They are not exactly over , because you cannot teach an old dog new tricks and certainly there are many old dogs still in this market. BUT the “Churn & Burn” has run its course as a profitable business strategy & tactics.
Whether you’re an experienced trader or new to the markets, you have definitely encountered many instances where emotion and psychology influenced your decisions, causing you to behave in unpredictable or irrational ways.
The main categories that these behaviours fall into, are the following:
Most traders are looking for a decent signals service. Why? Because traders want ready things. They don’t have the time, they don’t have the knowledge, they don’t have the self-esteem to decide for themselves. There’s something more though: traders love the blame game, they want someone to blame (who’s probably not themselves) for their losses.
What is Day Trading?
There is no absolute definition of what day trading is, however it can be described as the buying and selling of a single security within the same trading day. All trading positions are closed out prior to the end of the specific trading day and as such there is no overnight risk to consider.
Long-term investing, on the other hand, involves analyzing the performance of many instruments and choosing the ones that appear to have the best potential. A long-term investor expects to hold an instrument for at least a week and must be confident of the instrument’s ultimate value so as to be able to tolerate interim periods of both lows and highs.