stock day trading

standard The Internet Makes Gamblers of Day Traders

It used to be, back before the dawn of history – say 1990 – that buying or selling a stock was an arduous process. Pick up the phone. Call your broker. Tell him what you want to do. Sit back and wait for him to call his people and consummate the transaction, earning a nice little piece of the action for all his trouble. The interesting thing to note here is that it took a matter of time before the deal was done, anywhere from several minutes to a few hours.
The very nature of the beast created a sort of forced patience that, for better or worse, created investors with a portfolio better suited for long-term thinking. In case you haven’t taken a look lately, things have changed …