Day traders return to the market - BBC

From Timetotrade

The Managing Director of timetotrade, Dary McGovern was quoted in a piece by Nigel Cassidy for BBC News on the Day Traders Return to the Market.

Dary McGovern of Time To Trade has founded a company providing private individuals and investment clubs with tools to plot and automate their trading according to pre-set criteria.

"Anybody who has has just read some piece of gossip somewhere and never placed a trade in their life is likely to be very exposed - they have no strategy for getting in and out," he says.

"A day trader then becomes an investor when it goes wrong and has to ride things out. Like any skill in life, this is one that has to be practised."

Past experience suggests that eight out of 10 home traders will eventually lose their money. A few bad calls, a whopping tax bill, or even just the cost of dealing can too easily wipe out your holdings.

So fortune-hunters should study the markets' machinations carefully before diving in the deep end of today's still murky financial waters. "

Full Story: Day traders return to the market



timetotrade Day traders return to the market - BBC From Timetotrade Jump to: navigation, search The Managing Director of timetotrade, Dary McGovern was quoted in a piece by Nigel Cassidy for BBC News on the Day Traders Return to the Market. Dary McGovern of Time To Trade has founded a company providing private individuals and investment clubs with tools to plot and automate their trading according to pre-set criteria. "Anybody who has has just read some piece of gossip somewhere and never placed a trade in their life is likely to be very exposed - they have no strategy for getting in and out," he says. "A day trader then becomes an investor when it goes wrong and has to ride things out. Like any skill in life, this is one that has to be practised." Past experience suggests that eight out of 10 home traders will eventually lose their money. A few bad calls, a whopping tax bill, or even just the cost of dealing can too easily wipe out your holdings. So fortune-hunters should study the markets' machinations carefully before diving in the deep end of today's still murky financial waters. " Full Story: Day traders return to the market Retrieved from "http://wiki.timetotrade.eu/index.php/Day_traders_return_to_the_market_-_BBC" Help index timetotrade Home © 2005-2012 Sensatus (contact us)