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Article: ADVICE TO DAY TRADERS: DON'T QUIT YOUR DAY JOB
- Article from:
- The Beacon News - Aurora (IL)
- Article date:
- September 17, 1999
CopyrightCopyright (c) 1999 The Beacon News. (Hide copyright information)
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Playing the stock market is becoming one of America's major participant sports.
People are quitting their regular jobs in favor of day trading, hoping to double or triple their current incomes.
Day traders follow the market all day through computerized networks, and usually buy and sell several securities within the space of a few hours or even minutes.
If you become a day trader, you'll be faced with several choices right away, including whether to outfit yourself with a day-trading computer system, or to join a day-trading brokerage operation, where you'd be in the company of other day traders.
For novices, the latter is probably the best choice, advises Personal Finance newsletter.
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