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Do you enjoy roller coaster like thrills and adrenaline rush that the fast paced world of day trading provides? Most of the traders do and it’s less about the adrenaline rush and more about the ‘illusion of speed’. Is day trading really an easy way to get rich quick?
In today’s Tip TV education segment, Dr. Corvin Codirla, joined by Nick Batsford, details the monetary and health hazards of trading frequently. He says the ‘illusion of speed’ pushes traders towards high frequency trading. Codirla says the hidden promise of ‘Get Rich Quick’ via high frequency trading never materializes and in fact has disastrous effects on the capital as well as the health of the trader.
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