4 of February, 2021

The number of novice investors day trading has skyrocketed during the coronavirus pandemic, and that investment surge has created a huge rally in global equities.

Basically, people are stuck at home, have some free time and have turned to playing the stock market on various trading platforms (especially millennials), hoping to hit some quick, big returns on their investments. Unfortunately, many of these stock market newbies suffer from fear of missing out and think day trading is a get-rich-quick scheme. It’s not.

Truth be told, day trading is hard work and is very risky. It’s different from traditional investing and it’s not for the faint of heart.

So, if you think you want to dabble with day trading, make sure you understand the risks, assess if you have the stomach to handle it and that you have the investment discipline that is required. And most important, only invest what you can actually afford to lose