Lizzy and Lissa break down the hidden costs – financial and otherwise – of day trading. Many people are curious as to whether or not trading in the stock market can be their ticket to wealth as opposed to grinding at their 9-5 jobs. Is it really the fast track to financial freedom, or are the risks too big to ignore? In this episode, Lizzy and Lissa unpack the myths and realities around day trading in financial markets.
Main Topics
00:00 Introduction to Day Trading
01:11 Important Disclaimer
01:37 Running the Numbers Segment
02:24 Longevity and Success Rates
03:22 Understanding Day Trading
04:56 Retail vs. Institutional Traders
07:44 Technical vs. Fundamental Analysis
12:28 The Risks of Day Trading
24:31 Our Personal Views
29:23 Emotional and Social Effects
35:45 Alternatives to Day Trading
41:04 20 Cents Segment
References for Statistics
https://www.unbiased.com/discover/banking/day-trading-statistics
https://www.newtrading.io/is-day-trading-profitable/
https://www.zippia.com/day-trader-jobs/demographics/
https://finmasters.com/day-trading-statistics/
Co-Hosts
Lizzy is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok
Lissa is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram |TikTok
Credits
► Produced by Lizzy Marie and Lissa Lumutenga
► Artwork by Lizzy Marie
► Music by Lissa Lumutenga, Net Net Podcast “Theme Song”
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Disclaimer
This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.
Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!