Daytrading may die this year

Discussion in 'Chit Chat' started by NY_HOOD, Jan 12, 2009.

  1. the daytrade community may dwindle down to nothing as few daytraders are able to weather the storm. that said, with all the unemployed wallstreeters,perhaps some will resort to trading. i mean,where else will an unemployed wall street guy go if he can't find a job?
    any comments,just bored.
  2. Aisone


    As long as there is any volatility it will never die, altho it will and has already been pared down a bit. Its cyclical.
  3. just21


    If you want volatility then check out the energy markets.
  4. It's going to be the same as it was in late 2001 and all of 2002.

    Slow grinding days with declining volume.
  5. Probably similar to the late 70's, some relocate for similar jobs and others change careers. Life goes on, it's time--that's all. Just part of the cycle.

    They adapt, we adapt and the market adjusts just like it always has and always will.
  6. ok
  7. yes this mkt is dead, spend less $$$ find a cheaper apt,etc
  8. Quite frankly, I really don't understand the question . . . what kind of market environment ( "storm" ) is currently preventing day-traders from making money?

    Can you be a lot more specific?
  9. BSAM


    The sky is falling...The sky is falling.
  10. zdreg


    final blow will be the resumption of the uptick rule.
    #10     Jan 12, 2009