study shows only 1 % of day traders are successful.What do you say?
http://www.nytimes.com/2010/03/28/business/28trader.html?pagewanted=1&sq=traders&st=cse&scp=1
I wouldn't be surprised.
Day-trading started out as momentum trading during the tech boom. Doesn't seem to me to have progressed much beyond that - buy what's rising fastest, hope to sell before it stops going up.