Day Trading Quotes

I used to do a lot of the day trading and the stocks. I used to have the Ameritrade and trade options.

Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.

For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy.

I got an E-Trade account. Turns out I can turn $1,000 into $420 in less than a week. Sure, I had to pay some fees.

Wall Street has become a veritable casino.

I had an extremely boring time doing 20 to 30 trades a day while everyone was talking about baseball or basketball. So I stood there fantasizing about a device that could do the same thing I was doing.

Americans wouldn't do that [cashing out the same day]. Then they would be in the great old thing we used to call the marketplace. You know, we have hundreds of millions of stock shares floating every day. People buy them and sell them and trade them.

The media and marketing deluge has spawned a new type of Wall Street loser: the armchair momentum player. These are novice investors who engage in short-term stock buying and selling based on media reports or an expert's enthusiasm.

I think (fantasy football) has become something that needs to be looked at in terms of regulation. Effectively, it's day trading without any regulation at all. When you have insider information, which has apparently been the case, when you have people who use that information, use big data to try and take advantage of it, there has to be some regulation. If they can't regulate themselves, then the NFL needs to look at moving away from them a little bit, and there should be some regulation.

The next time you see an outside day with a down close lower than the previous day, don't get scared, get ready to buy!

If you are a short-term trader, you have the right to come and go from our funds.

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

Big money is made in the stock market by being on the right side of the major moves. The idea is to get in harmony with the market. It's suicidal to fight trends. They have a higher probability of continuing than not.