Truth about day trading!

I’ve never understood how people reach conclusions like these. I liken it to trying to guess whether the next person to come around the corner will be male or female. The way I see it, day traders considered themselves successful if they bought a stock at $10 and sold at $11, bought it back the next week at $24 and sold at $25, and bought it a week later at $39 and sold at $40. If you  can’t see the flaw in this—that the trader made $3 in a stock that appreciated by $30—you probably shouldn’t read the rest of this book.

Truth about day trading!