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26: Why Day Trading Is Like Gambling and Long Term Investing Is Queen

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Manage episode 298300216 series 2955734
Content provided by Priya Karan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Priya Karan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

šŸŽ™ Day trading is often seen as a way to get rich quick. But itā€™s almost impossible to day trade your way to a million-dollar retirement, especially with the effects of emotional investing and stock market sentiment. So, why does it seem like itā€™s the winning lottery ticket youā€™ve been waiting for? Why does it go wrong? And why is long term investing the better strategy? šŸ¤”

This episode discusses topics like:

šŸŒŸ What day trading is and why most people who try day trading end up losing a lot of money;

šŸŒŸ How emotional investing impacts the stock market as a whole and your personal wealth; and

šŸŒŸ Why long term investing is the better way to get rich.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/26-emotional-investing-stock-market-sentiment

Sign up for my free Masterclass: https://www.papermoneyco.com/masterclass

Day Trader definition: https://www.investopedia.com/terms/d/daytrader.asp

Time codes:

00:00 Hello and Welcome!

02:52 What Is Day Trading?

04:03 Supply and Demand Inefficiencies in Day Trading

08:21 Sponsor - FIRE and Investment Calculator Spreadsheet

10:16 Day Trading vs Long Term Investing

13:13 Why Do People Day Trade?

14:21 Next Weeksā€™ Episode

Remember to:

Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast

šŸ¤© Subscribe so you donā€™t miss any future episodes.

šŸ† Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely weā€™ll be able to get this podcast in front of more people and grow the PMC Squad!

šŸ’– I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

  continue reading

61 episodes

Artwork
iconShare
 
Manage episode 298300216 series 2955734
Content provided by Priya Karan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Priya Karan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

šŸŽ™ Day trading is often seen as a way to get rich quick. But itā€™s almost impossible to day trade your way to a million-dollar retirement, especially with the effects of emotional investing and stock market sentiment. So, why does it seem like itā€™s the winning lottery ticket youā€™ve been waiting for? Why does it go wrong? And why is long term investing the better strategy? šŸ¤”

This episode discusses topics like:

šŸŒŸ What day trading is and why most people who try day trading end up losing a lot of money;

šŸŒŸ How emotional investing impacts the stock market as a whole and your personal wealth; and

šŸŒŸ Why long term investing is the better way to get rich.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/26-emotional-investing-stock-market-sentiment

Sign up for my free Masterclass: https://www.papermoneyco.com/masterclass

Day Trader definition: https://www.investopedia.com/terms/d/daytrader.asp

Time codes:

00:00 Hello and Welcome!

02:52 What Is Day Trading?

04:03 Supply and Demand Inefficiencies in Day Trading

08:21 Sponsor - FIRE and Investment Calculator Spreadsheet

10:16 Day Trading vs Long Term Investing

13:13 Why Do People Day Trade?

14:21 Next Weeksā€™ Episode

Remember to:

Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast

šŸ¤© Subscribe so you donā€™t miss any future episodes.

šŸ† Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview

Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely weā€™ll be able to get this podcast in front of more people and grow the PMC Squad!

šŸ’– I'd be super grateful for your help in making financial education available to everyone.

The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

  continue reading

61 episodes

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