Day trading has been called
A)"a trading method for transferring wealth from unsophisticated investors to sophisticated investors."
B)"a trading method for transferring wealth from sophisticated investors to unsophisticated investors."
C)"the safest,most conservative trading method."
D)"the long-term investors' preferred trading method."

Question

Quizplus · Accepted Answer

Day trading involves buying and selling stocks within a single trading day, with the aim of profiting from short-term price fluctuations. It requires a level of knowledge and experience to be successful, and studies have shown that a majority of day traders end up losing money. Therefore, it is often considered a method for transferring wealth from unsophisticated investors to sophisticated investors who have the skills and resources to handle the risks and complexities of day trading.

Day Trading Has Been Called