Daytrading may die this year

[NY_HOOD]

the daytrade community may dwindle down to nothing as few daytraders are able to weather the storm. that said, with all the unemployed wallstreeters,perhaps some will resort to trading. i mean,where else will an unemployed wall street guy go if he can't find a job?
any comments,just bored.

 

[Aisone]

As long as there is any volatility it will never die, altho it will and has already been pared down a bit. Its cyclical.

 

[just21]

If you want volatility then check out the energy markets.

 

[Clubber Lang]

It's going to be the same as it was in late 2001 and all of 2002.

Slow grinding days with declining volume.

 

[infolode]

Quote from NY_HOOD:

the daytrade community may dwindle down to nothing as few daytraders are able to weather the storm. that said, with all the unemployed wallstreeters,perhaps some will resort to trading. i mean,where else will an unemployed wall street guy go if he can't find a job?
any comments,just bored.

Probably similar to the late 70's, some relocate for similar jobs and others change careers. Life goes on, it's time--that's all. Just part of the cycle.

They adapt, we adapt and the market adjusts just like it always has and always will.

 

[robbie380]

Quote from NY_HOOD:

the daytrade community may dwindle down to nothing as few daytraders are able to weather the storm. that said, with all the unemployed wallstreeters,perhaps some will resort to trading. i mean,where else will an unemployed wall street guy go if he can't find a job?
any comments,just bored.

ok

 

[MohdSalleh]

yes this mkt is dead, spend less $$$ find a cheaper apt,etc

 

[Landis82]

Quote from NY_HOOD:

the daytrade community may dwindle down to nothing as few daytraders are able to weather the storm.

any comments,just bored.

Quite frankly, I really don't understand the question . . . what kind of market environment ( "storm" ) is currently preventing day-traders from making money?

Can you be a lot more specific?

 

[BSAM]

The sky is falling...The sky is falling.

 

[zdreg]

Quote from NY_HOOD:

the daytrade community may dwindle down to nothing as few daytraders are able to weather the storm. that said, with all the unemployed wallstreeters,perhaps some will resort to trading. i mean,where else will an unemployed wall street guy go if he can't find a job?
any comments,just bored.

final blow will be the resumption of the uptick rule.