Day trading.
What is your reaction to those two little words?
In my experience, there are two types of investors: those who cringe at the thought of day trading and those whose pulses quicken and pupils dilate with excitement.
Where do you fall?
If you had asked me before March, I would have guessed that the majority of investors were not interested in day trading.
But the coronavirus pandemic has created a unique phenomenon: More and more people are turning to day trading.
A recent article in The Wall Street Journal titled “The Pandemic Turned My Parents Into Day Traders” states, “By some estimates, such small-scale speculators now account for as much as a quarter of overall trading activity.”
Wow.
So that got us wondering about our readers… In this week’s poll, we asked, “Do you enjoy short-term trading?”
And 80% of respondents answered “yes.”
Some were more enthusiastic than others. Reader Eddie R. responded, “Hell yeah!”
While Sylvia C. was more hesitant, writing in, “This is new to me, so I will see.”
And reader Bob M. posed an excellent question: “What is short term? Minutes, hours, years, decades?”
While The Oxford Club does offer short-term targeted trading services with average holding periods of four months to one year, this poll focused on what we call ultra-short-term targeted trading, with holding periods of less than four months.
If you’re like reader Wanda H. and you want to learn more about ultra-short-term trading, take a look at Nicholas Vardy’s most recent article about his Oxford Swing Trader service – it’s based on a system that captures gains from short-term moves in the market over two to 10 days – and check out his Nick’s Picks video series on our YouTube channel.
And if you’re interested in true day trading, take a peek at what our friends at Monument Traders Alliance are doing. Their unique day trading platform offers recommendations for overnight wins, and they’re expecting big moves after the election.
Click here to view the results of this week’s Twitter poll. And join the conversation on Facebook here.
Note: Comments may have been edited for spelling, grammar and/or clarity.