Sunday , November 17 2024
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Why you must stay away from short term trading.

Summary:
Short term trading is a short path to becoming broke.

Topics:
Mike Norman considers the following as important:

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Short term trading is a short path to becoming broke.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

20 comments

  1. Saves you a trip to the casino.

  2. Totally agree on long term investing. Do you still recommend forex trading though?

  3. The amount of money I'm going to have to give to Uncle Sam for short-term capital gains has killed any interest in trading that I may have had. I've parked my money in index funds and that's what I'll keep doing from now on.

  4. This is probably the most important video you’ve ever made. So much truth in it, unfortunately most people have to fist lose it all to understand.

  5. Short term trading it’s very profitable and knowing what direction market is trending helps to pick up right trades is right direction. I don’t understand why you don’t like when you combine the long term direction

  6. So we need insider trading like Congress

  7. Thank You Mike … whatever anyone says, said, or saying, you are one of the few who is straight forward and tells it the way it is. You are collecting good karma (you'll find it very useful "beyond")

  8. Mike mmt is so logical and simple but I have a hard time with people cause most people want to believe we are in debt up to are eyeballs and flat broke! They are conditioned to this and they think any day there’s going to be a depression! It’s terrible!

  9. Tucker recent interview with Jordan Ross Belfort (real guy behind the movie) tells you same thing Mike is telling … How Wall Street makes money

  10. Love you Mike! Love this video!!

  11. @financeeconomics1057

    Good video, it's true making consistent gains through short term trading is very difficult.

  12. @santiagogarcia6768

    Your Best video ever

  13. isnt mmt our edge? Its our "insider" knowledge!!

  14. Wise words indeed Mike

  15. @giorgiogalvagni8170

    does this apply to forex?

  16. ❤👁

  17. Words of wisdom Mike

  18. One of the best commentaries you have ever done, Mike thank you 👍

  19. Lot's of value in this discussion!

  20. @cavaliercarnival2006

    Never made any money using short term trading and MMA. But have profited rebalancing portfolio during pullbacks using macro view.

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