Day Trading Is Here to Stay.
Day Trading Is Here to Stay.
N.J. Now Wall Street wants in. Less than a year later, day trading is still a dirty term to some people on Wall Street, but euphemistically it is a hot topic of conversation. They are called day traders because they generally close out their positions every day rather than hold stocks overnight. What these firms have discovered is that although frequent trading may be a sure way for investors to make money, it is certainly lucrative for the brokerage firms. The problem the big brokers face is how to embrace day trading without alienating the customers who were attracted by pronouncements about the importance of making a long-term financial plan and sticking to it.