A Look at the Bleak Prospects for Day Traders
In this episode of Industry Focus: Consumer Goods and as part of our "Never Will I Ever" theme week, the team explores the pitfalls of day trading with a detailed example of how the bid-ask spread, or the "vig" in gambling terms, can quickly gobble up a trader's capital over a single year.
Our test case is footwear manufacturer Deckers Outdoor Corporation. If you’re thinking of becoming a day trader, you should watch this video segment before taking the plunge!
A full transcript follows the video.
Source: Fool.com