Originally Posted by PbN_AutoTrader
It can be viable.
Just like you can make millions playing pro football.
Or you can get killed and be worthless.
It really boils down to how much $$$ you have to play with and what are you happy "bagging" as far as gains.
I.e. you can play a stock that swings only .05 in the day.
Now that's only .05 but on 100,000 shares thats $5k profit for the day.
Of course you'd have to have whatever capital needed to buy 100k shares of X for whatever price it is.
Or you could just know what is really happening. The North American Securities Administrators Association did a study and found that 11.5% of traders were profitable, 18.5% were breaking even, and 70% lost money. Other research since that study has supported those results. Of those making money, only 2-4% make big profits. The odds are really against you.
You are probably better off at the craps table.....
.... and I hate gambling.