[ELI5]How do day traders lose money, why would they sell their stock for a loss in a day insyead of waiting for the cost to increase?

Question

[ELI5]How do day traders lose money, why would they sell their stock for a loss in a day insyead of waiting for the cost to increase?

In: Economics

Answer 1

I’ll just say this, because I have found it useful. Bernard Baruch was asked how he made millions in the stock market. He said, “I always sold too soon.”