It's incredibly difficult in the long run to make money by day trading. You need to be in the top 20% of trading ability to just break even (meaning, 80% of peo

It's incredibly difficult in the long run to make money by day trading. You need to be in the top 20% of trading ability to just break even (meaning, 80% of people who day trade outright lose money) and among the top 2-3% of traders if you want to make any substantial profits. I personally take Charlie Munger's approach of going long a US equity index with most of my money and then using leftover funds to exploit what I perceive as structural mispricings in different asset classes/financial markets that I think will correct themselves in the short/medium term. Bitcoins, for example, have been a fun ride since I bought some at the start of 2013. See this study on day traders for more info: http://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trade%20040330.pdf http://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/...