If every generation has its vice, day trading is it for Generation X. Think of it as financial cocaine--pleasant highs, awful lows, disastrous in the long run . . . At worst, day trading is pure gambling, and at best, it's an effort to time the market. Neither works for long.
Daniel Kadlec in Fall of the Mighty from Time (5/15/00)The lure of online trading seems to be that here is something you can do with no skill, no knowledge, and yet you can make tons of money.
Meir Statman in "Online or Off, the Rules Are the Same" from BusinessWeek (5/22/00)
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