Generally, day trading should be avoided. If you decide to participate in day trading, what should you keep in mind?
What will be an ideal response?
Answer: Be prepared to suffer severe financial losses.
Don't confuse day trading with investing–they aren't the same. Day traders aren't interested in value, but in how the stock might perform in the next few hours or day.
Don't believe claims of easy profits. Investors have a tendency to talk more about when they make money, but not about when they lose it. In fact, day trading has been called "a trading method for transferring wealth from unsophisticated investors to sophisticated investors."
Watch out for "hot tips" and "expert advice" from newsletters and websites catering to day traders. There's no question that someone makes money from day trading; unfortunately, in the vast majority of cases, it isn't the investor
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Formulating an analytical framework along with models, research questions, hypotheses, and the information needed are included in developing an approach to the problem
Indicate whether the statement is true or false
The classification and normal balance of the accounts payable account is
A) an asset with a credit balance B) a liability with a credit balance C) owner's equity with a credit balance D) revenue with a credit balance
Aqua? Primavera, Inc. has provided the following information for the year. What is the unit product cost using variable? costing?
Units produced | 14,000 units |
Sales price | $300 per unit |
Direct materials | $20 per unit |
Direct labor | $30 per unit |
Variable manufacturing overhead | $50 per unit |
Fixed manufacturing overhead | $470,000 per year |
Variable selling and administration costs | $70 per unit |
Fixed selling and administration costs | $260,000 per year |
The difference between the Project Gutenberg (PG) and the Google book scanning project is:
a. The PG limits itself to the "classics" b. The PG limits itself to only works in the public domain c. Google only digitizes full documents but the PG digitizes key segments d. The PG limits itself to "orphan" works – those with hard-to-find authors or owners.