Michael Wursthorn
speaker
1,567 appearances
29 recordings
1 series
first heard Jul 2017
last heard Nov 2021
Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.
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Appearances
You don't have to worry about any of the fees.
That's been one of the biggest draws.
The second motivating factor is that trading is easier than ever now.
You can do it on your phone.
Just in the same way that in the 90s, the advent of the internet and the personal computer gave way to the day traders then.
Mobile phones and the fact that you can just download an app and trade at the click of a button has opened up trading to anybody that just has a smartphone in their hands.
The third point I would say is that you're seeing a lot of people trying to take advantage of the volatility.
We had this historic end to the longest bull market ever.
It happened in very dramatic fashion in the sense that
that the drop into bear market territory for the S&P 500 was the fastest on record.
And the bounce back has been just as extraordinary with the S&P 500 rising more than 40%.
So for a lot of investors, that's seen as a really opportunistic time to get into the market.
And they have made some good money, at least the ones that I've spoken with during this story.
So to be, say, a real day trader, you have to have at least $25,000 in your account.
A lot of brokerages have basically a rule.
If you have less than $25,000 in your account, you can't execute more than...
I believe it's three trades on a certain day.
So to avoid that issue and to be able to trade as much as you want, regardless of the commission scenario, you need to have that $25,000.
That's really the only requirement.
Beyond that, it's just about doing your own research.
Showing 341–360 of 1,567 · page 18 of 79
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