Day Traders Losing Money

from the wow-what-a-shock dept

USA Today has a really amazing story: day traders are losing money, especially now that the market has been down over the past month. They, of course, ignore the fact that plenty of day traders were losing money all along. Of course, if you just look at the stocks the main person in the story picked (including CyberShop and OneMain.com) it's really not that big of a surprise to find out she doesn't know much about the companies she's investing in. While I, personally, don't have much of an opinion on the "internet bubble", I do know the difference between investing in a loser company and one that is a serious business.