Mart Resources Inc MAUXF

Day Traders

[Sil.D]

I have read that 90% of day traders end up losing $$$...just a read, not hard fact...However, I do have a neighbor who took numerous day trading classes and set up 6 screens in his house and was telling me how great he was doing and suggested I take some classes.  This guy is retired and had his house paid off.  Recently I go to Zillow to look at neighborhood home values and see a "pending forclosure" alert on his house.  His wife told my wife that he got greedy took out a large mortgage and used $$ for day trading and lost it all.  I am sure like casino gamblers, there are a lucky few that can make a living at it...but my very smart buddy neighbor has not been outside in weeks and is laying low apparently just waiting for the bank to make the next step. I know his wife is very resentful of him taking all of these day trading classes and sure he also does.  It is risky enough buying small cap stocks on the Venture exchange, but in this case I am happy just sitting and holding.