The pandemic caused incredible volatility in the markets, also leading to unprecedented growth in day trading activity (and interest).
If the economy is to benefit in the long-term, however, the practice must be professionalized. Also to try to mitigate the risk of personal losses by traders. These are just the first few words of what Select Vantage President & CEO, Daniel Schlaepfer, wrote for The Parliament Magazine recently.
Why Professionalize Day Trading?
The unprecedented growth of day trading in the past year has been remarkable. At the same time, many people with little trading experience have entered the market in droves… and exposed themselves to massive risk.
After all, the prospect of making huge profits fast on the market by exploiting volatility has its appeal.
Our company usually offers its specialized training to partners only (office managers and traders). However, we decided to meet the needs of new and aspiring traders with our broadcast channel, TraderTVLive.
It’s the first daily live-stream show on YouTube dedicated purely to day trading, and it provides viewers with market analysis, trading tips and tricks, and more (there is also a trading tips channel, Market Wisdom).
Not only do many traders watch it to learn about trading, but they also tune in for the sense of community that the platform has helped to foster even in those professionals who, due to the world health emergency, are forced into working remotely.