Okay can somebody please explain to me what the point of daytrading is?

Okay can somebody please explain to me what the point of daytrading is?

I mean, I get the benefit of making quick short term money, but I hear about how "dangerous" it is, yet I don't understand why.
I mean, I get you can lose money just as quickly as you could earn it, but isn't that only if you sell after seeing your losses? If you just keep holding until you have made a profit, even if it's the next day/week, where does the danger come from? Wouldn't you literally have to invest at a stocks highest peak to truly lose your money completely?

>Invest in a stock while day trading
>Goes in the red
>Just wait a few days/weeks/months for it to be green again
I feel like I'm missing a critical piece of the puzzle here

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nam a s'tahT

Over of 90% of day traders lose. It's not viable. It simply lures gamblers with no self control. The few that win big have insider information

that looks like a cross between michael jackson and that iranian girl that shot up youtube HQ

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you can buy almost the peak, fail to sell when it dips below that same level, and then it never goes back to that level for a year and you just underperformed the s&p by a lot

>Just wait a few days/weeks/months for it to be green again

Most of these stocks don't go green again, so you turn into a bag holder who shills on Stocktwits to try and save your bad trade. Eventually, you might cut losses, but this will keep happening over and over again until your account is finally destroyed.

just daytrade SPY/QQQ or leveraged shit based on them and you literally cant lose

I-IS THAT...... A WOMAN........ WITH BIG TITS....... WEARING A SUPER MARIO SHIRT.............. WITH JAPANESE LETTERING?????????? AAAAAAAAAAARRRRRRGGGGGGGGGHHHHHHHHHHHHHHHHHHHHHHHH

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Damn beat me to it. Was gonna say someone photoshopped MJ's face to a thot body