Don't try this at home: ASIC's warning for amateur sharemarket punters

One only needs to see the COVID-19 carnage experienced by professional investors to understand that amateurs stand little chance.

"For retail investors to attempt the same is particularly dangerous, and likely to lead to heavy losses – losses that could not happen at a worse time for many families." ASIC uses its database on retail trading to show clear evidence of why amateur traders should heed the old adage 'don’t try this at home'.

That in itself is not a problem because over the longer term prices could change. The trouble is during the pandemic the average time retail investors were holding stocks has fallen to one day or less.The risks of amateur investing are amplified by the fact that many punters are not confining their plays to vanilla shares, but dabbling in higher risk products that are highly technical in nature.

There would be plenty scammers as well into getting people to invest into dodgy companies too

Bought American Gaming Systems at 2.92 last month. Doing OK.

Bullish!

Oh well it's the risk they take.

Pokies are closed

Fo every losing trade there is a winning one, ultimatel, unless market never recovers. Thats not what history tells us.

Professional investors use both quantitative and qualitative methods when compiling portfolios of stocks, as well as considering sector, macro, concentration and human risk etc etc. You can’t do this for very short term gain; u may get lucky but you’re playing with fire!

like SMH at Journalism... just ain't any good

One word to solve it all. bitcoin

Been doing this a long time... 'day trading' isn't the way to go... Look at the longer term, the good prospects, and be aware you can LOOSE your money.

It’s not money .... it’s just my $10,000 super

Fantastic market for trading currently... great daily swings

Shorting this article now

Made more then leaving it in the bank!

Should be counted in the gambling stats.

Not everyone is losing. I just started last month. $1000 on six shares. Thanks for coming.

Will this be the stock market covid bubble?

stoolpresidente has an international influence DDTG

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