Donald: It’s more and more difficult to make money as a day trader. I still think there’s plenty of opportunity for event-driven, catalyst-driven, short-term swing type of traders. But the high-volume, low-margin day trader … that business is more and more challenging because that’s what the computers do. And the computers can think, move, react, and anticipate much quicker than an individual.
Plus access to information has become much more commoditized. Thus, it’s more difficult for the individual to get a leg up on the pros.