Your thoughts on this video about Day Tading?

[joeynatomas]

I just saw this on YouTube. New to day trading.
Do you agree with the points made in the video?

https://www.youtube.com/watch?v=1wbsp1ckp2E

Joey

 

[The Cube]

Out of interest, and since you are new to day trading, what did you make of it?

 

[Velarcus]

Day trading is a suckers game. Quality research has shown that >95% of day traders lose money and give up. Spreads, commissions, and adverse selection make it nearly impossible to earn profits. You're better off not even trying.

If you are going to trade you should swing trade or take long term positions based on fundamental factors.