The financial market's equivalent of the little old lady who spends every day at the casino, sticking quarters into a slot machine. One who believes you can lose a nickel on every trade and make it up on volume. -- The Devil's Derivative Dictionary
The Securities and Exchange Commission Study chart below is a little dated (from 2000) and some Day Trading companies have lower transaction fees now, but the graph highlights the uphill battle one has when contending with mounting transaction costs.
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