If you are like the majority of investors looking at your 401(k) or IRA statements recently, events of the last few weeks may have you scared, agitated, raging, daunted . . . or some other similar reaction as the values of many stocks and mutual funds have declined.
The Dow Jones Industrial Average has dropped more than 2,000 points since Sept 19, when the House repudiated the first bailout proposal, dropping the Dow below 10,000 to its lowest level since 2003. Furthermore, the decline in the S&P 500 Index is approaching 300 points since the close at 1246 on Sept. 19 – a $15,000 loss for anyone long a single e-mini futures contract over that period.
After vacillating through the morning, stocks made a turn for the worst in the afternoon with the Dow falling more than 1,900 points over the past seven trading sessions, increasing disbelief that the markets can be settled. Stocks nosedove more than 7% towards the end of the trading day to the lowest level in five years and the S&P 500 also fell more than 7%. If we look back a year ago today to see how the Dow was doing, we’d see that the Dow finished at an all time high of 14,164.53. Today it closed below 8,700. This indeed prooves just how hard the stock market has been hit.
The Dow Jones industrial average lost 679 points today, after hitting its lowest point since May 27, 2003 during the session! Even in this tough economic times, it’s still possible to make lots of money via day trading in the stock market.
Quite a few individuals who had 401k and other retirement money or mutual funds invested in GM lost as much as 30% of their accounts today – YES in 1 day! But While stock and commodities investors are losing their shirts, many index day traders are smiling all the way to the bank.
As stock traders and other investors are singing the blues or setting on the sidelines, Index traders are smiling all the way to the bank (well maybe notthe bank – currently you might be better off keeping your money in your matress – well almost).
Now is the time to learn how to invest your own money and day trade the Index. To allow a broker invest your funds or retirement money for you is insane – especially now! You should find out how to create a ROTH and day trade for Tax-Free income.
In the last 15 months alone, $9 trillion have been lost in the stock market and this is money from ordinary people’s retirement account and 401K plans! To add salt to injury, more than 750,000 jobs have been lost since the beginning of the year!
So what could you do to alleviate these overwhelming losses? By learning to day trade these index funds, you will have the chance to make profits no matter what direction the market goes! That’s the beauty of index day trading. If you have lost your job or looking for an opportunity to work from home on your own terms, now is the best time to learn how to day trade.
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