They need to put forward a plan that penalizes or even prohibits day trading. At present, the day-traders and market manipulators are simply gambling/running high speed numbers games with our money.
If you don’t trust the Market then don’t invest. Most of the day traders are rank amateurs who have no affect on the Markets and as far as “manipulation”, what does that mean? Give an example if you can.
I’m just a regular guy who has invested in the markets for about 40 yrs and I have averaged a tad under 9% after taxes for that entire period.
How come I haven’t been hurt by those day traders and market manipulators?
The “penalty” for day trading is that capital gains are taxed at higher income tax rates for assets held for less than 12 months. I suspect most day traders don’t make a heck of a lot of money when all is said and done.