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Moved PermanentlyMoved PermanentlyFortune Investor DataDay-trading, either done independently or under the umbrella of firms that set up clients with high-speed equipment and a trading room in exchange for commissions, is certainly a dangerous game. "The markets move very fast, and something like 90 percent of people who try this aren?t successful," says TIME Wall Street columnist Dan Kadlec. But failure isn?t against the law, and after the report?s release, trading firms were scrambling to remind regulators -? and the public -? that a few unscrupulous apples aside, what they sell isn?t any different than...

Author: /time Magazine | Title: Pressure on Day Trading to Can Its Bad Apples | 8/10/1999 | See Source »

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