Do You Need to be Smart to Day Trade?

Here is another truism I heard today, “There is so much money in finance today, that it doesn’t pay to be smart.  Just don’t get hit by a bus!”  Now sit back and give that some deeper thought.  It shouldn’t take long before you realize the reality in those words as it relates to the markets and the ability to day trade them. You don’t need to be the smartest, most talented person, with highly developed math skills to day trade successfully. It is, in fact, the code developers not the traders that must operate at the speed of light turning transmitted bits of data into actionable algorithms in the financial markets. Back to the first truism from above – that it doesn’t pay to be smart when it comes to finance – or so it seems.  Honestly this continues to be a true statement no matter how far back we look – all the varied crashes, financial collapses and calamity, bubbles bursting as the love/hate relationship with the US dollar as it expands and contracts. 
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