Should I Try To Day Trade? | Erik Averill, Brandon Averill | AWM Insights #15

The market has continued to bring surprises. In the last couple months we've seen one of the quickest recessions to one of the quickest recoveries then suddenly last week we saw a -6% down day in the market. 

In tandem with this market volatility, we've also seen many big name companies declare bankruptcy followed by their stock prices skyrocketing. In their wake have been more voices who have adopted a day trading approach claiming now is the time to buy these companies pretty much across the board.

This can cause us as investors to question what is going on in the short term, and ask if we should lean into this day trading approach. However, we also know that the disciplined approach is going to continue to be to cut out the noise, control what we can control, and stick to the plan for the long term.

This week, Brandon & Erik discuss these news items and address the following questions and topics: 

• Is now the time to buy a specific company's stock that I've heard about in the news?
• How concerned should I be about short-term market fluctuations?
• Is there ever a time to consider more of a day trader approach?
• If I have a pool of money that I'm okay to take more risk with, what are some of my options to consider?
• What options are available besides stock picking on public markets?
• What do you guys see is the best approach for long-term wealth creation and success?