daytrading is more like gambling and they have given the bad...

daytrading is more like gambling and they have given the bad image to stockmarket. Daytrading is foolish, because buying and selling in short term makes you pay too much brokerage fees and taxes. You won't get 50% discount on capital gain tax. It's better to buy a good company shares at once, pay brokerage at once, and sell it after minimum 1 year so you can get 50% discount on capital gain tax and only have to pay brokerage 2 times, first when purchase and second when you sell it. A lot of people don't invest in stock market because they it's very risky, they says it goes one day up and second day down, I tell them it's not a day game it's a long term game. Daytrader more likely gets caught on misjudging the price and they end up selling with loss because they can't help with their day trading mentality or they don't have patience to hold it for long term.