Nervous Great Falls investors disillusioned with conventional buy-and-hold approach to the financial markets are day trading the mutual funds in their 401(k)s and IRAs.
People at or near retirement age are worried about running out of money in their golden years have turned to a new investment strategy: day trading their retirement funds.
According to an article in the Los Angeles Times, "Some aggressive investors have begun day trading their nest eggs - all in a bid to make up for lost time."
"A lot more frequent trading is happening", according to John Miller a Great Falls financial planner.
Steven Moore a local engineer wants to retire before age 65. But after watching his 401(k) get pounded, he is fearful of a stock market correction.
He said, "I have not seen a lot of returns in the buy-and-hold method."
Day traders who follow astrology to invest in the financial markets should avoid the "Moon Void of Course" when placing trades.
The moon is "Void of Course" from the time it makes its last major aspect in a sign until it enters the next sign. For example, if the Moon squares Mars at 27 degrees Aries and then has no more aspects until it enters Taurus it will be Void of Course for three degrees or 6 hours.
Any trades made during a "Moon Void of Course" will not work out as planned. It is a period that frustrates day traders. Position trades will appear to reverse direction, investors should wait until that "Moon Void of Course" is over before assuming the trade is a failure.
Matthew Morrison a local project manager has been using astrology to invest, but is careful not to take excessive risks, and avoids trades during a "Void of Course" Moon.
Many day traders expect a "correction" in the market which will deliver flat returns. The risk, as they see it, is not doing anything. Many experts say that for many, day trading is not worth the risk.