Day Trading is Not Investing
The only thing investing and gambling have in common is that they both involve financial risk.
Investing requires that everyone must win in order for you to gain, but gambling requires that other participants must lose in order for you to gain. You see gamblers don’t care if others lose, only that they win. The Bible warns against this attitude. Day trading, while not actually gambling in the strict sense, is certainly more akin to it than investing. It’s often driven by greed. Investing is willingly placing your funds into a business, a commodity, or other asset to allow it time to grow and increase in value. This takes patience, knowledge, and wisdom. Day trading is simply not investing.
Proverbs 24:3-4 says, “By wisdom a house is built, and through understanding it is established; through knowledge, its rooms are filled with rare and beautiful treasures.” To apply this proverb to investing, we must read, learn, research, study, and understand what we are investing in to create lasting wealth. While many may claim the same approach to day trading, it’s difficult to defend rapid trading as a wise approach. We’re stewards of what God provides. Proverbs 21:5 says, “Steady plodding brings prosperity; hasty speculation brings poverty.” So slow down. Take a Crown course to learn more of God’s economic principles. We have several resources available to help you learn Biblical truths of investing.
Now in my new book, Seven Gray Swans, I describe potentially significant events that could happen. A gray swan’s an obvious danger that we tend to ignore. My goal is to show you how to prepare for and survive these economic threats. You can find the e-book online at Amazon.com.