From Theglobeandmail.com: Gone are the days when day traders – outfitted in boxers and a T-shirt sitting at their kitchen table with nothing more than a browser and a lot of java – effortlessly raked in the cash.
In today’s era of high frequency trading, hedge funds and other large traders are doling out hundreds of thousands to math whizzes to crank out complex algorithms to manage trades, automatically, in nanoseconds. In this rapid-fire world, day traders in their former incarnation stand little chance……………………………………….Full Article: Source