I've seen the change in the market for day trading small stocks in the last week. Most Peaked in July.
Many are getting crushed short now from highs by the industry. Many Newbies are getting a little taste of why it's so hard to be successful in this game over the long long.
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I got started during the dot.com boom. Saw what was happening and though I would be a millionaire in a few years. In no time did I get a hard lesson.