With stocks on the upswing, the appetite for risk is back! That might tempt some folks to abandon sound long-term investing and take a stab at day trading. Before we go too far into whether this is a good idea, I’d say that to be a successful day trader, you should be aiming to beat the market … and a lot of ink has been spilled about how active managers—and I’d include individual investors here—can’t do that. Well, that’s nonsense. Plenty of portfolio managers and individual investors do beat the market regularly. Consider closed-end funds (CEFs) , for example, which yield 7%+ on average, with plenty sporting histories of beating their benchmarks.… Read more