Meet NZ’s high-octane day traders

Day traders like Shammy Singh buy shares, then sell them again within hours or days. (Image: Supplied)

Mon, 16 Aug 2021

One night in 2015, 22-year-old Shammy Singh got out of bed at 3am to trade stocks on the US markets from his home in Hamilton. Before the sun had risen, he had lost $20,000.“My emotions kicked in, I opened up a really large position and made a $20,000 loss in one hour, between 4am and 5am, sitting by myself in the dark,” he told BusinessDesk.“It was a huge blow, and I thought to myself: ‘Shit, trading is not for me’.”But Singh, now 28, didn’t quit. He says day trading was like learning an extreme sport:...

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