Newbies Investing Questions

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Q. Does frequent trading help performance? A. It hurts usually. As a general rule The More You Trade the More You Lose. That's based on two academic studies.

"Frequent trading

One good way to lose your shirt in the stock market is to trade very frequently. It can happen if you buy every exciting stock you read about and frequently have to sell out of some in order to buy into others. That reflects a lack of confidence, patience, and discipline -- three factors that are helpful in investing success. After all, if a stock was promising enough for you to buy shares, you should give it time to perform -- and in many cases, that can be years.

According to an academic study of frequent traders by Brad Barber and Terrance Odean, the most active traders reaped the lowest returns. Indeed, between 1992 and 2006, fully 80% of active traders lost money and "only 1% of them could be called predictably profitable."

https://www.fool.com/retirement/2016/12/28/3-ways-to-lose-all-your-money-in-the-stock-market.aspx