Do-it-yourself investors and full-time day traders couldn't have less in common. One group researches stocks, tries to get comfortable with the products and the financials, and then buys and holds. The other does little research, never wants to be comfortable with the stocks, and buys and sells the stocks over and over again. Yet the media can't tell them apart. As the New York Times stated so ineloquently in its umpteenth article lumping together these diametrically opposed camps, they are both part of the "do-it-yourself craze" that is causing people to lose millions and millions of dollars every day wagering on...
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