What is Meant By Day Trading:
Shares Bought are to be Sold on Same Day
Shares Bought are to be Sold on Same Day
Make
money from the comfort of your home! Be your own boss! Beat the market with
your own smarts! Build real wealth! Tempting, isn’t it? Day trading can be a
great way to make money all on your own. It’s also a great way to lose a ton of
money, all on your own. Are you cut out to take the risk? Day trading is a
crazy business. Traders work in front of their computer screens, reacting to
blips, each of which represents real dollars.
They
make quick decisions, because their
ability to make money depends on successfully executing a large number of
trades that generate small profits. Because they close out their positions in
the stocks, options, and futures contracts they
own at the end of the day, some of the risks are limited. Each day is a
new day, and nothing can happen overnight to disturb an existing profit
position.
But
those limits on risk can limit profits. After all, a lot can happen in a year,
increasing the likelihood that your trade idea will work out. But in a day? You
have to be patient and work fast. Some days there is nothing good to buy. Other
days it seems like every trade loses money.
Do
you have the fortitude to face the market every morning? In this chapter, I
give you an overview of day trading. I cover what exactly day traders do all
day, go through the advantages and disadvantages of daytrading, cover some of
the personality traits of successful day traders, and give you some information
on your likelihood of success
