By investing in a small number of securities, such as a one-week futures order, there’s no reason to invest a significant amount of your time or money in making daily (week day) trades. There’s no limit to the number of trades you can make in a day.
Day trading is not a good option for:
Day traders who want to make more money than investing their earnings in a single trade
People who want to earn as much as they can through trading (and to earn higher returns) without giving up their time or money
People who are comfortable with investing their savings, in full, in something that won’t lose its value
Those who believe a portfolio of investments needs to include small investments at a time, so that they can keep pace with the ups and downs of the market.
As with most investment decisions, there are pros and cons to day trading. If you need to make a decision about day trading, here’s a list of the pros and cons of day trading.
1. Day trading isn’t as complicated as most people think it is
Day trading isn’t as complicated as many people think it is. Day trading is simple to understand, but not particularly easy to execute. You can learn to trade without knowing exactly what you’re doing and without being good at the techniques and procedures required to make money. Even if you’re skilled, you are going to have a hard time seeing big returns from day trading just because it’s so simple. In fact, with the right strategy and some time, you’ll be able to make a lot more money than you think!
2. Day traders aren’t just making gains when they trade
Day trading isn’t just making gains when they trade.
Day traders don’t just want to be getting high returns. Day trading doesn’t stop at making those returns. You want to be earning a profit from day trading no matter how much profit you make, so you won’t have to settle for a small amount of profit at the end of the day.
Day traders don’t even have to sell something at the end of the day to make money from day trading. They could make a profit on their trades while the market is closed, even while the price of the asset they trade is not yet at the peak of its value.
3. Day traders may lose money every time they trade
Day traders aren’t going to lose their money every time they trade.
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