If you decide you want to stay overnight or even hold your trading position for several days, or even weeks you have now crossed the line into what is called a Swing Trader.
But if you want to go for the long haul and hold it for months, or years, you are no longer a trader but an investor. A long term investor.
The main difference
Investors, shareholders, are more like part owners. If you own a stock and are holding on to it, you are technically part-owner of the company.
For example, my day trades don’t last more than 15 minutes. I don’t have the stomach to see the market go into indecision mode. I love being in and out quickly.
Related Read: Difference Between Trading and Investing
So if you have any questions you can always ask me at traderchick.com. Come to my Facebook group and introduce yourself, let me know your experience with trading.
Are you ready to go beyond basics, learn day trading and start your dream life – check out MY Courses.