Day Traders only trade during one single day and close out all their positions before the market close. Their charts are set to one to five to thirty minute intervals.
Day trading is probably the most exciting part of playing the market. Even though it sounds like you have to sit in front of your charts from 9:30 am until 4, in reality, you can be done by noon and still have the full day. But if you truly love it, you definitely can enjoy a full day of trading.
The saying goes – ‘Successful day traders are out before lunch, the ones recovering their losses sit until the the closing bell.’
To be a full time day trader, it is highly recommended you take a course before committing to this career path. Although, if you want your money to work for you, I believe everyone needs to take a course!
Marina 'The Trader Chick' Villatoro