What is Day Trading?
Day Trading also known as Intraday Trading is one of the 4 the most popular trading styles. It means buying and selling the same instrument in one day. Daily Traders usually trade 2 trades per day. The number of trades depends of market condition and their Day Strategies.
Trading Styles:
- Scalping
- Day Trading
- Dwing Trading
- and Position Trading
Day Trading Assets?
The most common question is: “What are trading assets/instruments in Intraday”, “Can I trade Stocks?”, “Can I trade Crypto” etc. DayTrader can trade any market or asset and you will be consider as DayTrader if you are buying and selling in single day. So the answer is YES!You can trade anything:
- Stocks
- Forex
- Crypto
- Oil
- Gold
- and so on…
Who are Day Traders?
The question sounds silly, right? They can be anyone. But I want to point something else. After they close floor at New York exchange, Almost all floor traders move to trade from home or office using PC. Back then besides them there was not so many traders. After dot com boom and Crypto “revolution” there is more and more traders.
Second category are Bank Traders. All major banks on global level hiring tens of traders. They are running “smaller” portfolios on daily basis. Size of portfolio depends on their performance. They are working for small base salary and percentage on performance.
Those two groups are the biggest professionals in the industry. Third one group are mostly entrepreneurs and highly educated people who shows a lot of interest and passion for this industry they invest a lot of time in learning and trading training.
Fourth group would be the next generation of traders. Anyone who shows interest have access to knowledge easier then ever. For example 99% of crypto owners start to trade already. The guys from NFT space too and regular folks who are interest in trying to learn and become profitable.
Before we continue I highly recommend you to watch “Floored” documentary. Documentary was publish at 2000, that was year of transition for floor traders.
Day Trading Strategies
Again there is again a lot of question on this topic. What kind of strategy Intraday traders using on daily basis. In fact nothing has changed. Check the list below:
Price action trading is also their weapon. This is technique of reading current market movements.
Image credits: freepik.
