In this video, we will introduce you to day trading.
#daytrading #trader #wallstreetmojo #tradingstyle #daytrader
Chapters:
00:00 – Introduction
00:36 – What is day trading?
01:26 – How does day trading work?
02:47 – Benefits
03:47 – Disadvantages
04:33 – Conclusion
What is day trading?
Day trading is buying or selling stocks or anything else and then closing the position before the market closes, only to book the profits made that day.
The key to day trading is to get in on financial assets that will have a trending day and manage risk properly so that the trader’s capital is not exhausted.
(Explained in detail in the video)
How does day trading work?
In day trading, traders will go long or short in the beginning and close all positions at the end of the trading session.
One can do day trading in any market, be it the stock market, forex market, futures market, options market, or even crypto.
Day trading is a game of supply and demand. Once traders buy up the stocks, the supply diminishes, and it naturally drives the price higher. But, of course, the same would apply to the opposite.
Benefits
No overnight risk
Flexible working hours
High earning potential
(Explained in detail in the video)
Disadvantages
Quite demanding
Involves high risk
Minimum balance requirement
This was all about day trading. Subscribe to the channel, like the video, and share it with others.
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