DAY TRADER
A trader who make rapid trades in a day to earn a lot of profit. They often close all trades before the market closes and do not hold any positions overnight. Some even use leverage to see the returns from the small stock price movement. Day trading ,is also known as an easy way to be rich. However, this is rarely the case. The SEC warns, "Day traders typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status." Day traders are handicapped by the bid-ask spread, trading commissions and expenses for real-time news feeds and financial analysis packages. These costs require day traders to earn significant trading profits just to break even.
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