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What does a day trader do?

A day trader actively buys and sells securities, often multiple times during the day, but without carrying any open positions to the next day. All buy and sell positions taken during a trading day are squared off on the same day before the market closes.

What makes a good day trading stock?

Typically, the best day trading stocks have the following characteristics: Good volume. Day traders like stocks because they’re liquid, meaning they trade often and in high volume. Liquidity allows a trader to buy and sell without affecting the price much. Currency markets are also highly liquid. Some volatility — but not too much.

How do I start day trading?

Day traders should consider starting small, keeping their day jobs and only using money they can afford to lose. Popular day trading strategies include range trading, spread trading, fading and momentum trading. The stock market is the most active market for day trading — particularly in the first few hours and last hour of the trading day.

What are the different types of day trading strategies?

Popular day trading strategies include range trading, spread trading, fading and momentum trading. The stock market is the most active market for day trading — particularly in the first few hours and last hour of the trading day. Position sizing, planning and practice can help control the risks of day trading.

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