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Advantages and Disadvantages of Being a Day Trader

I want to share with you the advantages and disadvantages of being a day trader. If you want to trade stocks and looking to become a day trader, it’s important to understand what you’re getting yourself into and the advantages and the disadvantages. So in case you want to change and become a swing trader, then you’ll at least know the reason behind it.

First off, a day trader is someone that holds a stock or position less than a day which is 6 ½ hours, since the trading day last 6 ½ hours. So you can hold it for 20 minutes, you can hold it for an hour, you can hold it for five hours.

It’s totally up to you, you can hold if for a minute. It doesn’t matter, but it’s less than a full day. That’s what a day trader is and that’s what they do. Whereas a swing trader holds a position for multiple days, two, three days, a week, a month. For longer-term position.

#daytrader #daytrading #stockmarket #daytradingstocks #daytradingadvantages

Posted at: https://tradersfly.com/blog/advantages-and-disadvantages-of-being-a-day-trader/

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Tradesfly is focused on me sharing my experience and knowledge about trading options. Although we include videos related to other areas of trading, the primary focus is trading options. If you are serious about learning to trade options for selling premium, creating spreads, be sure to subscribe to the channel and join our discord group.

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All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.

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