The Day Trader
A day trader is a person who exercise day trading which means the practice of rapidly selling and buying of stocks. Day trading is a high risk investment with the hopes of gaining high profits over the seconds or minutes the trader owns a specific share before selling it. It is more like a gamble where day traders wait for the next big leap in the market before selling or buying their shares. Day trading is being favored by online traders or casual traders (at home traders) because it is quick and challenging.
Basically there are two kinds of day traders: the institutional and the retail day trader. The Institutional day trader is one that trades shares or stocks for big financial institutions. He is more like an employee of that company. He also makes use of sophisticated computers and trading software and peripherals in order to manage his work more effectively. An institutional day trader often trade huge amount of capitals in hope of acquiring equally or more huge profits for the company.
A Retail day trader is a person who trades for his own account and shares. He uses his own money for trading that is why he is not answerable to anyone lest his activity suffered losses. The good thing about being a day trader is one gets to keep the profits for him and he can transform his home into his office, coming to work in his pajamas. Retail day traders, since they are working for themselves can come to work in sneakers since he is a casual trader at home.
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Coming from a retail day trader who has been in the business for almost 10 years there are advantages and disadvantages of being a retail day trader. One advantage is that people tend to do this for the wrong reason and that is because day trading is known to acquire quick profits in a matter of seconds. Day traders are also exposed to health related problems due to the longer hours of typing and staring at the computer screen for market rises.
A retail day trader is like an ideal job for everyone because you get to watch your finances grow without you working and just staying at home. It is very favorable for people who would want to save on transportation costs on working and for those who would just want to stay at home watching their money grow.
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