Advantages and Disadvantages of Being a Day Trader
★ SUMMARY ★
Hey I’m Sasha Evdakov and this video I want to share with you in the advantages and disadvantages behind 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. Where as a swing trader holds a position for multiple days, two, three days, a week, a month. For longer term position.
Posted at: http://tradersfly.com/2014/04/advantages-disadvantages-day-trader/
what i want to know is cant you be both? a day trader and a swing trader at the same time?
Thanks so much for the useful video. I learned a lot. I'm only a beginner in trading and investing.
This guy is a creep
also when your still under the PDT rule you don't have as much information as others have about the stock you're trading.. it's important to know because it kind of keeps you handicapped, or it's like driving with your eyes closed every 5 seconds.. once you get to level 2 you have much more information about the availability asked trades and prices.. it's important to know..
Sasha, really to the point and easy to absorb information the way you put it. I am just beginner, where can I get all the software and tools to start trade? and which stock markets can you trade in? I am living in Ireland, can I trade freely anywhere in the world or does it depend on your broker?
thanks good content
If you day trade, do you have to pay tax every time sell? Because right now, every time I buy shares, I pay the bank $9 per trade. How can I buy/sell shares for free?
Bro you're like the only one I mess with
Excellent video…thanks for the information.
Well, you can use the daily and weekly support and resistance for day trades. Like if you see a daily or hourly bear flag, that will be fairly solid for a daytrade breakout.
wow sasha thank you so much for this video. It really helped out a lot, im a 17 year old young man and im not a day trader, yet…. but i am just really trying to soak up as much information i can about it and hopefully by november i start. ive been watching videos and researching a lot for about 5 months now and i have to say this has been one of the best videos ever!
Sasha. Love the vids. Question for u… Day trade pattern rule. I do not trade with margin and I do not have more than 25 grand in my account. Does the Pattern Rule apply to me??? Thanks and keep up the great videos!