Day trader refers to the hold time that a trader, trading in capacity of speculator, buys and sells financial instruments (e.g. stocks, options, futures, derivatives, currencies) within the same trading day, such that all positions will usually be closed before the market close of the trading day. This trading style is called day trading. Depending on one's trading strategy, it may range from several to hundreds of orders a day.
Read more about Day Trader: Types of Day Traders, Pros and Cons, Markets For Retail Day Traders
Famous quotes containing the word day:
“Jesus would recommend you to pass the first day of the week rather otherwise than you pass it now, and to seek some other mode of bettering the morals of the community than by constraining each other to look grave on a Sunday, and to consider yourselves more virtuous in proportion to the idleness in which you pass one day in seven.”
—Frances Wright (1795–1852)