that trading method is used when the trader is going to make a decision within a given context or certain criteria while is strictly mechanical.
is going to hold his position for a long time frame from months to years. It’s really a safe way of investing with a relatively small amounts of capital.
Your trades might take months and the profits will only barely be able to cover your cost of overhead.
This type of trader is more skilled and flexible as Intraday trading requires experience – lots of it – especially focusing on order entry techniques and a deep understanding of exit points as he is trying to make profits from a small change in prices with rapid trades during the trading day.
And usually he tries to close all his positions before the market closes and doesn’t leave any open positions overnightandIntraday traders base their trades on strategies such as
As I mentioned before, they attempt to profit from small – short term – movements so it would be difficult to earn large sums without large amounts of investment capital or the use of high leverage. These traders also spend a lot of money on commissions so they must gain enough from their trades to make profits after commissions.
Day Trading is also known as “the get rich quick strategy” and the biggest advantage of this trading style is that you can have many more trading opportunities than a position trader.
You need a lot of experience and very precise execution.
You need to dedicate most of your time to trading and trading related activity, and that time is going to be difficult and stressful.