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:
“The saying, “The Magyar is much too lazy to be bored,” is worth thinking about. Only the most subtle and active animals are capable of boredom.—A theme for a great poet would be God’s boredom on the seventh day of creation.”
—Friedrich Nietzsche (1844–1900)