Bone Up: Beating The Bulls In A Day

First things first – day trading is not the same as investing. As the name suggests, it basically means entering and exiting the trade on the same day, one or multiple times. It is a very risky game for newbies and requires a very well sought out strategy in order to make it work. “Trading in stocks, commodities or currencies entails initiating a buy or sell position and closing that position by way of profit or loss over a period of specified time. However, in day trading, the trader initiates a long or short position and has to close the same within a short span of the trading day. He or she will be executing various positions during the course of the trading hours for that particular session with the key objective of closing all positions before the day or trading session ends,” pointed out Amar Singh, Head Advisory, Angel Broking. Who is day trading meant for? To...