Day traders are individuals who buy and sell financial instruments, such as stocks or options, within the same trading day. Their goal is to capitalize on small price movements, often making multiple trades throughout the day. Day traders typically use technical analysis and charts to make quick decisions, relying on market trends and patterns to guide their trades.
To be successful, day traders need a solid understanding of the market and a well-defined strategy. They often use tools like stock market platforms and real-time data feeds to monitor price changes and execute trades swiftly. Risk management is crucial, as day trading can lead to significant financial losses if not approached carefully.