Research has shown that day trading can be either extremely profitable or extremely unprofitable. It is said to be very much like a gamble and although some can make a good living from day trading it is not considered lucrative for the average trader.
No it is not only if you are trading someone else's money.
Day trading is the act of trading intraday. There really isn't any difference. Only different terminologies used by different people.
It depends on the type of trading you do. In case of Intra-day - you have to sell your stock by the end of the trading day. In case of BTST Buy Today Sell Tomorrow - you have to sell your stock by the end of the next trading day. In normal share trading - it is T+3 which means you will get your shares only on the 3rd day after trading and hence you can sell only from the 4th day.
Meat. They eat 65 pounds of fresh meat a day.
Delivery based trading is normally considered as a safer approach for trading in shares when compared to day trading. Delivery based trading involves buying shares on a market day and selling them only after receiving the delivery of those shares in demat account.
The Day Trader's Bulletin has an informative article on the realistic possibility of making a living by day trading. Basically, day trading is not easy nor for the faint of heart. One needs enough capital to be able to succeed at it. For the most part, the author advises people to not give up their day jobs.
There are many on-line resources or books to help the beginner day-trader. Examples are "Trading for a Living" by Alexander Elder and "How to Make Money in Stocks" by William O'Neil.
No, after-hours trading is not considered day trading. Day trading refers to buying and selling securities within the same trading day, while after-hours trading occurs outside of regular trading hours.
No, trading after hours does not count as a day trade. Day trading refers to buying and selling a security within the same trading day, typically during regular market hours. Trading after hours is considered separate from day trading.
Only when the bell rings at the end of the day to stop all trading.
Day trading software is effective when used with adequate knowledge of trading and within the specified guidelines of the software developer. Day trading is a financial strategy that allows the purchase and sell of some financial instrument in the same trading day.
Intraday trading or day trading is taking multiple positions throughout the trading day to profit off small market moves. There is a free course that explains all of it here: Day trading or Intraday trading is different than swing trading or position trading because you buy and sell in the same day. Here is a free video explaining the differences between day trading and swing trading. You can go to our blog for free videos that explain the pros and cons of both