First off, a day trader is someone that holds a stock or position less than a day which is 6 ½ hours, since the trading day last 6 ½ hours. So you can hold it for 20 minutes, you can hold it for an hour, you can hold it for five hours.
It’s totally up to you, you can hold if for a minute. It doesn’t matter, but it’s less than a full day. That’s what a day trader is and that’s what they do. Whereas a swing trader holds a position for multiple days, two, three days, a week, a month. For longer-term position.
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Posted at: https://tradersfly.com/blog/advantages-and-disadvantages-of-being-a-day-trader/
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