As a day trader, You can set a target for today, and another tomorrow while the profits keep compounding with Good money management and risk system. As a day trader, you can earn and compound as many times the profits and targets of monthly trader. As a day trader, you can make much profits in short period of time frame and decide if to continue or just rest for the day. With that being said, To be a Day Trader, You must have no other Job But Trading As a Full Time JoB.
Oh intraday trading is one of the most commonly used. Including me. lol. And if I fall under the news wave, then the profit can be increased almost 2 times immediately. It doesn't happen often. But when this happens, I can say that the day was a success. 😄😄
There are four trading styles in the forex trading business, scalping, intraday trading, swing trader, and position trader. Each trader has their own option to choose the suits trading style, some traders may prefer works scalping, and another trader maybe prefers work as an intraday trader, each trading style has advantages and disadvantages but all goal is to make a profit.
Day traders take a position in a stock at one point during the trading day and then close it out before the market closes. The day trader may have a brief capital gain if the stock's price increases while they own it.