What is the difference between short-term swing trading and a day trader?
A third type of trader (see 1 and 2 above) is the intraday trader or sometimes called a ‘day trader’. This is a person who is doing very short duration trades and is in and out of a position during the course of one day. An intraday trader must be watching price movements during the day and is therefore a slave to his computer. He has a short time to make a decision and must act quickly. Day trading can be stressful, because usually large leveraged positions are taken in an attempt to profit quickly. This involves increased risk and loss when the trade goes against you. Most day traders lose. Since Best Choice is an end of day program, it is not designed to accommodate this type of trading. Best Choice is designed so that a person doesn’t have to watch his computer all day and can have a job, hobbies, or generally have a life without being a slave to your monitor and stressed out over the markets.
