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A day trader is one who makes trades on multiple stocks within the span of a single trading day. Knowledge and experience play a huge role here, as may analytics, expert reports, and being attuned to the day’s events. The day trader makes a profit based on the volatility of stock prices through a day.
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Intraday trading rules are guidelines for buying and selling financial instruments within the same trading day. These rules include setting entry and exit points, limiting losses, and avoiding emotional decision-making. Traders should also closely monitor market trends and news events, as well as manage their risk by using stop-loss orders and controlling their position sizes. Successful intraday traders often have a solid trading plan, discipline, and a deep understanding of technical and fundamental analysis. Read the article to know more.
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Warren Buffett estimates that 80% of his workday is spent reading and thinking. He is so successful at share markets that he has been the richest man on Earth, twice. And when someone asked him how to get smarter, he said "Read 500 pages ... every week. That’s how knowledge builds up
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