![]() ![]() Day traders close their positions on the same day, so they monitor the daily movements in stock prices. Whereas, long-term investors need to spend a considerable amount of time researching the company. Intraday traders have to commit at least 2-3 hours daily. Read more: 5 Mistakes to avoid when trading in Equity If you are a beginner, read on to know some factors to decide which trading strategy. The decision to become a long-term investor or an intraday trader depends on the skills, investment goals, personality traits, etc., of the individual. You need to do thorough research about the financial performance of a company before making an investment decision. This is a buy-and-hold strategy rather than quick selling. This means holding on to your investment for months, at times even for years. This strategy can be challenging for beginners as they may not have strong technical skills. This trading strategy takes advantage of short-term market fluctuations in an asset's price, and all positions are closed within the same trading day. Intraday traders do not hold any position overnight, i.e., they buy and sell within the same day. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |