The act of purchasing and trading stock on the same daily is called daily trading. Daily trading can be highly risky for traders who are new and seek to make significant profits by leveraging large capital to seek small profits in highly liquid stocks.
Let us explore some facts about daily trading that every trader should know before getting started.
1. Be prepared for the worst
Daily traders typically suffer severe financial losses in their first months of trading, and many never gains profits. So only risk that money which you can afford to lose. Daily allowances should not be spent in daily trading because daily trading initially rarely earns a living.