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Day trading for a living happens when you take a position in the markets with a view of selling out of that position before the end of that day. Day trading for a living means a trader typically trades frequently during a day searching for fractions of a point to a couple of points per trade, however, by the end of the day they will close out all their positions. The goal of the day trader is to take advantage of price movement within one trading day. Different from investors, the day trader will hold positions for only a short period or minutes, and never overnight.
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Scalpers- This type of day trading necessitates the fast and recurring selling and buying of a large number of stocks in a few minutes or seconds. The objective here is to make a tiny per share profit on each financial transaction while minimizing the risk.
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