While many factors contribute to the eventual failure of a day trader, one stands out in particular: a lack of trading education.
By definition, day trading means opening and closing your positions within the same day. If you hold your positions overnight, you’re not day trading. Instead you’re swing trading or engaging in some other type of trading.
To read Fausto Pugliese’s personal account of his day trading past—and what he learned from it—sign up for a free one-year subscription to EQUITIES Magazine. To access the current issue of EQUITIES Magazine and more, click here.
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