One of the best benefits of day trading is that you avoid overnight risk. Overnight risk refers to the fact that when you hold a position over night, your money is exposed to major unexpected moves while the market is closed and you're sleeping.
You can amass millions of dollars in long-term investments with little impact on performance, whereas day traders will likely start to see a decline in percentage performance even with an account of several hundred thousand dollars (it becomes harder to deploy more and more capital on trades that only last minutes).
Cons The bottom line is that day trading carries a high risk.
There is never a guarantee that you will make money.
In fact, according to the U.S. Securities and Exchange Commission, "day traders typically suffer severe financial losses in their first few months of trading." Day trading is expensive.Mar 28, 2012
With the rise of online stock brokers like Robinhood and cheap or free trades, day trading became a viable (albeit very risky) way for retail investors to turn a few days' worth of quick wins into a substantial bankroll. ...
In practice, however, retail investors have a hard time making money through day trading.
Boxlight (NASDAQ:BOXL) stock fell 3.98% to $1.45. This security traded at a volume of 310.3K shares come close, making up 6.89% of its average volume over the last 100 days. The company's market cap stands at $21.0 million. As per the press release, Q3 earnings came out today.
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