It is possible to trade 24 hours per day. Day trading can be a lucrative career for those who master the system. It is important to note that day traders are not investors. They are not interested in long term performance. Day traders move quickly and are concerned about now. They desire to keep profits at a maximum and lose to a minimum in the fast paced world of trading. Although not typical, a day trader can easily make several thousand dollars in only a few minutes. Success is often dependent upon passion for the business. It is also dependent upon an ability to handle stress and pressure and handle a lot of data when it comes to making trades on the margin with, for example, trading hot penny stocks . Traders must be able to accept loss and move forward. Expertise is only gained from learning and experience. Therefore, the day trader must be willing to become a student and consistently refine skill.
Those who desire to pursue a career in the business must be prepared for the “highs” and “lows” of the business. There are several Internet resources that will assist budding traders with basic knowledge regarding the career. Those seeking careers can also align themselves with traders who have achieved long term success. Potential traders should also consider swing trading which is not as fast paced or as volatile as the business of day trading. Regardless, day trading is not for the faint of heart. It requires tough skin and a war like mentality.