Do you want to make day trading your permanent job? Day trading is an activity of buying and selling at a broker actively for 1 day. Frequency of trading is usually done several times a day, but without bringing open positions to the next day. Day traders usually use leverage to increase the value of their daily trades.
Ask yourself a few questions Being a day trader is not as easy as what we imagine. Before you switch professions to make this job your permanent job, there are a number of things you should ask yourself, namely:
- Are you ready to sit all day to stare at your monitor screen?
- Are you ready to learn self-taught?
- Are you able to take risks?
- Are you ready to remain committed despite loss?
If you can answer these questions with confidence, then you are one step ahead to become a professional day trader.
You can't guarantee that these things will make you a professional trader. Even professional trader make the above mistakes.
While what you have mentioned are some good points a trader should have, I think, most of it can be achieved by automation and bots.
For example:
Are you ready to sit all day to stare at your monitor screen?
What's the need when a bot can alert you for the target price.
Are you ready to remain committed despite loss?
A bot can help remain comitted to the target price.