Day trading is generally referred to as the trades or positions that are opened and closed within the same day. Traders usually use market indicators, chart patterns, and technical analysis to determine when to enter and leave a trade. With the help of multiple strategies, the investment or the purchases are being done within minutes and can be on hold for up to 24 hours.
Day traders, who seek to profit from intraday price fluctuations across a variety of markets, including stocks, currencies, commodities, and cryptocurrencies, do not hold trades overnight, in contrast to long-term investors. But remember, because of their crazy volatility, there’s also a risk of manipulation by traders trying to make a quick buck. So, while crypto day trading can be thrilling, it’s definitely not for the light-hearted.
