Characteristics of Day Traders?
Few would consider day traders to be normal, everyday people.
Most successful day traders do not play the stock market for the money. They are in the market to beat the game. They have a deep fascination with the movement of stocks, and they tend to analyze all the reasons why the market acts the way it does until they have an answer. Day traders are most rewarded by the mental satisfaction they experience when they outwit other players in the market.
True day traders are not gamblers; they are professional speculators playing the odds. Thus, they do not follow the herd and they tend to look at things from a contrary perspective. If someone gives a day trader a tip to buy a stock, he does not immediately start thinking about why he should consider buying the stock, he thinks of all the reasons he would likely not want to buy it. He might even look at it as a short-sell candidate.
Day traders tend to be loners in thier work, who play a solo hand and make their own trading decisions.
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