Day trading can really be a great money making business. However, like all kinds of business, day trading has its risks. And, the risk in day trading is huge, but, the rewards can even be bigger. Before you start day trading you should first consider a few things. Day trading is a very stressful and expensive full time job. Because you have to monitor and look for market trends, you will sit all day in front of your terminal watching different market movements in order to spot a particular stock that you can trade and profit from.
During your first months as a day trader, you should expect to suffer severe financial losses. This is why you should be well funded. You should have enough financial backing in order to cope with the losses that may incur during your first few months as a day trader. As a day trader, you do not invest. You ride along the movement of the stock and get out of it before it changes its course. You buy and sell stocks in a single day. Always remember, you do not invest in it.