Day trading is one of the strategies used by many traders today to augment their income. They consider it as a way to earn money from the market floor easily. It is true that day trading can really get you rich fast and it is known that some day traders have earned more than a million dollars in a year just by day trading alone.
However, day trading is very risky and it has been known that there are people that have been bankrupted by day trading alone. Even professional traders and financial advisors don’t recommend this kind of trading. They say that no matter how big the reward day trading can give you, you just can’t justify the risk.