Deepak DigiTech

  Day trading is widespread and many are dreaming of striking it rich. The chances of hitting it rich should be better than ever before, right? Free commissions, crypto trading, plenty of news, bells, and whistles make sure of that? You can even put up much less money than if you do swing trading or long-term investing. Is there any reality in this? Let’s look at some of the  pros and cons of day trading . The pros of day trading are high turnover of capital, potentially fewer and smaller drawdowns than investing, you can utilize leverage, and you can exploit the law of large numbers to your advantage. Sadly, there are cons of day trading too: you can’t participate in the long-term upward drift in most assets, commissions and slippage can be ruinous, and you need to devote a lot of time (opportunity cost).  The chances of striking it rich as a day trader are very slim. Most likely, you’ll end up poorer than you started unless you have a clear plan for going about it. You need a define