Which of the following terms best describes a day trader?
A) Speculative
B) Long-term perspective
C) Money market maker
D) Buy-and-hold mentality
E) Illegal gambler

Question

Quizplus · Accepted Answer

A day trader is someone who engages in speculative trading, which involves buying and selling financial instruments (such as stocks, options, and currencies) rapidly in order to profit from short-term changes in price. Day traders generally do not hold their positions for longer than a day or two, and may make many trades over the course of a single day. They are known for taking on high levels of risk and using advanced trading strategies, and often rely on technical analysis and charting tools to make their trading decisions.

Which of the Following Terms Best Describes a Day Trader