The professional day trader is a person who trades stocks in the office of a registered broker dealer. With the right amount of training, experience and communications, some of these traders will eventually trade remote from their homes...
Day trading by definition means that you end each day flat, meaning you go home without any open positions at the end of the trading session. Day trading is not taking home 500 shares of NEON at 44 on July 6, 1999 (see number 1 on chart) and watching it open on July 7, 1999 at 18 3/8 (see number 2 on chart). As you may recall, New Era of Networks, Inc. (NEON) announced a large earnings shortfall after the close on July 6, 1999. I use NEON as an example of the problems you can face by not ending each day flat.
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