The first and foremost consideration for day trading is market selection. The following points discuss the distinct differences between day and position trading. There are over 100 indicators available for all the charting programs marketed. The day trader is more of a Technician - while his counterpart, the position trader however, intraday activity of a market has less significance than overall market behavior and direction. The data in Figure 1 shows you that if you have the right methodology and systematic approach, you can certainly make a considerable amount of money in this particular arena. A relatively small market movement will have a proportionately large impact on your account. This is based on research of S&P daily price ranges from 1998 to 2002 (last 200 days in 2002). The cost of these essential components can be quite substantial. When you evaluate a day trader has. It.

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