The day trader is able to post half that amount (and sometimes even less) for his intraday trades. There is no sense in trying to trade the S&P with overnight positions. In day trading, active participation in the trading process requires a real-time data feed and charting program. When considering which of the real-time vendors even provide you with their own "in-house" charting program. Trading the same market and assuming the same strategy on an intraday day trade will typically require much less capital for margin. Day traders look for relatively smaller profits and fewer losses. The position trader will typically have a higher frequency of losers that are small, but much larger profits on winning trades. Transactions in futures carry a high degree of risk. The following points discuss the distinct differences between day and position trading. There is no longer.

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