Day traders online are NASDAQ, right?

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Old Dec 7, 2017, 7:59am   #1
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Day traders online are NASDAQ, right?

Day traders online are trading in the NASDAQ and not NYSE, right?

Sorry for my ignorance...
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Old Dec 7, 2017, 9:08am   #2
 
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Originally Posted by Tesla.Lee View Post
Day traders online are trading in the NASDAQ and not NYSE, right?

Sorry for my ignorance...

You can day trade online stocks in both the NASDAQ and NYSE. Apart from seeing the Exchange displayed in the various broker screens it's really transparent i.e. same process, same screens. So I can trade EW - Edward Lifesciences Corp [NYSE] in exactly the same way as trading MSFT - Microsoft Corp [NASDAQ].

The definition of a "Pattern Day Trader" can be seen here:
http://www.finra.org/investors/day-t...nts-know-rules
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Old Dec 7, 2017, 9:42am   #3
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Tesla.Lee started this thread Thank you so much for that Charlton !
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Old Dec 12, 2017, 1:00pm   #4
 
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Daytraders trade all kinds of Instruments like Stocks in the NASDAQ or NYSE, Forex, Crude Oil - whatever you like trading.
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Old Dec 12, 2017, 6:15pm   #5
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Originally Posted by Tesla.Lee View Post
Day traders online are trading in the NASDAQ and not NYSE, right? . . .
Hi Tesla.Lee,
Not exactly, no. Day traders operate in the (very) short term, but they're not restricted to any particular market or exchange (in the case of stocks). Their trades last from a few seconds to a few hours but, come bedtime, they're 'flat', meaning that they have no open or pending positions and, therefore, no exposure to overnight risk.

Swing traders carry trades overnight and, sometimes, over weeks. Position traders may hold trades for many months. These traders can wake up in the morning to find that their traded index, stock, commodity or forex pair has moved massively overnight and their day has got off either to a fantastic start or, possibly, to a disastrous one.

This article covers this in greater detail: What Style of Trader Am I?
Tim.
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Old Dec 18, 2017, 5:15am   #6
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Thank you for all the posts!

Tesla.Lee started this thread Sincere thanks to all those educated me...
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