User:Will de Lucy & Piers Curran/Intraday trading

Intraday – pronounced in-tra-day adj. occurring within a single day

Definition - Intraday trading is trading on short term moves in the market, which takes place during the day. Day traders may hold positions of overnight trading, whereas intraday traders do not maintain positions overnight.

Stereotype - The typical stereotype of an intraday trader back in the eighties before the recession was that of a greedy yuppie talking wildly into their oversized brick of a mobile phone.

Today the intraday trader has taken a step back from the stressed out eighties type and is instead required to have a focused, collected and humble approach. There is no room for a big headed attitude as the speed of the ever-changing market can easily take you down.

How to be a trader - You have to be a jack of all trades. You need to know about politics, economics, even the weather.

Edwin Lane, Business Reporter at the BBC gave trading a go for the day with Amplify Trading, a trading floor based in Canary Wharf, and concluded “to be a trader, you need to be on top of new economic data or other news releases, and how the markets could react.” Lane, E (2010)