Therefore, don't day trade with money you need to live on to cover such things as your mortgage, food, and utilities. Rather, they take risks, much like gambling. They tend to hold stocks for a very short period of time and often don't hold them overnight. They try to take advantage of upward movements in stock prices. Life will be expensive and stressful.
Day traders tend to watch stocks on the computer all day long.
Then, as they trade, they are incurring fees for each buy and sell order as well as short-term capital gains on their earnings. This can really add up. Day traders often trade with borrowed money. Many day traders buy more stocks by borrowing from their brokerage firm. Day traders need to understand the risks of borrowing from their brokerage firms, because the end result is that they may end up actually getting into serious debt.