Map of Mohammedia on Some online traders simply do a few trades a year for the decrease in trade costs. These traders do not enter and exit trades within a few minutes, nor do they constantly watch every tick of the market. They are more passive to their trading with a defined short- and longterm plan. The other group, however, is far more interesting as they are more active.
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As we discussed earlier in the book, active traders are commonly referred to as daytraders or momentum traders. They tend to use direct access brokers and are in and out of stocks many times a day everyday. Their risk management skills often relate to exiting stocks quickly to avoid sustaining big losses and they rarely hold stocks overnight.
Map of Mohammedia 2016.