What is Day Trading?
There is no absolute definition of what day trading is, however it can be described as the buying and selling of a single security within the same trading day. All trading positions are closed out prior to the end of the specific trading day and as such there is no overnight risk to consider.
Long-term investing, on the other hand, involves analyzing the performance of many instruments and choosing the ones that appear to have the best potential. A long-term investor expects to hold an instrument for at least a week and must be confident of the instrument’s ultimate value so as to be able to tolerate interim periods of both lows and highs.