Of the Following Statements About a Day Trader, Which Is

question 13

Multiple Choice

Of the following statements about a day trader, which is not correct?

• A) They have a short-term focus.
• B) They may buy and sell on the same day.
• C) They are more risk averse than most investors.
• D) Day trading may be their career.

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Definitions:

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods or services.

Trade Group

A coalition of businesses or professionals within a specific industry organized to collectively advocate for their common interests and goals.

Market

People with both the desire and the ability to buy a specific offering.

Competitive Set

A group of firms producing products or services that compete directly with each other in terms of features, benefits, and prices.