All good advice! However, my original post was not about the pros and cons of any particular strategy. It was simply about the definition of the term "daytrader".
A "daytrade" is DEFINED (at least in what I've read on the subject) as: "A trade in which the opening and closing transaction take place during the same market session."
The reason that is usually stated for this is that the daytrader does not want to risk a price change caused by "between session" news events, and thus is flat at the close of each session.
Now there are all kinds of arguments for and against this particular philosophy. But it doesn't change the DEFINITION of the term.
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