Day Trading Money Management

money management
Ability to distinguish the different denominations of money, count money, make change, budget.
Money management is the process of managing money. It includes investment, budgeting, banking and taxes. It is also called investment management.
Money Management magazine is published by the Financial Times Ltd. It was originally launched in 1962 as the Unitholder and later became a part of the FT Business stable. In 2005 FT Business was integrated into Financial Times Ltd.

day trading
The buying and selling of securities on the same day, often online, on the basis of small, short-term price fluctuations
Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close for the trading day. Traders that participate in day trading are called active traders or day traders.
(Day traders) come to market each day flat (no position) and leave the day flat. Their behavior is very short-term and often emotional.
(Day traders) hold stocks for minutes to hours making numerous trades each day usually with a cursory understanding of the companies they trade.  These investors rely on timing and minimize risk by buying and then immediately selling.