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day trading, and how is it different from the more traditional approach to investing?
7. How much profit (if any) wóżld Clay Sorensen make if he short-sold 300 shares of a stock at $100 a
share and the price of the stock suddenly tumbled to $70?
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samuelonum1

Day Trading requires that position are opened and closed in one day after the purchase of securities, while traditional approach is investing in an asset that is known

Day Trading

We have higligted above about the disimilarities between Day trading and and Traditional investment.

Short-position

Number of Shares = 300

Price Entry = $100

Price Exit = $70

Profit = (Cost Price - Selling price)/Number of Shares

Profit = (300*100 - 300*70)/30

Profit = 30000-21000/30

Profit = 9000/30

Profit = $30

Learn more about Day Trading Here:

https://brainly.com/question/17284647

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