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Closing an investment position before the market closes on the same trading day is called intraday trading. Day traders try to take advantage of the regular price fluctuations of a security and earn profits by opening trade positions according to the trend. Intraday trades involve high risks and require you to have a good amount of experience trading in the market. You do not get the delivery of the shares in day trading and hence, get to save on the delivery charges imposed by brokers.