why can t day traders trade mutual funds 
the price of a mutual fund only posts at the end of the day so there are no intraday price fluctuations for a day trader to make use of mutual funds are designed for long term investors and can only be bought or sold through a broker or the fund s investment company the bottom lineintraday refers to securities that trade during regular business hours as well as to the movement in their prices over the course of a day intraday traders use these price fluctuations to execute trades trying to make a profit on small changes in price intraday trading strategies include scalping range trading and news based trading as with any trading strategy these come with benefits and drawbacks intraday traders can use tight stop loss orders to protect their positions and they often have increased access to leverage their positions aren t impacted by overnight news that can affect price changes however their losses can easily mount especially if they use margin to finance their positions and high commission costs from frequent trading can eat into any potential profits 