Some times I do a daytrade for fun. Today I traded Google. Bought 70 shares alongside the 30 I already had and then at the end of the day I sold 80 for a small profit. There were a couple of opportunities during the day to make a few hundreds of profit and I missed them :( Oh well, at least I ended up by a few tens of dollars...
The money for the trade was borrowed on margin using "day-trading buying power". This means you have to close the trade by the end of the day or get a margin call... so it really is pretty much educated gambling on how fast the stock will move in the direction you expect.
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