This chapter explains that as a beginner, one should start with an awareness of the distinct separation of day trading from investing. One should be clear about which one is interested in, and just how well‐honed one's skills are. One may find that sorting out these questions requires some headwork, because day trading has come to be associated with a variety of workplace scenarios. Day trading is defined as the buying and selling of a security within a single trading day. Once one is clearer on what a day trader is and does, and also what a day trader isn't and doesn't do, one's immediate priority should be to ascertain one's skill level. This chapter highlights several questions one should ask themselves such as how often does one trade, and how profitably and how much is one trading in capital and leverage