Short trading means researching and picking stocks for future quick trading activity on your own account with a rather speculative attitude. Each trading strategy requires one to define assets to trade, entry or exit points and money management rules. Bad money management can make a potentially profitable strategy unprofitable. Moreover, the bid price is the price at which the underlying currency is bought by a broker and sold by a trader. Ask price is the price at which the underlying currency is sold by a broker and bought by a trader. Trading doesn't need any hype so if you have experience and know the strategy then you can make profit from trading at any time.
Short term trading does call for understanding the market and making correct decisions very fast. Since it is a speculative market, buyers and sellers in the market must be willing to deal with fluctuating prices, especially over the short run. Knowing which assets to invest in, and when to get in and out, and following good money management protocols greatly lowers risk. Lack of sound money management can easily result in a overly leveraged or failing to deal with losses and thus what was initially a good idea becomes a bad one. Hence, discipline to carry out an envisioned plan is always valuable in short-term trading.
On the other hand, bid and ask prices are also among the most important things that anyone must know as a trader. Bid depicts the maximum price that a buyer is willing to pay while ask depicts minimum price a seller is willing to sell. The space between these two prices is what is called the spread and is one of the concealed costs that must be noted by traders. Furthermore, people need to have in mind that trading is not a kind of a sport where one can wait for an adrenaline rush. Such things as experience and profound knowledge of the strategy will enable understanding of the need for good management of emotional components and thus we will be well grounded to profit in the market comprehensively.