Day or Swing...need clarification

Hi,

I'm a newbie to the stock market. I wish to do intraday trading. I despertely need to know the following:

If I do day trading with entirely my own money (no margin money at all) and I buy shares in the morning. Do I HAVE to sell 'em off by the end of the day? If I don't do they get automatically sold off? Position being squared off...is that it?

Can I hold those shares overnight or maybe for a couple of days/weeks?

Does delivery take place in the above scenario?

Pleae help me understand!!!

Regards and Thanks in advance.

shosayn

If you are TIGHT on cash ,do intraday trading otherwise
go for delivery based trading.
Stocks that are bought on intraday basis will be squared
off automatically at the appointed time (may be 3.15 onwards).
It is based on brokerage house.