Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (75060)	12/12/1999 2:28:00 PM
From: kendall harmon	Read Replies (1) of 120523

HOW MANY DAYTRADERS? Jenna said: <<AS for the daytrading..The media should know there are close to 37,000 daytraders and the numbers are growing. There is a definite new wave of 'education' which will actually undo the damage of firms like Ameritrade, E-trade, DLJ or whatever company makes everyone think its so easy to daytrade.. Then when the daytraders get into 'trouble' they get attacked.>> I would be interested in the source for the 37000 number, jenna. I see all sorts of numbers bandied about in terms of how many and how many of that first many lose money, etc., but they do not seem to be based on any hard and fast definitions or analysis. I would think that at least this number of perhaps as many as 40k or more would be more accurate--it would certainly be more accurate if the definition of an active trader in the proposed margin rules is adopted.

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