SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bridge Player who wrote (7924)6/2/2000 12:12:00 PM
From: PAL  Read Replies (1) of 8096
 
BP:

I believe the successful daytraders are the ones like you describe: closing the position at the end of the day. this is just like forex traders of banks: no overnight position or having a position within a certain limit.

unfortunately, many daytrading firms are catering to novices who are afraid to take a loss, and keep the position overnight hoping for recovery the next day. little that they realize, a quality stock like qcom can have 7 out of 8 downdays in heavy volumes. the stock will recover, but the damage has been done due to margin call.

Paul
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News