DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Threei who wrote (10508)	10/29/2000 10:12:19 AM
From: Cash	Read Replies (3) of 18137

Historically, Oct. & Sept. are the worst months in the market, so in Nov. we should do the historical rise. Anyway, the last few weeks volatility is EXACTLY what daytraders want. The big down days were some of the most profitable days our firm's daytraders have had. The big bounces were damn near as good. While there was blood in the street for people who hold positions, daytraders were going in with baskets collecting the money in the street. But keep in mind that when I say DAYTRADER I mean DAYTrader. Start out flat, trade throughout the day, go home flat (and sleep well). If you carry overnight, you're swinging and that's a totally different thing. While it's a valid and can be quite profitable style, it's NOT daytrading. (It also annoys me that the media calls these people who take overnight hits daytraders when what too often happened is they took a position home and came in to an ugly hit in the morning - that's NOT daytrading! - Day means market open to market close, not a 24-hour period. I'd like to see them find as many people who took as big hits in a day strictly DAYtrading). Anyway, time to get down off this soapbox.

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