DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Cash who wrote (10511)	10/29/2000 11:45:33 AM
From: OZ	Read Replies (2) of 18137

Market makers are daytraders and they (some) take positions overnight. I think a daytrader is someone that tends to his stocks each and everyday. Almost all of his trades take place on the single day as you say, but during certain setups (which is usually in the minority), they will take on some positions overnight. I think those trades were not Day Trades but the trader is still a Daytrader. Their time frames is still in "DAYS" and not weeks or months. If a Daytrader has a certain trailing stop method that just happens to keep them in the trade overnight after an already nice move and then realizes more profit after a gap.... how does that make him cease to be a Daytrader. It actually would seem to imply a better trader if on par he comes out with a bigger gain. Most swing traders either get stopped out on most of their trades on the SAME day or get out for some other reason as compared to the few remaining horses that they let run a bit longer. So most their trades are Day Trades too. IOW, many of a "Daytraders" trades are not or do not have to be "Day Trades". It is not IMO "a totally different thing". regards, Oz

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