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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (1143)	11/25/1997 7:17:00 PM
From: Harry Ehrlich	Read Replies (3) of 12617

irby; quick question on day trading. From a strict point of view, a day trader closes out his positions at the end of the day. This guards against gap downs based on after the bell news. But suppose you you entered a trade that exploded to the upside. Chances are the stock will gap up the next morning. Let's say your stock pick had all the markings of a winner: broke the 50 day ma, had a wide ranging day, hit a new two month high, had good news, etc, etc, etc. Wouldn't you hold that position overnight? Or sell half, hold half. It seems that the close out rule is a bit severe and can limit gains. What do you think? Harry

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