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

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To: steve goldman who wrote (2361)	1/12/1998 9:32:00 PM
From: Richard Estes	Read Replies (2) of 12617

"As well, we probably don't hear much from those traders who did take stocks home time and time again because they probably crapped out and no longer frequent these boards." I am still here, looking for someone to define: How they pick a stock to buy for a day? and why? how do they decide when to sell? and why? I haven't seen this, the only thing stressed is don't hold overnight or the world will fall on you. If there are people daytrading stocks, I assume they make up .000001 of the public and as Irby says most will fail. What is that wet behind your ears showing? What do you consider a big gap down? 1-2%? How often does that happen, do you have any data on that? Why would you as a broker suggest to clients that they buy and sell each day? Would a broker make money off each sale? 255 trades a year X $50 a turn is $12,750, if your company charged a $25 commission, does it? But you have been doing this since you were 12 years old and you consider it good advice.

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