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Strategies & Market Trends : Trading For A Living

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To: Banacek who wrote (334)6/1/1998 7:32:00 AM
From: LastShadow  Read Replies (2) of 1729
 
Day Trading vs End of Day (EOD) Trading:

Day trading, in the strictest sense means that one enters and exits a stock intraday - all in one day, never holding overnight. In practice, however, many day traders hold stocks overnight if the market is strong and the equity justifies it. End of Day (EOD) Trading is when one obtains their stock data after the close, and then places orders after hours to enter new stocks or exit those one is holding. EOD trading can utilize limits and stops to enter and exit intraday, although the primary elements are using data files after close (real time or delayed stock data are not required) and there is no hold limitation.

Back in March I posted a series about Postion Trading using end-of-day data for folks who are unable to trade intraday (ie - they work). That portfolio generated about 20% for the month on a $35k account, with all limit entries and exit stops posted the night before. At theend of the month I posted a summary in three partws on how to set up such an account and manage it. I'll look up the posts if you want. It was on the market gems thread.

lastshadow
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