Momentum Daytrading - Tricks of the Trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Wolff who wrote ()	6/21/1998 5:16:00 PM
From: Street Walker	Read Replies (1) of 2120

*When to hold a position overnight.* The primary objective of this thread is to provide a forum where daytraders can discuss specific, high percentage daytrading strategies and techniques. To all: Lets get focused once again. Here's a tidbit: As a daytrader, how does one decide whether to hold a stock overnight? Here is one observation. If the stock is rising on a "story" appeal, towards the end of the day, mm's will recognize the volume and appeal and drive the stock lower so they can acquire shares for the gap and further run. This is the tricky part - trying to determine how big a "story" you bought in to (cancer news, viagra, buyout rumour, fountain of youth, etc.) What observations have others made to determine whether or not to hold a daytrade position overnight? Another aspect of holding trades overnight, some trading firms will not allow you to use the money from that overnight hold until the day after you sell. Look at the SOES TRADING thread for my explanation of this. (I left one firm because of this.) Street Walker

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next