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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: Dave Twibell who wrote (219)8/17/1998 8:42:00 AM
From: Terry Whitman  Read Replies (2) of 1561
 
I'm sure it can be be profitable on occasion- but holding a position overnight is not daytrading, it's position trading. By definition, a daytrader never holds his positions overnight. I'm not saying position trading is wrong, it's just a different animal. I do both, but when you go into a position as a daytrade, you must have the discipline to get out the same day.

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