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Politics : Idea Of The Day

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To: Jerry Olson who wrote (23768)2/23/1999 11:35:00 AM
From: Judy  Read Replies (1) of 50167
 
Morning, Sweets

About daytrading the oex, something for you to mull over ...

I was aware of your hesitation last week on the knockdown of LU, CSCO, INTC, ORCL ... for a position trader it looked like the charts were going to hell in a handbasket. But for a daytrader or flipper, it was buy on the extreme dip due to expiration forces ... one does not watch and twiddle one's thumbs, if you get my drift.

Daytrading is a finely honed skilled, becomes second nature when to pull the trigger. The skills and psychology are much different than position trading, and there will be some interference in your thinking. Index options are touchier than stock options, make sure it fits your trading temperment to daytrade them.

ORCL and BMY, again.
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