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Non-Tech : CYBERTRADER
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To: Chas who wrote (2106)3/22/1999 6:46:00 AM
From: wily  Read Replies (3) of 3216
 
Speaking of Momentum Trading, there was an NPR piece on daytrading last week in which they interviewed a few traders at a trading room called Momentum Securities.

One trader, a newbie, had done over 2000 trades that day, all on DELL, moving more than 2 million shares, or 1/39 of the total volume in the stock for the day. He had lost $20K in the process -- wonder where the money went?

wily
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