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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1813)	7/13/1999 12:51:00 AM
From: JB2	Read Replies (3) \| Respond to of 18137

Actually O'Neil says what he thinks right here in Ch. 11, in bold letters: Do Not Day Trade "One type of stock trading you definitely do not want to engage in is day trading, or day-to-day trading, where you try to buy and sell a stock on the same day. The reason is simple. You are dealing with minor daily fluctuations which are much harder to determine than are basic trends. There is not enough profit potential in daily trading to offset the commissions you generate and the inevitable losses that occur." Talk about a blanket statement. This sounds like something the SEC would like emblazoned on a door plaque in every daytrading shop right about now.