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

To: Dave O. who wrote (7043)	2/27/2000 1:54:00 PM
From: RockyBalboa	Respond to of 18137

Is the 50 trades per day cited truly the average of day traders? Actually, I don't think so. And even if 50 trades is a good average on "peak" days, ie days with several hot stocks, IPOs etc. this won't apply throughout the month, and needless to say, in summer when the trading volume is significantly lower.

To: Dave O. who wrote (7043)	2/27/2000 2:37:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 18137

I have never been able to fathom how "real" daytraders manage to make money doing hundreds - or even 50 - trades a day, and trading for 1/8'th. I find I do best when I keep it to no more than 3-4 round turns. A more typical day for me is 2-3. MOST of the day, the market is not tradable. And it isn't tradable every day, either. I think the opponents of day-trading may be onto something, particularly with regard to the day-trading firms that set-up trading rooms. Surely, they must encourage high-volume trading. I doubt they would tolerate my taking up space in one of their trading rooms doing 3-4 round turns a day - somebody else may see what I am doing! :)

To: Dave O. who wrote (7043)	2/27/2000 4:38:00 PM
From: Threei	Read Replies (1) \| Respond to of 18137

I don't think 50 roudtrips/day is average for daytrader. Although I know some individuals who make as many and even more, they are rather exception, not rule. In fairly active months, like November - December I was doing as many as 25 roundtrips average, with some days reaching over 40. In February my activity decreased to 15 and lower - and I am one of the relatively active traders in the chatrooms I monitor. Vadym