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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Lost1 who wrote (37946)6/7/2000 11:45:00 PM
From: Augustus Gloop  Respond to of 63513
 
yes



To: Lost1 who wrote (37946)6/8/2000 1:10:00 AM
From: Jorj X Mckie  Read Replies (2) | Respond to of 63513
 
More musings my Jorj - The conspiracy theory
Around the Clock trading a way to take power away from the retail trader.

More and more, afterhours trading is affecting the stock price during normal trading hours. And as a trader, I feel compelled to watch the afterhours activity as closely as the normal trading hours. I do believe that we will have round the clock trading available in the relatively near term. And I am certain that the service will be extended to the retail trader as well....and it won't matter. The reason that it won't matter is that we need to sleep and eat and spend quality time with the family. This means that the market can be reacting to news of a war or an earthquake or Greenspan sneezing and our investments can be wiped out while we blindly try to have a normal life outside of the normal trading hours. The individual investor is at a disadvantage because the institutions can just hire enough bodies to get the 24 hour coverage thereby ensuring that their interests are covered.

I believe that the end result will be that the position and swing traders will dwindle to insignificant numbers and their will be a dramatic increase in the number of long term investors, day traders and broke ex-traders. The increase in day traders will come from the position and swing traders that survived the new 24 hour market but are too freaked out to hold overnight.

I fear 24 hour trading