Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Threei who wrote (10508)	10/28/2000 12:51:15 PM
From: Paul Viapiano	Read Replies (1) \| Respond to of 18137

Vadym, Thanks...I guess it's been said already...a lot of washouts for sure in this latest round of selling...I've noticed that a lot of friends who were "dabbling" in the market now hate it. This is a good sign... The only thing that makes me hang on to a capitulation bottom theory is that gap in the Nasdaq chart at the 2875 area...that will hang over our heads like the sword of Damacles if we don't fill it...that's my intuition. Paul PS...I sat in on your "execution" class yesterday...very nice and well presented...

To: Threei who wrote (10508)	10/29/2000 10:12:19 AM
From: Cash	Read Replies (3) \| Respond to of 18137

Historically, Oct. & Sept. are the worst months in the market, so in Nov. we should do the historical rise. Anyway, the last few weeks volatility is EXACTLY what daytraders want. The big down days were some of the most profitable days our firm's daytraders have had. The big bounces were damn near as good. While there was blood in the street for people who hold positions, daytraders were going in with baskets collecting the money in the street. But keep in mind that when I say DAYTRADER I mean DAYTrader. Start out flat, trade throughout the day, go home flat (and sleep well). If you carry overnight, you're swinging and that's a totally different thing. While it's a valid and can be quite profitable style, it's NOT daytrading. (It also annoys me that the media calls these people who take overnight hits daytraders when what too often happened is they took a position home and came in to an ugly hit in the morning - that's NOT daytrading! - Day means market open to market close, not a 24-hour period. I'd like to see them find as many people who took as big hits in a day strictly DAYtrading). Anyway, time to get down off this soapbox.