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: Cash who wrote (10511)	10/29/2000 10:23:17 AM
From: Threei	Respond to of 18137

Really, that was always amazing to me to read about huge losses daytraders take in down market. Media seems to ignore the fact that DAYtrader could get a big hit only if he elected to do so. Simple concept eluded: the shorter is time of exposition to market the greater is control. Well, media have their agenda, we all know that :) Vadym

To: Cash who wrote (10511)	10/29/2000 11:45:33 AM
From: OZ	Read Replies (2) \| Respond to of 18137

Market makers are daytraders and they (some) take positions overnight. I think a daytrader is someone that tends to his stocks each and everyday. Almost all of his trades take place on the single day as you say, but during certain setups (which is usually in the minority), they will take on some positions overnight. I think those trades were not Day Trades but the trader is still a Daytrader. Their time frames is still in "DAYS" and not weeks or months. If a Daytrader has a certain trailing stop method that just happens to keep them in the trade overnight after an already nice move and then realizes more profit after a gap.... how does that make him cease to be a Daytrader. It actually would seem to imply a better trader if on par he comes out with a bigger gain. Most swing traders either get stopped out on most of their trades on the SAME day or get out for some other reason as compared to the few remaining horses that they let run a bit longer. So most their trades are Day Trades too. IOW, many of a "Daytraders" trades are not or do not have to be "Day Trades". It is not IMO "a totally different thing". regards, Oz