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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (1329)	12/2/1997 1:32:00 PM
From: Don Green	Respond to of 12617

Steve, is correct to a degree! I also believe it is best to close your trade each day..Even when you might lose on a gap in the morning.. But I disagree that Day traders are doomed to failure... If that is what he said. Don

To: Richard Estes who wrote (1329)	12/2/1997 1:33:00 PM
From: TFF	Respond to of 12617

Richard: I agree - you never know. The difference is you have the ability to day trade out of the situation without a MAJOR gap down or up. Let's face facts, probably 80 - 90% of news influencing the market comes out BEFORE the open and AFTER the close. There's nothing wrong with holding overnight if you are POSITION TRADING. But you should never have CONCENTRATED positions when position trading. If you are wrong you could take a MAJOR hit.

To: Richard Estes who wrote (1329)	12/2/1997 2:26:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 12617

Richard - Please don't mistate my opinions. I never stated Day traders were doomed for failure. I stated that 8/9 of 10 fail and that I, ME, felt that those truly successful might have better opportunities moving onto something more grand (or to not spark flames again, ELSE). In an upmarket taking stocks home works. In a down market, it is the end for the trader. If you want to gamble this, and I know plenty that trade overnight movements and ONLY overnight movements, go ahead. We were and are still talking about DAY TRADING. iwould be glad to discuss the merits or disadvantages of overnight trading, arbitrague, swing trading, position trading, long term investing, etc. but this is not what my posts were regarding. Regards, steve@yamner.com