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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 (1340)	12/2/1997 2:55:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

Richard: I guess I will take the BLAME for pushing the "close before the end of the day" rule. Personally since I have begun using this rule I have increased the success rate of my trades substantially.

To: Richard Estes who wrote (1340)	12/3/1997 1:22:00 AM
From: dunlurkin	Read Replies (2) \| Respond to of 12617

<I was just trying to see what was driving the "DAYtrading" surge, and why the out at close was a basic rule. > What's driving the "daytrading surge" is cheap commissions, instant electronic access to market information and executions, inexpensive quotes and charting software. This type of trading wasn't even possible a few years ago, and transaction costs made it practical only for exchange members.

To: Richard Estes who wrote (1340)	12/4/1997 1:36:00 AM
From: Robert Graham	Respond to of 12617

I agree that there are better, more manageable ways to make money. But there are so many ways to make money in this market, what determines which approach a particualar person uses? I do think that the day traders are attracted to the substantial challenge, and almost immediately knowing if they made a good or bad move, and seeing the results of a profitable trade that same day. We are talking about a form of immediate gratification here. And imagine the sense of satisfaction a trader must feel when he looks back after one year and sees that he was successful in this pursuit. Bob Graham