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

To: steve goldman who wrote (2440)	1/14/1998 10:28:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12617

IF: "90% of my clients are long term investors, those that buy/sell stocks NOT ON A DAY TO DAY, week to week basis. These are people that have bought the IBM, WLA, MRk, PFE's etc. and as I have stated, thisis where the real money has been made, relative to risk." THEN: They take them home night after night, They don't live a life of fear of a 1/8 of a point drop. They generate less commission revenue then the 10% traders, assuming investors trade 20 times a year to the 200 for a trader. While your firm has other means to generate dollars, it is interesting how much daytraders could provide in commissions.