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

To: Richard Estes who wrote (2445)	1/14/1998 10:50:00 AM
From: TFF	Respond to of 12617

Richard: I understand what you are saying. Is it your experience that holding winners overnight is a winning strategy? I would be interested to hear about your experiences.

To: Richard Estes who wrote (2445)	1/14/1998 11:16:00 AM
From: dpl	Respond to of 12617

> I was questioning the "sell anything" at close. I don't think you get max profits that way.< Richard if one daytrades and makes fractions he cannot afford even the chance of having a huge loss. If I traded and made 10 1/2 point gains and then lost 5 point on one trade I would be batting more than 90% and I did not make a dime. I have a motto for daytrading "it is easy to make money..it is hard NOT to lose money" You never want to have a huge loss.

To: Richard Estes who wrote (2445)	1/14/1998 12:57:00 PM
From: Ira Player	Respond to of 12617

Richard, You're arguing about shades of grey. These are my definitions. You may not agree with them. A pure "day trader" is not concerned with anything other than the current activity on the tape (screen<g>). Fundamentals, daily trends, intermediate trends, news, is not evaluated. Only volitility and tape movement. A position trader must consider these contributers. If a position is to be held overnight (or for several days/weeks), these other inputs must be evaluated or the trader/invester (more shades of grey) accepts risk without knowing what it is. The people on this thread that say don't hold overnight are talking about stocks entered utilizing only the tape data, with the intent of an intraday trade. These stocks should not be held overnight because the risks have not been evaluated. If you have researched the company and understand the risks, the position could be taken home, but the situaltion is different because it was evaluated using more than the tape as input and the risks have been quantified. My view. Comments? Ira