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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Boob who wrote (1367)	5/3/1998 4:14:00 AM
From: Ga Bard	Read Replies (3) \| Respond to of 9440

Daytrader Logic ... Day traders have to get people to liquidate their long and chase their picks. They need the sheep. There is not one savvy financial wizard that would agree with that logic. One main reason is you never make max money plus you loose or rather pay more commissions, & taxes. Now say you day trade a stock for percentages and then once it stablizes you jump away and so forth. Whereas if you stay and find one that can 10 bag for you eg. AVBC went from .05 to .60 and that is like 12 day trades that double with your initial investment. IF and I say IF you can get out with a complete bail out and IF you can put all that back in. Now we know if you get too much it is hard to get a lot out. Unless you market dump and plummet the price. Where an investor is going to capitalize on each sell, save tax money and have solid free shares to go the distance. Just a matter of logic and common sense. I could not have made what is in my account if I were trying to day trade. GB