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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: DADEPFAN who wrote (243)	11/6/1998 11:44:00 PM
From: SAMOA1	Read Replies (1) \| Respond to of 56535

ot- Selling ABTX if it drops to 11.

To: DADEPFAN who wrote (243)	11/6/1998 11:51:00 PM
From: Trader J	Respond to of 56535

Dadepfan: The best definition I can come up with for "Daytrader" is someone whose primary investing goals consist of short-term capital gains from the market's intraday fluctuations. Of course this can bonds, stocks, commodities, etc. If someone has a better definition, please provide. The IRS considers a day trader someone who has often and consistent trading patterns with the intent to capture short-term capital gains....or something like that. To go short is just the opposite of going long, of course. "Going Long" indicates a position in an issue with the hope that the price will go up. "Going short" is a bet that an issue will drop in price. Technically you are borrowing the shares from your broker with the intent of replacing the shares at a later time (when you sell the borrowed shares). Hope this helps. TJ