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

To: Len who wrote (2664)	12/28/1998 5:14:00 PM
From: Cookie Monster	Respond to of 56535

There is a difference Len. Daytrader=in and out in a 1-2 day period. Most don't hold stocks overnight and concentrate on momentum swings. Short Term=have a specific goal for a stock that is "in play" meaning that they play on news, rumor, earnings, etc... Long Term=stock pickers who work the fundamentals of the stocks. Bottom fishing, lots of research, long term 3-12 month hold periods. I'm a little of both. I have several trading accounts. One for longterm stuff that holds my retirement savings stuff, and one for daytrading that I can work at from home. I have lots of long term picks that pay dividends and are strictly low risk. Then I have a nice chunk of cash that I jump in and out of stocks with. Making on average $300-1000 per deal with (most of the time!!). Later, CM