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

To: TFF who wrote (7255)	5/16/1999 4:47:00 PM
From: Dan Clark	Respond to of 12617

First, I hate the term, "Daytraders". It has been used negatively by to some of the media to connote someone who trading feverously hundreds of times a day. I believe that the number of people who buy and sell (or short and cover) in the same day on regular basis is probably in the 10's of thousands. You could argue that anyone who has bought and sold in the same day is a day trader. That raises number to the hundreds of thousands. I just wish that the media (primarily the New York-based media) would realize that, in bashing on-line investing/trading in general and daytrading in particular, they are swimming upstream against the tide of progress. It's like the old buggy-whip manufacturers in the early 1900's bashing the new-fangled horseless-carriages. Just like the automobiles, online investing, daytraders and low-overhead, direct-entry brokerages are here to stay. Old-style, full service brokerages are the buggy-whips of the 90's. The media need to get that through their thick skulls. Regards, Dan.