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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (104)	6/6/1999 4:26:00 PM
From: AugustWest	Respond to of 18137

The only problem I have ever seen is where a guy starts out with a day trade and it goes the wrong way. Suddenly he calls it a "position trade". If it keeps going the wrong way, it then becomes "an excellent long term investment". Wrong. Yep. That's the killer "suck you in" Thing. I've never let if get as far as "Long term investment" I have very few of those(the ones I do have don't lend themselves to daytrading-amen). But by changing the gameplan to a position trade has ended up costing me. Perhaps not that day, but by the time I exit the position, the return on that particular order doesn't amount to the potential I have missed by tring up the capitol I have reserved for daytrading. And that doesn't even include those position trades where I've added only to lose points. Thanks. p.s. I like your dog theory. But maybe I use the neighbors dog. Then I can try to sue him.<g>