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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Big who wrote (114)	6/6/1999 6:15:00 PM
From: AugustWest	Read Replies (1) \| Respond to of 18137

10% seems like a lot for me for daytrading. I'll try to get the bead on one stock for the day, and trade it sometimes 10(but usually not more than 5) times that day anywhere from ± 1 to 3+(if it runs on me) Brings me to another question. When you buy a stock to daytrade, is your objective a percentage return, or a points based return? I do most of it by the point(or fractions of points), then add up what the total points return equals in a percentage at the end of the day. ie: if I'm trading a stock in the $90s, say I trade it 5 times that day for a total of 9 points, then I see I did 10% on it that day. But by far, most of my individual trades are returns(or losses) on a percentage less than 5%.