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Why do you think all major hedge funds and mutual funds day trade?
Because its profitable and safe. People always confuse trading and
investing and we are talking trading here, not investing. In the past
day trading got a bad reputation because the tools like eTrade became
available to the outsiders yet they did not have the knowledge needed
to use the tools effectively. When the market was always going up like
in
1998-1999 it was easy to do any trading and make money, even for
outsiders. Then the tech crash of 2000-2001 and the outsiders lost a
lot of money day trading. They told all of their friends that they
lost money day trading and the myth was born.
Times have changed: The tools and education for day trading have
improved tremendously and the markets have changed to make day trading
even easier. Insiders are not looking for the next hot stock, they
just follow one market index like the S&P 500 and learn what the other
insiders have learned about how the market moves, when the market
moves and what happens just before the market moves! The great thing
about day trading is that you only have to be concerned about what's
going on while your trading! Take a day off and don't worry.
Insiders trade for an hour in the morning and bring home some extra
money.
Just follow the market: The world is a much different place after 9/11
and the markets are affected by things happening around the world
while your sleeping. So why be in a trade over night? Day trading is
safe because of the fact that you are never in a trade over night, the
trades only last an average of 5 minutes. That's important. The
recent market crash we had in March 2007 started in Asia and affected
our markets much later. By the time the US exchanges were open many
people who were betting the market would continue to rise the day
before could not get out fast enough and lost money. Day traders with
insider knowledge made a lot on that same day because when the market
opened they just followed it down, down, down and their account
balances went up, up, up!
http://daytradeco.blogspot.com/#
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Bam!
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