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Depending upon your relationship with your broker as well
as your track record, the actual margins can be zero.
-----Original Message-----
From: greatsigns [SMTP:greatsigns@xxxxxxxxxxxxxxxx]
Sent: Friday, February 27, 1998 10:02 AM
To: Greatelto; planeacres@xxxxxxxxxxxxxxxx;
metastock-list@xxxxxxxxxxxxx
Subject: Re: Books and Day Traders
I agree with your definition. They margins are much less
for day trading.
-----Original Message-----
From: Greatelto <Greatelto@xxxxxxx>
To: planeacres@xxxxxxxxxxxxxxxx
<planeacres@xxxxxxxxxxxxxxxx>;
metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Friday, February 27, 1998 12:50 PM
Subject: Re: Books and Day Traders
>Perhaps we should define "day trader" and not confuse it
with "short term
>trader". I consider day trading to be just
that....establish a position
and
>be out of it before the end of the day. Short term
traders may hold a
>position a few days, a week, a month, a few months. If my
memory serves me
>correctly, day trading requirements (put up, margin, etc.)
are somewhat
>different than the requirements for a short term trader.
Maybe someone out
>there can clarify this point.
>
>So, if we use this definition of day trading in
conjunction with this list,
I
>still do not know of a successful day trader who wrote a
book that would
"help
>us."
>
>Jerry
>
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