Wednesday, September 01, 2010 12:53:03 PM
I acknowledge your approach to investing. You are GREAT at DD and research - far better than I.
I have noticed that many times here ppl say "day traders" and "flippers" like they are dirty words.
If it weren't for those traders, stocks would stagnate. If everybody bought and held, who would sell to make a market? I consider myself a "swing trader" - weeks and months between trades usually, but some days I am a "day trader" or close to it.
I traded from a buy on 8/29 to a sell on 8/31 at an obscene
profit for 2 days.
So what is wrong with day traders? Seems to me they move the pps and give everyone opportunities to trade - even if it's a buy and hold situation.
Thanks
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