>>>The fact is, though, that predictions for time frames measured in months, even weeks, are always going to be less dependable than those measured in minutes and hours...plain and simple.
Sandy, I agree. However, I think daytrading is just part of some of our portfolio's and the longer term discussion is helpful for managing those portfolio's. I know in my case I have a trading account that I daytrade. I have a business account that I do position trades. Then my wife and I each have SEP accounts and we each have rollover IRA's from previous 401K's, etc. I also have a back-up trading account.(In addition, I manage several other accounts that I'm not allowed to daytrade as these clients want more conservative investing.) If you have any kind of portfolio of size at all, personally I can't see how you could Daytrade the whole thing. In my case, for my total portfolio I would be daytrading 7 accounts just for my own stuff. I would think that most individuals have a least two account, a investment/trading account and an IRA.
That brings up another point here. I much more enjoy the swing trades and position trade ideas thrown out here. Although I don't daytrade trade all my accounts I, I am always looking daily for new ideas for them. Daytrades are ok but I just have time to follow someone elses in addition to mine. Trading what you see works to a point but I also think most traders have a need to be looking out in to the unknown some too.
Joe
AI
