To be perfectly candid, I simply went in and learned along the way doing what felt most natural to me. I had gotten the sense that flippers went in hard and fast, grabbed dough, did what ever they were going to do within just an hour or two then got out. daydreamer. Beer money.
Maybe that's a daytrader.
Generally I hold onto positions for months and I modify those positions along the way. I used to hold on alot less time. Ask a guy named paintlicker. He and I used to chase down just about any runner but I think we both decided about the same time that approach didn't work very well.