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Old 06-08-2007, 12:27 AM
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Re: What are the types of daytraders?

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I guess I'm trying to be daytrader by these definitions, but with scalper leanings. I'm only looking for 1-4 trades the morning (it's all I have time for - some of us still have to work jobs we hate for a living), and the targets are usually fairly small (5 points on YM for instance).
Steph - Assuming you can work the 9:30am - Noon EST shift and going for +5 on the YM, you can crank out some major trades with the right methodology. I personally hate the YM, but I understand the attraction.

I would not rule out making some good trades and cash before you head to work. This morning yielded 29 trades for myself. That's not good or bad for you, I'm just suggesting that you don't limit your thinking and profit potential by simply saying that you only have 3 or so hours to work.

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