There are about 4,000 active day traders
today, up from a little over 1,000 in 1996, said Jim Lee, president of the Electronic Traders Association in Washington, the industry's trade group.
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In issuing their warning Wednesday, regulators said they are concerned that day-trading firms might be giving novice day traders
unrealistic profit expectations.
We see this as a critical opportunity to educate and train investors about risk and market dynamics so they can learn to be successful day traders
While investors hold their collective breath at each major undulation, day traders
thrive on it.
If you believe what you read, day traders
have turned Net stocks into acrobats, perched tippy-toe-like on dizzyingly high valuations.
We're excited about the fact that CyBerBroker clients are serious day traders
, who have met minimum requirements," said Patrick Connelly, Co-founder and CFO of The Underground Trader.
CyBerTrader is now used by almost 1,000 day traders
and online investors via the Internet.
hold no open positions overnight and depending on market conditions, trades can happen relatively quick.
know this and they can run for cover unlike any other investor.
Many day traders
open and close their trades within the space of a few seconds or minutes, focusing on narrow spreads and markets with plenty of movement.
The first of these was a trade-matching system called Island, the trading venue of choice for day traders
fascinated with then-hot Internet stocks.