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.
Day Traders Action offers a free 30-day trial to the popular e-newsletter at http://www.
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.
Day traders hold no open positions overnight and depending on market conditions, trades can happen relatively quick.
Day traders 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.