Day traders for the most part don't hold overnight. On friday, the traders sold the market till 1300, then it ended flat...
I wonder if what we have is that the day traders are just throwing their weight around...
Unfortunately the tendency for "mean reversion" works against them
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Monday, December 29, 2008
day traders
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