The RISE Of The Day Trader

"Just because the markets have been tanking doesn't mean a buck can't be made. While the stock market's volatility has confounded the formulas of investment bankers and hedge-fund managers, it has also offered unprecedented opportunity to day traders, who monitor the markets second-by-second and thrive on short-term transactions. New York Magazine profiles day trader Peter Milman, who has made almost $500,000 in the past three months. Milman calculates his transactions via a controversial technique known as "technical analysis," analyzing not the value of the companies whose shares he's trading but rather "the movement of the crowds." One trader says "you become a psychologist of the stock market and trading off the mood." Says another, "Technical analysis has been thought of as a black art or voodoo. But it's no different than a football coach watching film to prepare for his next opponent."
http://nymag.com/news/businessfinance/53617/

Sooner or later?
How soon and how late. When it comes for day trading, the exchange always gives closing bell.

Well, most 'investors' do hold positions hoping that some day or other their stock will show profit. I was referring to other longer-term traders.

Yes very true, but when its a SUPER TANKER, they think their strategies again

Nikis,

I got your post. I did not write about your post.

Thanks for the chart.