Day traders buy and sell stocks throughout the day in the hope that the price of the stocks will fluctuate in value during the day, allowing them to earn quick profits. A day trader will hold a stock anywhere from a few seconds to a few hours, but will always sell all of those stocks before the close of each day. The day trader will therefore not own any positions at the close of any day, and there is overnight risk. The objective of day trading is to quickly get in and out of any particular stock for a profit anywhere from a few cents to several points per share on an intra-day basis.
Day trading can be further subdivided into a number of styles, including:
Scalpers: This style of day trading involves the rapid and repeated buying and selling of a large volume of stocks within seconds or minutes. The objective is to earn a small per share profit on each transaction while minimizing the risk.
Momentum Traders: This style of day trading involves identifying and trading stocks that are in a moving pattern during the day, in an attempt to buy such stocks at bottoms and sell at tops.
In day trading, a great deal of real-time information has to be absorbed, analyzed and acted upon in intense bursts throughout the trading day. This requires a great deal of concentration and stamina on the part of the trader, and the ability to avoid distractions. Day trading can be very hard work and a lack of concentration can doom a trader to failure.
Good day traders do not hesitate to "pull the trigger" when entering and exiting trades. Traders who are in the habit of being tentative or indecisive will never become successful.
trying to find stock broker JBOXFORD I need there telephone number or fax number.
there Addressis
National Clearing Corp.
9665 WILSHIRE BLVD. 3RD FLOOR
BEVERLY HILLS, CA 90212-2310
Hope you can help
Harley
Posted by: Harley Riggins | March 03, 2005 at 10:28 AM
The only number I can find for JBOxford is:
(800)468-1876 -- i would bet it is no longer in service though.
Posted by: jp | March 13, 2005 at 09:34 AM
As a JB-Oxford client I have problems to get online contact with JB-Oxford. Whenever I start WWW.jboxford.com an internet page with the adress WWW.toplink apprears. Did JB-Oxford has changed their internet adress?
Thank´s for your help.
M. Rolffs
Posted by: Dr. Michael Rolffs | August 02, 2005 at 11:24 AM
jboxford sold their online brokerage business, along with the 50,000 accounts, to Ameritrade about a year ago (Aug 2004 time period).
Posted by: DP | September 27, 2005 at 08:49 PM