Cheapest places to go backpacking on Those daytraders who were caught holding stocks played the buy and hold game. Many investors and daytraders made good money as the market continued to climb to record highs during 1999. The professional daytrader played a different game. Let me give you an example. Let’s say, for example, that XYZZ had a decent news story in a climbing market and gapped from $20 up to $25. In a strong market, we would expect about $1 of profit-taking at the open, and we would buy at around 24 and expect the first swing up to reward us $5 or $6. We would exit at the top and, providing there was sufficient profit-taking in the day or days preceding, we would go short. Cheapest places to go backpacking 2016.
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