Im just wondering if everyone here trades to make a few cents per share. Are there any people here that buy and hold stocks for a days or even weeks at a time? Or do all you guys jsut flip stocks all day trying to eke a few fractions of a cent out of market ineficiencies?
I hold most of my positions for hours, not minutes, but am flat at the end of each day. I average about 1.6 cents per share traded, net.
I trade for minutes at a time ... but you can get 30-50 points in 5 minutes and its six bucks per contract a point not a few cents.