http://www.elitetrader.com/vb/showthread.php?s=&threadid=98524 I don't daytrade anymore, I pick something to hold for 3 months - 1 year. usually around 1-2 months, I focus on the entry meticoslouslly where I know its under valued. then I tell myself I'll close it out @ 25% profit and then 50% profit 1/2 1/2. ------------- This is after 2 years of trading almost full time on and off. Market is close to random on a day to day basis, but time always arbitages to the correct value in the long run (1 month can be a long run) -------- One of the keys in long term investing, is to understand how to calculate value for stocks, how to tell if its actually undervalued or just overvalued being sold to normal value. I don't like the value investing calculation methods, cause its more of a perspective then a reality, it can change on whim with the S&P valuations. good luck!