s trades of about $4,000.
The portfolios held by day traders are heavily vested
in technology, Internet, and "blue chip" stocks.
4. Day traders can be segmented into "true day traders"
averaging higher volume/investment per trade and riskier
(more speculative) portfolios and more typical and
numerous traders who average lower volume/investment per
trade and less risky portfolios.
The independent variable to examine in the proposed study is length of time a stock is held. NFO Interactive (www.nfow.com, 2000) has noted that a true day trader adheres to a one-day in-and-out Wading strategy, while purported "day traders" who invest online or otherwise without a broker tend to hold stocks for longer periods after purchase.
The dependent variables are trade levels/volumes expressed in dollars per trade and portfolio contents. In a p
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