Читать книгу The Guts and Glory of Day Trading - Mark Ingebretsen - Страница 15

After all the wildness and chaos of 1996, Teresa Lo now strictly limits herself to day trading. Which was not a bad decision at all, the way she sees it. Because she “goes flat” each night – that is, she closes out all of her positions and reverts to cash – Lo says she’s a lot more relaxed these days. And she has more time to spend with her husband and daughter, and on hobbies such as gourmet cooking. On weekends she and her family will treat themselves to a dim sum brunch. And it’s then that she’s able to forget about the market entirely.

In fact, by any accounts Lo would be considered an excellent day trader, even though she’s not trading as frenetically as before. Years of experience have taught her to work the market with the precision of a neurosurgeon. Lo trades S&P e-minis, which are one-fifth the size of standard futures contracts written on the Standard and Poors 500 Index. She will buy and sell maybe five e-minis at a time, going long or short, depending on what the charts tell her. She rarely holds a position for more than 15 minutes. Her trades are mainly a means of instructing others in the chat threads she leads The Intelligent Speculator (www.ispeculator.com).