      By closely following historical and breaking news on different stocksand industry sectors in combination with technical analysis, Day Traderscan effectively capitalize on price inconsistencies and intraday swings instock price. Using this combination strategy, Day Traders will, dependingupon the time of day and the market conditions, seek out gains of 1/16 of apoint up to 1 to 3 points or more. Given these market conditions, it is notuncommon for Day Traders to hold intraday positions for a number of hours.In the event that a Day Trader is seeking to capture strong intraday pricemovements, he or she will often withstand intraday "open position" lossesof 1/2 to 3/4 of a point before abandoning the trade (versus the oldstrategy of exiting all trades with a loss of 1/8 to 1/4 of a point). Byexpanding the risk tolerance per trade, Day Traders position themselves tocapture broader price movements without getting "shaken out" or "whipsawed"from positions.