If a stock the day traders own or are tracking moves a whole half a point, they want to know instantaneously. These are serious people. As Ferrara explains, they aren t the pale-skinned old folk who play the slot machines in Atlantic City. These day traders come here because the machinery at On-Site is so technologically advanced. They send out to a nearby deli for sandwiches.
Day traders have a rotten reputation.
They lose money. They go crazy and shoot people. They drive the market itself nuts, buying and selling Internet stocks all day long and increasing the market s already terrifying volatility. In short, they re scapegoats. What many day traders actually do is watch a stock s movements.