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Old 10-21-2002, 08:23 PM
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Manduck Manduck is offline
Join Date: May 1999
Posts: 5,447
Originally posted by NurseCarmen
When it's hits a peak, can I pull the plug with an index fund? I end up staring at my computer an awful lot at work these days, so I could kee a fairly close eye on these. When I do sell, can I just leave the money in my ameritrade/etrade/datek account indefintely?
It's sounds like you want to day-trade. That's not a very good idea; most day traders go broke. The idea of an index fund is that you are investing in the market as a whole (or a broad swathe of it anyway) and holding it for the long term. Frequent buying and selling can cost you a fortune in fees.