Even though I seem to be taking tiny little profits, I am actually looking for bigger profits, smartly. One advantage tastyworks brokerage provides is option trades are only $1.00 to open and $0.00 to close (unlimited size). Stocks are a little more, $5.00 to open and $0.00 to close (unlimited size). Because of this pricing I can still eke out a tiny profit to a scratch without the commission's eating all my profits. Last year, I was with TDA and my commissions were so high that they overtook my profits, ending the year in a loss. So far, in all my years of trading, 22 years, I have never been able to make a profitable year. In my first few years, I was always a losing trader, always. Then I read a book by Bill Williams, Trading Chaos, and that was the last year of my losing streak. Since then, I have not been able to break above being a break-even trader. I don't lose money, but I don't make money. Basically, I pay a small fee for my trading hobby...LOL!! This year, 2017 may be different...because I am retired now, as of April 22, 2017, and I seem to see things a bit differently....not sure yet, but I feel better!! :)
@KiwiDan Looked @ my IB trades. Paid $5.21 for a 500 share buy and sell, and $7.23 for a 700 share buy and sell.
this is the 2016 conference with Tim G.
That's a massive difference, I have applied through their website. Thanks again
Join now or log in to leave a comment
This is an amazing story! Ray Allen tells us what it truly takes to be great...and as a Minister, what he says also applies to ministry. If you want to be a great minister, the same qualities are required. I'm a minister. #4192-4198: Stock Trading Lessons From An NBA Great, Ray Allen by Timothy Sykes
Happy Independence Day!!! The day America won its FREEDOM from the British Empire in 1776, July 4th, 241 years ago!!! Our Declaration of Independence and Freedom was declared!! Even our own personal freedom is not free...we must fight and declare to win our own freedom, even in 2017!! God Bless America and God Bless YOU!!
The closed trades that I am posting are real live cash trades. They are posted when I close out the position. I take the trade info from the "transactions tab" on my tastyworks platform. Currently, 6-27-17 3:50 PM, I have three positions on: BABA, X, XOP. As of today, they are tiny winners or rather scratches, but they're still live active positions. -John.
Join now or log in to leave a comment