I have found the same thing. Also true if you're using small positions, because commissions will really start to eat your profits. However, there's something to be said for overtrading a bit with small amounts just to get some practice in before moving on to bigger trades.
The thing is that getting small position like 100 shares for gain 20 cents profit or loss will not move our money up at all. The fees you need to pay per transaction will eat your $$$ 1 by 1. Need to play big gain plays. I lost $1500 of my acct in 3 weeks because of that. Less trades, quality plays bring $$$. Hope this help :)
I have found the same thing. Also true if you're using small positions, because commissions will really start to eat your profits. However, there's something to be said for overtrading a bit with small amounts just to get some practice in before moving on to bigger trades.
Thanks for the post. Much to think about.
The thing is that getting small position like 100 shares for gain 20 cents profit or loss will not move our money up at all. The fees you need to pay per transaction will eat your $$$ 1 by 1. Need to play big gain plays. I lost $1500 of my acct in 3 weeks because of that. Less trades, quality plays bring $$$. Hope this help :)
Join now or log in to leave a comment