tommyvercetti55

@MichaelGoode Hey Michael, I'm trying to see which fee structure is better for pennies. Tiered or Fixed (interactive brokers) Have you used both fee structure? If yes which one is best to choose? Thank you in advance.

MichaelGoode
1
MichaelGoode Jun 18, 18 1:28 PM

Either tier structure is expensive for cheap stocks (particularly under $1 per share). I recommend tiered if you buy on the bid and sell on the ask more often than not

tommyvercetti55
tommyvercetti55 Jun 19, 18 2:00 AM

Thanks Michael, I'm guessing tiered fee structure is best if you add liquidity to the market, and get rebates on that?

MichaelGoode
MichaelGoode Jun 19, 18 9:59 AM

Yes, if you add liquidity then tiered is best and overall it will be cheaper

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michaelstevens

@MichaelGoode Hey Michael got another question for ya. What problems might arise when trading Sub dollar stocks? I'd like to trade these (longs only) so I can take larger position sizes for larger nominal profits.

MichaelGoode
3
MichaelGoode May 17, 18 2:01 PM

Keep in mind that what matters is not the price but the volatility. If you have a $10k position in a $1 stock and it goes up 10% you will make $1k. If you have a $10k position in a $10 stock and it goes up 10% you will still make $1k. So don't avoid trading higher-priced stocks for that reason. If you are trading Nasdaq stocks then all that matters is that your broker doesn't charge you per share commissions (or else it will get very expensive). If the stocks are OTC (most of the cheapest stocks

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michaelstevens

@MichaelGoode Hey Michael! What price action do you look for in overnight trades? Thanks.

michaelstevens
michaelstevens May 08, 18 4:54 PM

Does a strong close indicate a potential morning spike? Currently longs only for me.

MichaelGoode
MichaelGoode May 09, 18 10:01 AM

it does make it more likely to gap up but I don't find it that reliable

Freddieferber
Freddieferber May 16, 18 6:32 PM

Hello Michael... I just signed up for Silver and am happy to be here. Will not be sending many question, only a very occasional one if critical. Bought IHT today near close after the big dip. In at 2.35, did not bounce. Did not want to hold overnight re: not closing near hight. Cut losses quickly, out at 2.33 after holding to 2 min before close :-) . Any words of wisdom welcome as I am new but study and listen. Trading very small position instead of paper. Thanks so much. Freddie

Freddieferber
Freddieferber May 16, 18 6:34 PM

will probably stick to dip buy in the open.

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Gert112

@MichaelGoode I forgot to mention this. Tradestation does not offer shorting OTC securities priced<$2,5 - all other securities are allowed to short.

Scubajulie
Scubajulie Apr 22, 18 4:51 PM

Aloha Michael- I just watched lesson 9. Which APP do you use to update your news sources.

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