Quote:
Originally posted by bobmsmythe
How much are you paying on commission again? Was it $27? If so, note that if you're putting a third of your capital into any given trade-- let's assume $650-- you're already in the hole over 8% before any price movement.
Yes, always find something with some liquidity. Otherwise you might never be able to sell.
Bob
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$29/trade, so yup, I am in the hole.
but, if I buy 10,000 shares, even a $0.01 increase will give me $42 profit after the commissions. I do try and pick stocks that have a larger swing though - +/- $0.02 - 0.03
frankly though, I know there must be better ways to do this, and I am a total beginner, only been doing it for a month. Thats why I like this thread so much, your insight is great.