@Gis4Gucci Hi, I see that you trade just a few amount of shares. How do you define the amount of shares for any trade, considering that the commissions cost of @suretrader is really high?
Moving to SureTrader sometime next week, no more stupid PDT rule, so I'll be able to avoid losses quickly and cut them fast. Hoping this will sharpen my trading skills and improve my gains drastically. Looking forward to a new and successful trading year 2015. Will try to turn $4000 into $1000000
Received 1 Karma
My goal is either take small profit or a large one, I exit the trade if it goes against me, flat or with minimal loss ASAP.
I have $4.95 per trade up to 10k shares deal with them. And if you get bought out on the bid when buying and sell on ask when selling is minimizing ECN fees to $0.25 cents per trade. I use mostly 200-400 shares because it is giving me more leverage to exit losing trades faster. With entry on a good setup risk of trade going against you is minimal. Say I buy 400 shares at $5. My risk exit or hard stop will be at $4.95. And if a trade starts going in my favor I'll move that stop to $5.05 or $5.10.
1Gis4Gucci Jan 03, 12:23 PM Profit taking starts at $5.25 and up for profit compounding. 5x$100=$500 on $2k invested is 25% return and $100 is easy to take.
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