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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: RFH who wrote (7645)6/10/1999 7:53:00 AM
From: Bernie Goldberg  Read Replies (1) of 18928
 
Hi,
I'm glad to see that you are having fun with it.
the commission charges at Schwab are in my opinion too high for my "cowboy" approach
I still think you could make more money by trading less. As Mr. L. says trading every two weeks or once a month should be fine. I would like to make a suggestion to you.
Try WEN for example.
Run a history on Newport with WEN starting from your first purchase. Instead of selling every week try doing your transactions on the 1st and 15th of the month. I know it will be hard to ignore those sell orders from Newport, but try!.
That to my way of thinking is the only real problem with Newport. If one were to AIM with paper twice a month one wouldn't see the premature buys and sells that are so tempting. When I first started AIMing and discussed it with friends, the only objections I got were Capital Gains and trading costs. Capital gains are good that means you are making profits. Trading costs however can be controlled.
If you buy a stock at ten and sell it at 12, then again at 13 and 14.5 and 17 you are exposing yourself IMO to unnecessary trading costs if you are doing this weekly. Twice a week on a volatile issue would cut you trading costs in half plus expose you to greater profits by not pulling the trigger too quickly.
Just my opinion.
Bernie
P.S. Keep up the good work on your Website
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