Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: Thomas Tam who wrote (1715)	10/12/1999 1:36:00 AM
From: Ward Nicholson	Read Replies (1) of 2259

Thomas: I just figure you would you use momentum and charts to guide you in and out of stocks... I was just planning on trading JDU. You buy and hold it...I trade it. Plain and simple. To round off the numbers, lets say you have 1000 shares at $189.40 and I have $189,400 in my account. No interest on cash. Include transaction costs? Your choice, but to be say $25 per trade. Why would you want to include transaction costs on my trades if I can't collect interest on a cash position? Doesn't seem fair to me. The beauty of trading is the ability to switch quickly into safer environments...not dead ones. Money market positions yield 4%+ right now. No interest = No transaction costs. WN

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