Hi John
No question there... (slippage/commissions whatever) brokers make it both ways .... As I said, I find it very difficult to make money daytrading. Having said that, I only dedicate a portion of my portfolio to it. ( A portion that I could afford to lose, IF I didn't practice good Risk Management techniques). For me, I try to approach daytrading (and to a lesser extent, position or swing trading) in a dispassionate sense (emotionless), not for the thrill of losing it all, but to pit my skill & lack of resources, against the brokers & others who have a contrary opinion. After all for every buyer there is a seller (except in panics when no buyers can be found).
Anyway this is a Gold thread, and all future comments to daytrading may be found on the appropriate threads.
P.S. You will note, of course, if you checked my profile, that I purchased ABX earlier today. So far I am sitting at a loss, who knows what it will do tomorrow or the next day... BTW, I am still in PDG & salivating at FN.to Regards,Peter |
