"I'm getting an itchy trigger finger to declare a buying "opportunity", at least for a short term trade"
Never mind the itchy finger BS. You declared that trade yesterday on another thread and got stopped out. Now RMBS is back above your sell price. You are full of it! LOL.
"Hi all; So much for RMBS, I'm stopped out at $5.25
-- Carl"
Message 16246400
That's 10c per share gone of your $9 profit from the last trade you made.
Hey while we're on the subject of your trading prowess, remember this post, telling us that you were a pro trader and describing how you spent your day scalping from tech stocks? But didn't you also recently make a post about having been working as a memory designer for 20 years or am I thinking of someone else?
"Hi Steve Lee; This is the perfect example showing the result of my being a design engineer who has designed with memory (and talked with sales reps) for 20 years and you being just another mom and pop with pointless comments and opinions on the memory business....."
Message 16237364
Hmmm, can we trust what you say?
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To:unclewest who wrote (35769)
From: Bilow Friday, Dec 10, 1999 1:21 PM
View Replies (1) | Respond to 35770 of 77891
Hi unclewest; The round trip commission cost (marginal calculation, ignoring seat fee) on those 50 shares was $2.80 for me, plus the SEC fee... My profit before seat fee was about $9. Not bad for a few minutes of screwing around.
I also pay a "seat fee" which is added into all my share costs for the day, but it is charged the moment I sit down. Of course I don't know what it will add on a per share basis, but that doesn't mean I shouldn't take trades that beat the marginal costs, just that I can't trade on an overall basis below the marginal costs plus the seat fee costs.
Basically, I do this as a business. I like to make a lot of relatively small profits during the course of the day, rather than try to swing for the home run. So I count profits in terms of dollars per second, rather than in overall percentage moves. The idea is to keep my cash and attention ready for the next trade. Trading is a somewhat more complicated business than a lot of people think.
I'm just slumming on RMBS today, cause I'm too sleepy to do my usual scalping of INTC, MSFT and DELL. But the stock has been kind to me, nevertheless. Best of luck, this puppy has to turn sometime, maybe today is the bottom.
-- Carl
Message 12250921
Some people never change! LOL. |
