Yes, the reduced commissions and spreads
have caused me to trade more often
and less smart. Thereby causing me
to actually lose more money ,probably,
then in a higher commission environment
Like you say, you just have to get
by that through some system or the other.
I tend to be a scalper, so these smaller
transaction costs, will ultimately be what
makes my trading work. They are just
a bit of a beginning problem.
The NQ also hides its size by being just
1 contract rather than 800 QQQs
I make a bad trade, find myself down $70
start seeing it go my way again, it is
cheap to get back in, i do so, it whipsaws against
me once again, and i am now down $140
So, now i must come back, and so on.
I can buy and then sell 10 nq contracts worth
more than $300,000, easier than sticking
a piece of chewing gum in my mouth and
taking that first bite.
Kinda scary actually |
