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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Slaran who wrote (790)8/26/1997 9:15:00 PM
From: sepku   of 7396
 
>>>($79,832) Net profit: 17%.That's awesome.Has NDB been good to you?<<<

Yes, I'm very pleased with NDB, they've had excellent service and executions.

I just want to clarify one thing though. The "$79,832" in parenthesis was the average cost of my 8000 share lots. That comes out to 9.98 per share. I just want to make sure you don't think that was my profit for the day (yeah, in my dreams!), because I would have needed to trade 47,200 share blocks, all else remaining equal, to pull that off. The 17% net profit was off of $79,832...the avg cost of my positions.

One more thing...the cost of commisions I posted ($200) was in error. That only accounted for one-way. Not to mention I failed to remember that I got charged a penny for each additional share over 5000, costing me another $30 per trade in addition to the flat $20 trades, making each trade a total of $50. So in total I paid $1000 in commisions. Which pisses me off now, because in all the excitement today, my dumb ass, forgot about the "over 5000 shares rule" when I could have just sent out orders in 5K and 3K lots instead for $40 a trade...saving me $200. Damn!

Style Pts.
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