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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Ken Wolff who wrote (2)1/8/1998 8:45:00 AM
From: Dave O.  Read Replies (1) of 2120
 
< I have found that commission tend to eat up profits with a busy daytrader making 10 trades per day to catch 2 or 3 winners. >

I agree on commissions. But, don't you take what the trade gives you, whether it be 1/16, 1/8, ...? For example yesterday I traded XYZ 7 times. Most profits were 1/8 to 1/4, buying back lower than I sold 4 of the 7 times. Obviously I'd prefer for the trade to move more than 1/8 or whatever as you need to overcome the spread and commission with each new trade.

Dave
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