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Strategies & Market Trends : Trading For A Living

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To: Bill Green who wrote (1059)	8/4/1998 1:47:00 PM
From: Dave	Read Replies (2) of 1729

Trading Cost Analysis - feedback wanted! I originally posted a message similar to this on the CyberTrader thread but thought I would also post it here, since it seems to be applicable to the discussion charter. In order to appease myself before I start day trading I have made up an Excel spreadsheet in order to identify the rate of return I need to achieve in order to make a reasonable living. I'm looking for some comments on the assumptions that I've made about trading. In particular, what would be the winning trade percentage to expect, average gain per winning trade, number of trades open at any one time. I know all of these parameters are going to depend on my trading style and system but I'm looking for some feedback from successful day traders. My spreadsheet has shown me that the broker makes out very-well regardless of my fate! I used CyberTrader costs for my spreadsheet, but I am sure that their costs are in-line with other brokers i.e. MB Trading etc. Starting Capital: $100K Trading Capital with Margin: $200K Desired Rate of Return: 40% Number of Trading Weeks: 50 Trades per Week: 20 Winning Trade Percentage: 55% Average Point Loss per Losing Trade: 0.25 Average Trade Size: 1,000 shares Average Commission per Trade: $45 (round trip) -> Calculated results to meet goals, includes all trading costs Required Point Gain per Winning Trade: 0.44 Required Annual Rate of Return: 66% Gains per Week: $2,640 Trading Costs per Week: $1,040 (includes connection charges) Regards, Dave

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