Jay and All,
I'm curious, if you traded so many positions all in one day, doesn't that diversify too much? i.e. hard to track. And you must have a lot of money to play with to have the broker fees be minimal, right?
I see myself concentrated on maybe 2-3 trades, some daytrades, mostly held for 2 days to 3 weeks, lately, they are shorter like less than 7 days. I just can't see myself getting excited about making 1 point or 2 points on a $100 stock. The percentage gain isn't enough.
Is it a discipline that favors the person that looks for just the point vs. the percentage gain? And doesn't the trading take away too much money?
What percentage of trades go your way, for example this year?
What percentage were up in the last 3 months downturn?
For me, I have 50 trades this year at commissions of $2303, avg cost of $23, this includes the option trades which cost more. I have to be at least 2300 profit just to break even.
I have 26-24 winning %. Unfortunately, I have a loss for the year due mostly to the last 3 months, getting killed.
I just need to understand how it works and what makes the most sense for me.
Ketan |
