Can you beat 50% per month? Message Board

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Strategies & Market Trends : Can you beat 50% per month?

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To: Lovell Pillow who wrote (97)	2/23/1999 11:26:00 PM
From: Jon Scott	Read Replies (1) of 19256

One of the problems is that with smaller trades, even the discounted $40 round trip commissions take their toll. $2000 does not allow enough room for diversification or fees. I paid about $2500 in commissions to NDB last year. Realistically, how many stocks can you buy for 2k? Even if you put $500 into 4 stocks each, only with extreme luck would 1 rise enough in 30 days to see a $1000 profit. You'd be down at least $100 just in commissions. Review my trades. I bought 200 WCAP at 7 and sold it at 7 7/8 the same day. After commissions, I made about $150. I would have been much happier trading 1 or 2000 shares. Then it is more worth the effort that it takes to trade.

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