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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (5374)11/7/1997 5:40:00 PM
From: Eric Tai  Read Replies (1) | Respond to of 20681
 
Bill,
To be a day trader, it will be nearly impossible if
you have to pay the type of commissions you pay in Canada.
Assuming you pay 1% commision for a round trip.
Assuming you trade 100 times a year.
You need 1.01**100=2.7 (or make 170% before commission )
just to breakeven.
If you trade 200 times a year, you need to make 630%
before commission just to breakeven.
I haven't even taken the slippage (bid and ask spread) into consideration yet.
Oh, boy.


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