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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Morpher who wrote (2069)	12/30/1997 11:28:00 PM
From: Don Green	Read Replies (1) \| Respond to of 12617

Good trader doesn't see it is beyond me. I guess I am beyond or above all of this crap... I see it and know it happens, and pay no attention to it... I place my trade and except what I get in return. I am really not concerned with 1/8 or 1/16 of a point.. Quit worrying about trying to get the best price.. too many people get over-concerned with this stuff. Just trade... If for example I bought $1000 shares of Dell at 82 or 82.125 it really doesn't matter. If I sold it later in the day for 85... I made a good profit I am happy so get on with trading and quit whining, or trying to figure out how to squeeze every penny out of the system... It is just like arguing with a car dealer about the cost of an option on a car... Regards Don

To: Morpher who wrote (2069)	12/31/1997 12:28:00 AM
From: Richard Estes	Respond to of 12617

"I guess some people just like to let others steal their money... " it goes with the territory, the house always sets the rules and get its profit. Let see .063/30=0.21% x2=0.42%x 255= 1.071 or did you mean you bought 1000 shares and lost 126.0 a day for 255 days = $32,130. You had better have profitable "day" trades, you haven't paid commissions yet. Of course, you traded 510 times, moving 510X30000 or 15.3 million dollars and at 9.95 commissions, you pay $5074.50. Now if you made .25 or $250 average on every trade, you would get $63,750 to help offset the cost of doing business. Can we do this 100% of the time? How do we know how much is lost in slippage? How could you confirm it? Would you base it on limit or market orders? I am sure that many don't enter a trade each day. I hope they wait for the best opportunities, which are hard to find each day especially if you don't have a plan and go by feelings or what someone said on SI.