Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: John O'Neill who wrote (65811)	10/5/1998 1:09:00 PM
From: Duker	Respond to of 186894

John, Your days are pretty short: 20 minutes? Good luck. --Duke

To: John O'Neill who wrote (65811)	10/5/1998 3:38:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

John - Re: "My day trade failed." Thanks for letting us know. Please keep us posted. Paul

To: John O'Neill who wrote (65811)	10/5/1998 9:13:00 PM
From: nihil	Read Replies (1) \| Respond to of 186894

RE: Day trade loss If you are going to take big positions at razor-thin margins like this, you need a cheaper broker.

To: John O'Neill who wrote (65811)	10/6/1998 2:15:00 AM
From: Aaron Cooperband	Read Replies (1) \| Respond to of 186894

John - Re: "My day trade failed..I covered at 79 3/16, a loss of 3/16 +$40 commision." I once sat down with a professional day trader and calculated how much he had to make to break even. It came out that he needed to achieve a 25% annual return on investment just to cover his commission and the bid/offer, assuming he traded every day. There are only 2 ways out of this problem for the day trader: 1) Lower your costs. Either get a cheaper broker, or figure out some way to pay the bid and receive the offer (ie. become a market maker). 2) Trade more intelligently. If you can halve the number of trading days, your costs drop by 1/2 as well. The challenge here is to cut those days that are unprofitable or flat while leaving those that are profitable - easier said than done, of course! Aaron