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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (4705)	1/2/1999 10:49:00 PM
From: Junkyardawg	Read Replies (1) \| Respond to of 90042

What I like about Tims style of trading. You don't need super speed super fast internet connections. I have a friend that uses "RR" it cost him $70 a month. You don't pay a hundred commissions a day. If you did 20 trades a week that would be 40 trades. 40 times the average commission $20 is $800 a week. Now we are at a cost average of $3,270.00 a month $3,270 a month times 12 is $39,240. Now I have a friend that is a member of a daytrading site that cost him if my memory serves me about $120 a month. $120 times 12 is $1,440.00. Now our cost per year is $40,680.00. It is impossible to factor in the losses which you might have if you stayed in on a rally instead of selling out at a 1/8 profit. Let's say for arguments sake that it cancels itself out. In other words you are the best daytrader ever in history and you made the same amount as if you had not stayed the rallies. You must make at least $40,680.00 a year to cover cost. Tim does DD and finds good stocks that will go up own their own. His savings is at least $40,680.00 a year. Enough said for me. I am and will be a position trader. BTW all of this is the ramblings of a newbe. I just jotted down some figures and thought I would share them with all of you. I would like your opinions on how accurate or inaccurate my figures are. dawg