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Playing & Trading Strategy

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I believe it's greater than 2% (since commission is 1% per transaction)

Posted by: stokersy on Aug 10, 13:23 in response to KaylahCOV's post So I need to get 3% out of a stock (or more, of course)...

Thus, if you bought and sold (or shorted and covered) a stock in one day, it would cost you 2% of whatever the total cost it was to buy. Thus, if it goes up more than 2%, you should be GREEN!

So I need to get 3% out of a stock (or more, of course) in order to have a real GREEN day, right? KaylahCOV Aug 10, 10:57

I believe it's greater than 2% (since commission is 1% per transaction) stokersy Aug 10, 13:23

2.01% would do it if you traded twice (buy in AM sell at night.) It wouldn't be a very green day though. {nm} PVL Admin Aug 10, 16:05

eh. That's what I've been doing. buy in AM, sell in PM. I can come out with a little over 100K a day. Then I play openers... KaylahCOV Aug 10, 17:40

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