robocop
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LO Exit @ 115.38 ( + 45ct/share => $ 145.60 profit)
CXO Exit @ 101.16 ( -36ct/share => $ -36 loss)
ONXX Exit @ 76.78 ( -14ct/share => $ -20.45 loss)
Profit before commissions is $ 88.55
LO Exit @ 115.38 ( + 45ct/share => $ 145.60 profit)
CXO Exit @ 101.16 ( -36ct/share => $ -36 loss)
ONXX Exit @ 76.78 ( -14ct/share => $ -20.45 loss)
Profit before commissions is $ 88.55
robocop
Well-known member
- Messages
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- 1
Exit @ 59.11 (-8 ct/share => -$ 72)
robocop
Well-known member
- Messages
- 495
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- 1
Exit @ 24.13 ( -35 ct/share => -$ 23.10)
robocop
Well-known member
- Messages
- 495
- Likes
- 1
Exited @ 58.13 ( +11 ct/share => $ 9.35)
robocop
Well-known member
- Messages
- 495
- Likes
- 1
Exited @ 60.04 (+1ct/share => $ 0.48)
robocop
Well-known member
- Messages
- 495
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Daysummary
Entry at crosshair, exit at end of chart
I changed my lot size to start trading with very limited capital (ca. $1000). Risking around 2 to 4 percent per trade. It is of no use to start trading with IGMarkets, because their minimum commission structure is already my inital risk ($30 per roundtrip, that's 3% of capital). With IB commissions this can be viable, but they won't let you open an account if you have only $1000 to trade with, their minimum is $10000 and for daytrading you will need $30000.
Then the alternative is spreadbetting with IGIndex or CityIndex, but then you will need to overcome the spread on a regular basis. The spread differs per stock and time, but is somewhere between 10 and 15ct/share. Thus you will need a move of 10ct in your favor before you get breakeven. It is relativly easy to get 10 or 15 ct out of a stocks daily move, but it is very hard to get 20 or 30 ct out of a move on a regular basis.
To overcome the spread the daily range of the stock must be high enough so you only need a part of the move and not the low and high of the day every trade.
To overcome the spread the daily range of the stock must be high enough so you only need a part of the move and not the low and high of the day every trade.
