10-08-2014, 03:00 AM
(10-07-2014, 07:42 PM)Lewys120 Wrote: Feeling ripped off paying $18 a trade!
I don't trade much so don't really mind.
Paying a BIG premium for the service
Discipline will play a big part in your success early on.
Keep your trades to an absolute minimum. At $18 a trade with minimal capital I'd be looking to accrue ~$3K before purchasing a new equity or adding to an existing one, keeping my transaction cost to ~0.6%
If you accrued $1K 3 different times and made a purchase at each $1K you'd be pissing away nearly 2% of your hard earned capital in transaction fees alone