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â¬â¬â¬Eurexâ¬â¬â¬
- Thread starter trade4succes
- Start date
Good morning to all of you!
Sorry I can't be specific. In comparison to IB I pay higher fixed fee and lower transaction fees. And yes, commissions are still a major factor, so yes, I am still overtrading. I managed to bring my amount of rt's down a lot though.
Over- or undertrading seems to me to be just as much of a strategy issue as it is a commission issue. In order to slash commission costs you could go down to one trade a year, but if you're a winning shorter term trader, it's obvious you would be undertrading. It's all in the balance. (the same with choosing your broker, a full service, full price one might be perfect for a position trader).
Yesterday, while reading "the intuitive trader" an intuitive insight came to me; lately I gave myself a daily goal of +- 10 points, while leaving myself a vague stoploss for the day. Now I thought this would be the same as cutting your winners and letting your losers run. So I changed my daily stoploss to 10 points, and leaving the profit open.
The bunds already traded 40k! High 44, low 34, open 43. I leave that contract for when I am more settled, but it seems like a good morning play!
Sorry I can't be specific. In comparison to IB I pay higher fixed fee and lower transaction fees. And yes, commissions are still a major factor, so yes, I am still overtrading. I managed to bring my amount of rt's down a lot though.
Over- or undertrading seems to me to be just as much of a strategy issue as it is a commission issue. In order to slash commission costs you could go down to one trade a year, but if you're a winning shorter term trader, it's obvious you would be undertrading. It's all in the balance. (the same with choosing your broker, a full service, full price one might be perfect for a position trader).
Yesterday, while reading "the intuitive trader" an intuitive insight came to me; lately I gave myself a daily goal of +- 10 points, while leaving myself a vague stoploss for the day. Now I thought this would be the same as cutting your winners and letting your losers run. So I changed my daily stoploss to 10 points, and leaving the profit open.
The bunds already traded 40k! High 44, low 34, open 43. I leave that contract for when I am more settled, but it seems like a good morning play!
hey funster!
I have just the euro/dollar on my screen, it's pretty volatile too lately!
Wonder how late Nokia reports, can't find it on their website. Could make the market move for a good 5 points if unexpected imo.
I have just the euro/dollar on my screen, it's pretty volatile too lately!
Wonder how late Nokia reports, can't find it on their website. Could make the market move for a good 5 points if unexpected imo.
italy bus conf was at 8:30 gmt. it was about 2 points better than expected. the effect on the market was miniscule if any.
yes, i've seen uk figures effect the esx! it's all interelated isn't it.
the new stoploss measure is working allright.
allready 43 rt's though and just 3 points up. mainly to a big mistake i made earlier. I still make a lot of mistakes in scaling in. when i press a winner and making my position twice as large, it often goes right against me and make me actually lose on a good trade.
yes, i've seen uk figures effect the esx! it's all interelated isn't it.
the new stoploss measure is working allright.
allready 43 rt's though and just 3 points up. mainly to a big mistake i made earlier. I still make a lot of mistakes in scaling in. when i press a winner and making my position twice as large, it often goes right against me and make me actually lose on a good trade.