I am bored of small wins. Would it be dumb to risk more to make it rich?

Overnight said:
If .005% is going to kill your or anyone else's "daytrading", you're not serious at all.

Let me put that in perspective for you.

If you make $1,000,000 with that tax in effect, you pay $50. If that is too much for you, send me your money and I'll trade it for a bit more, but you won't be paying the government all that tax to pay off loans for kids you hate, who are in debt. lol!
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.005 is a lot. 100 shares of amazon is 189700. times .005 every buy and sell is around $948.50. A round trip is about 2k. It will kill daytrading.

Edit: Actually you been posting more than me so you might be more advanced. But yeah .005 is a lot
 
Steven W said:
.005 is a lot. 100 shares of amazon is 189700. times .005 every buy and sell is around $948.50. A round trip is about 2k. It will kill daytrading.

Edit: Actually you been posting more than me so you might be more advanced. But yeah .005 is a lot
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Yer not doing the math correctly.

You're saying that Bernie said .005%, not .005. Do I have it wrong?
 
Steven W said:
I think to me my trading account is just numbers on a screen. I do not have debt or kids so money doesn't bring me much happiness except the thrill it brings. The most frustrating thing I find with daytrading is that it is hard to grow and expand like a business unless you risk more and without growth I feel empty. Six years of averaging low 100ks and I'm ready to move up. And I figured might as well make the most of it in case/before Bernie decides to kill daytrading with his outrageous .005 transaction tax. I know you guys think I was trolling but I'm not. Daytrading is the only thing I have to look forward to and that gives me excitement in my life.
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How is your account still in the low 100ks after 6 years if you are already up 130k ytd? Have your been withdrawing all your profits or have you not been making any money in the last few years?

Also to answer the original question. Your trade size should always be consistent wrt the size of your account, it will grow bigger if you are compounding your gains (and growing your account) and you should not even notice it.
 
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trickshot said:
How is your account still in the low 100ks after 6 years if you are already up 130k ytd? Have your been withdrawing all your profits or have you not been making any money in the last few years?

Also to answer the original question. Your trade size should always be consistent wrt the size of your account, it will grow bigger if you are compounding your gains (and growing your account) and you should not even notice it.
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Taxes and spending on rent etc. And I said I've been averaging low 100s profit every year for the past 6 years not my account value
 
Overnight said:
I'll wait to get the real info. Too much confliction.

I wish I did peyote. I like chickens. (This has something to do with options, I can feel it. Like a flower).

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Let's hope it doesn't pass. It will make daytrading impossible
 
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