Quote from krishiyer:
I agree with you that Iam penny wise & pound foolish.Sure computers are not as cheap like in the US where you get a nice machine with 17"LCD for even $300.
Since Iam always going in between the bid/ask & some times grab the small size offer/bid(not offered by market maker)
faster broad band+ a better pc with dual monitor is a must!
another broad band(different provider) with 2 new pcs has to be done quite soon.
My daily average target profit is $250.
It will pay itself in a couple of days.
I'm sometimes penny-wise but pound-foolish too.
But it is sometimes good to penny-wise. It is to avoid over-budgeting. Who knows for sure you must get back what you spend.
Should you spend on charting which charge $60/month [more features, of course], or use cheap charting $30/month?
You thought this (expensive) spending is worth it since you could get back all your costs in trading; but it turns out to be much disappointing, or you don't really need that.
