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Midway florida
Posts: 243 since May 2021
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everything I am doing right now is set up fore me to grow. i am already thinking about other markets.. slowly and i am lthinking about sizing how in teh hell do you make money with my thin edge if i wa to get up to say a 10 lot in the mini nq?
the slippage and fees if waiting for the mkt to turn 1st would eat me alive but the saving against when i am wrong would maybe equal it out. so i am nto there yet but this is why i tend to try and enter a lil early instead of late but if small i think its best to enter late. however eventhough i am small i rrarely enter late but it is the safest IMO
if you had a bad a week a frustrating week then make chagnes that is all i can say and this does not mean.. change the chart or the time frame change YOU!!
My espectancy today was NEt of all fees $ 1.91 per contract
if this was the mini it would be $ 19.10 per contract actually a little higher probably 20 which is huge IMO.
with my 1.20 round trip micro futures fees
i did 64 roudn trips today. i have been think about swithcing over to amp. 84 cents versus 1.20 is pretty big savings for me.
76.80 in fees today
if paying .84 = 53.76
so I would have saved $ 23.04 today and had a net of $ 145.45
or 18 % more gain for the day
and today my fees and commissions were 52.8 % of my total GROSS GAIN!! my profit margin after all that work all that risk taking was only 47 %
and then taxes taxes taxes!! so in order to really make a lot of money trading if yu do a lot of trades like me then you need to be making a whole lot more of them and also gettign the most rock bottom fees you ca/
if today was my monthly average of trades lets say i do about 64 a day
then 76x20 trading days= $ 1,520 per mont in fees x11= $ 16,720 in 11 months or ayear assuming i take off a year and this is with typically jsut one lot micros!
if paying .84 my 1 1month annual cost would be = $ 11,827 for a savings of
$ 4,892 per year this doing 1 lot micros
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