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Tradingdaily27

83 Posts.

30/06/16

18:52

Post #: 18164169
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Originally posted by demoniaco ↑

For DTs I personally don't deal with anything under $2.5k because the fees are too high to justify making trades with any less.

I stick with 5k parcels on average, or 10k for ones I am 90% certain of.

You have to make 4% just to break even on $1000, 8% on $500. Then you must consider that if you use $500 to make $540, that $40 profit needs to be taxed too, so you're still not ahead.

With $5k parcels, only need +1% to get ahead.

Each to their own. Perhaps do short term trading with your sized plays rather than DT's. But in all honesty, I would recommend doing paper trading while building up more bank before DT'ing IMO.

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Thanks Demoniaco, i currently have to pay $11 in and $11 out for CMC so thats only 2% so hopefully i can find picks to make at least 3% while i learn, my total portfolio is $3000 at the moment so once my confidence grows i shall grow my parcel size, i definitely need some money to make money. Thanks for your advice
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