Subscribe Feed (RSS)SHLD
May 18th, 2006 by eyal | Filed under Day Trading. |
Print This Post
The markets opened nicely in the green and I had 2 candidates for long SHLD and BEAS. I went with SHLD which did nicely for a while, till the markets started tanking in the afternoon. I closed it end of day as usual, this time with just a small profit of 0.6R.
I’m curious. When you tally up your “R” after a trade, do you use gross or net (including commissions and slippage) numbers? Lately, I’ve been getting killed by slippage — very frustrating. My broker doesn’t have the lowest commissions (I really should switch), but slippage easily dwarfs that on most trades (usually, slippage is twice the commission). I’ve started upping my target profits a bit to compensate, but in some cases that still doesn’t matter.
Heya Scott, I use nett. Basically divide the final amount of $ added to/removed from my account by my initial risk. Slippage and commish with IB have been quite good.