We now are carrying one swing trade. As of right now the market is gapping down about .4% with 20 min left before the open. Ideally I would like to see about another 5 to 10 points down on the eminis before putting on more swing trades But we will see how things set up this morning.
“I think I read that you are paying about a flat $2 per trade? At $20 per trade, what sort of amounts would I need to be trading in to make it worthwhile, or I should I just pass altogether? I appreciate that the margins are small on the swing trades especially.”
“I don’t live in the US and the flat fees for stock trades are about $16 each way, the cheapest that I can find anywhere online. (I’m not sure if that includes the US market, it might even be more like $20 per trade).”
To get the equivalent % commission you would have to be placing around $80,000 a trade. Most of the stocks I trade are liquid enough to place that amount but since your going to be carrying at times around a million in the swing portfolio your net worth should probably be around 5 to 10 million before taking on that risk. These trades are far from sure things. So far the market has been in an upward bias. If we were to get a significant correction this method would not appear to be so easy:)
I would devote some effort in finding commissions around $5.00 a trade. There are plenty of brokers out there which I would think they would be international.