Originally Posted by
alevin
... Friday I did decide to try to unload slightly less than half my GLD (coulda, woulda, shoulda dumped the entire amount for sake of trading cost if nothing else). Bought it at 90, sold partial at 85.55.
.... So far ( mostly due to trading fees), I'm down about 6% between the two accounts total-losses incurred in the taxable account. The more I trade the more account fees eat into the capital base, even when I don't sell for a loss.
Gotta watch that way more closely and do even better job of picking things I'm willing to hold for longer periods, or things with high volatility where I can get in on the right side of the trade and have enough time available to react to price changes. Not sure what that will be yet, workin' on it tho.