JTH's Account

[JTH]

Good evening everyone.

Of all the blogs I read, not one of them is a bull and they all seem to think we are about to fall off a cliff.

I generally don't use stops, but with all this volatility we've been getting I'm using them now. I have loose 10% stops on IO, SLV, & SSO. I may adjust them later.

Take care...

[JTH]

Bought SSO at 18.64

Got stopped out of SSO and IO

Oh well, I should have picked a better position on SSO, and I should have dropped IO about 2 weeks ago.

[etftalk]

Good luck JTH. I agree, there are a lot of folks looking for a precipitous drop, although there are a lot of bottom callers as well. This is a tough market 4 sure.

[JTH]

Bought SSO @ 19.26 (Total Basis)

Stopped out at 17.30

[JTH]

For those of you that don't know, I'm getting killed on my transaction cost.
If cost 13.95 a trade, so if I buy & sell something, I have to to gain 27.90 before I start to make profit.

For those of you who think I'm crazy, I chose this account because it cost 50 dollars to open it, and I already do all my banking with USAA.

The good news it says once I "Execute 25+ trades/90 days" the price goes down to 5.95

In the meantime, I'm getting killed here trying to pick positions...

[Gumby]

For those of you that don't know, I'm getting killed on my transaction cost.
If cost 13.95 a trade, so if I buy & sell something, I have to to gain 27.90 before I start to make profit.

For those of you who think I'm crazy, I chose this account because it cost 50 dollars to open it, and I already do all my banking with USAA.

The good news it says once I "Execute 25+ trades/90 days" the price goes down to 5.95

In the meantime, I'm getting killed here trying to pick positions...

Scottrade just charges $7 each way from the start.
Twenty years ago, before computer trading, when I used AG Edwards, they charged about $100 each way to buy 100 shares through a broker. So I only bought big companies like Walmart and IBM and held onto them. A person just couldn't afford to trade back then.

Now $27.90 is pretty steep for a round trip trade if entered via the web.

[JTH]

Now $27.90 is pretty steep for a round trip trade if entered via the web.

Wow, I didn't know it use to cost that much!

You're right, I'm getting shanked right now. With the amount of money I have in my account, I need to be super right on picking positions, or I get hammered, like I did today.

I need 10 more trades, then I'll be charged 5.95 1-way

[JTH]

Good morning everyone

Jan recap: Crappy

Feb recap: Crappier

My plan for March is to stay nimbal and only focus on a handful of ETFs. Last month I was too impulsive and that doesn't make me a good trader under these volitile markets.

My best to everyone!!!

[etftalk]

Good luck JTH! Here's to a positive trading month in March!

[justbizness45]

For those of you that don't know, I'm getting killed on my transaction cost.
If cost 13.95 a trade, so if I buy & sell something, I have to to gain 27.90 before I start to make profit.

For those of you who think I'm crazy, I chose this account because it cost 50 dollars to open it, and I already do all my banking with USAA.

The good news it says once I "Execute 25+ trades/90 days" the price goes down to 5.95

In the meantime, I'm getting killed here trying to pick positions...

Zecco $4.50 per trade free if >$25000 or after 50 trades in a month.