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eddyc · 02-11-2008, 12:15 PM

also another question for you experienced traders. I'm newbie and I saw every trade cost around $29 a transaction (relative to the trading company you're with)...

So if I'm planning to play with penny stocks, let's say I buy a 10 shares @ .50 and sell them on couple hours later for $1.00...

I would have made $5 profit, but would have to pay $58 ($29X2) for the TWO transactions I made? So I would have taken a loss at $53...

Is my logic right?

Is it really worth it to be trading it at $29 / transaction then? Or does daily- trading usually outweighs the costs??

Thanks

02-11-2008, 12:15 PM	#486
eddyc RS controls my life! Join Date: Oct 2005 Location: 604 Posts: 776 Thanked 0 Times in 0 Posts Failed 0 Times in 0 Posts	also another question for you experienced traders. I'm newbie and I saw every trade cost around $29 a transaction (relative to the trading company you're with)... So if I'm planning to play with penny stocks, let's say I buy a 10 shares @ .50 and sell them on couple hours later for $1.00... I would have made $5 profit, but would have to pay $58 ($29X2) for the TWO transactions I made? So I would have taken a loss at $53... Is my logic right? Is it really worth it to be trading it at $29 / transaction then? Or does daily- trading usually outweighs the costs?? Thanks