Friday, April 19, 2013

% Commision Round Trip

Here is a graph that I would like to share that shows the (amount in your account) based on (round trip commissions) i.e. how much you need to make on a trade to break-even. Commissions are based on TDAmeritrade account. A typical green horn opens an account close to 5k, and isn't aware of a realistic target for there trade to at least break even on there commissions. Not knowing this will result in a draw down over time and a decreasing profit and loss over a extended period of time, and not to mention if you lose on the trade. Having an objective consistent proven target with a small account size is crucial to success.

Saturday, March 16, 2013

Thursday, March 14, 2013

ES Update 1541.75 Key Pivotal Low

1541.75 Pivotal Key Low, if taken needs 1530 to hold...< 1530 bears will want 1481.75...Bulls need a move > 1551.75 to keep momentum