I mentioned previously that Empire Avenue charges 11% or more for trading someone a multiple times in a day rather than the 5% you pay on a first trade. I feel it is important that people know that, but let’s look at the impact of waiting a day. As of last night, my stock price was $26. The extra 6% commission on a trade would cost $1.56 a share. Meanwhile, my stock price rose about $16 last week, about $2.28 per day. So, on an expensive, slow moving stock, it pays to wait, but on a fast moving one — jump.
– RZR on Empire Avenue
Posted on Wednesday June 16th
