The per share structure also allows me to scale in or out of positions without racking up even more commissions. I could easily do $100 to $200/day in commissions with the $9.95/trade structure (that’s basically $20 round-trip on a stock) With my new commission structure those same trades could cost me well under $40 depending on the number of shares. First, it’s just much easier to break even (or even to make money). That change impacts my trading in a couple of ways. Now I’m paying $0.006/share instead of my old $9.95 per trade. The ‘per trade’ structure I was on previously. One of the biggest changes for me was switching my commission structure to a ‘per share’ basis vs. When I was swing trading I’d typically just sit there watching all day on days like that because I had some positions on. I’ve also taken advantage of being able to just shut things down for the day if the market’s not acting well. One of the things that sucked the most about swing trading was walking into a morning move against my positions. Mind you, I never ‘lost sleep’ because of my overnight holds but it’s a nice feeling to be able to start the morning in cash and not care what the market’s doing at the open. I think most people will probably be surprised to hear me say that day trading is much less stressful than holding stocks overnight. The switch was definitely the right move for me to make. The switch from swing trading has been quite an experience and I’ve had a few ‘light bulb’ moments along the way as you’ll see below. Day Trading Thoughts I’ve been exclusively day trading for almost three months now. By mid January 2011 a deal was struck and the site was sold to. In the fall of 2010 Blain Reinkensmeyer, a fellow blogger and original fan of the site, began discussions with Mike about transitioning the site to re-spark its original flames.
By mid 2007 though Mike was becoming busy in other facets and was not able to post as often.Īs the market crashed in 20 posting continued to decline. By mid 2006 the site was attracting tens of thousands of visitors and upwards of 200,000 pageviews each month. His stock market recaps and in depth analysis of the market was easy to understand, fresh, and spot on.
Pdf van tharp position sizing spreadsheet full#
Growing With Mike being a Stanford University graduate and full time trader, he quickly grew into one of the most premier resources for independent traders. In January of 2011 the site was acquired by. was originally launched in 2003 by Michael Seneadza.
Pdf van tharp position sizing spreadsheet archive#
This page is an archive page for several of Trader Mike’s () most widely read blog posts from 20 on day trading. He goes on to say that the optimal position size will vary from trader to trader according to their personal objectives and definition of ruin. Van Tharp asserts that position sizing is the most important aspect of a trading system. In Van Tharp's Definitive Guide to Position Sizing, Dr.