When to Change Speeds
October 27, 2022
And regardless as to how low our commission costs may be per trade, the slippage of constantly getting in and out of trades likely far exceeds what we pay in commissions. It’s the hidden, sneaky cost that is hard to quantify. But trust me, it’s real.
There is no right answer on how much is too much or too little trading for you. But a good rule of thumb might be this: If we’re winning, it’s probably ok to step on the gas. If we’re losing, then it might make sense to slow it down, take our time, and make sure we’re only trading our best setups.
How do you manage your trading speed? I’d love to hear about it.