I don't think I can do it. It's halfway through Jan and I've been trading mini and micro-lots.
The good news (again) is that I've made money and it looks like I'm picking good trades.
The bad news is that transaction costs ate up all of my profit, and a bit more.
When you add in 4+ hours of screen time each day, it's kinda pointless.
I don't think there's any way around transaction costs when day-trading. It's just too much of a hurdle to overcome.
What I can take away from my experience in the last few months is that discretionary trading can work. I am making money. If I can reduce or even eliminate my transaction costs (e.g. trade longer-term with positions that pay positive overnight rollover rates), I think I can do well. So I guess that's the next phase of this project.
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