Phase 1 of Trading Shift
In accordance with the list of changes I need to make, I’ve begun the process of changing brokerage firms. As of this morning, my Think or Swim account is active with an options per contract rate of $1.25. Zecco’s base contract rate is $4 + $0.65 per contract. The switch to TOS will save me, on average, $2.50 per options trade. In the past couple of months, my options activity has increase to approximately 200 trades, or about $1,000. The switch will save me at the very least, $250. Along with their software platform and instructional classes, I think I’ll be extremely happy with the move.
As for the fundamental shift in trading styles, I’ve gone ahead and ordered from Amazon John J. Murphy’s Technical Analysis of the Financial Markets. From the reviews I’ve read and gathered from other technical analysts, Murphy’s book is the gold standard in the industry, a “Bible” for all TAs so to speak. That should be coming in within the next week.
I’m also looking at redesigning the theme of this blog. Over the past month Investingadventures has gone from being a little known blog to averaging 75 visitors per day. I never assumed a personal blog for my thoughts would be read by so many folks. It’s encouraging to say the least! If you have any suggestions on low cost theme redesigns let me know. I know a few folks use Unique Blog Designs but they’re a tad pricy for my tastes.
I have some computer simulations for my PhD to run this morning. Once those are settled, I’ll go ahead and continue the ETF series. the emerging markets ETF (EEM) is next on the list I believe. Good luck the rest of the week!
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