On friday, I entered a credit spread on $SPY. I 'risked' US$1,725 to earn a measly US$75 profit(which translated to only 4.3%). There's a total of 18 pairs of spreads (i.e. 36 legs).
Unfortunately, the trade was executed on optionsXpress and the commissions summed up to US$74.92! If you still don't understand what it meant, my net profit is only US$0.08!!!
Once again, Stupid me to invest US$1,725 to earn US$0.08!!!
If you are interested to find our more about me, Forex Trading or my Forex Asia Academy, let me welcome you to my complimentary Forex session. Please feel free to visit my corporate website to find out more. Get in touch with you real soon!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment