RE: Welcome back11 Feb 2020 22:13
I had the same natural resistance to selling at a price below what I paid but I resolved to try Ts system for a week or two to try it out and generally I am content to continue.
I have mentioned a few times that I prefer non stamp duty shares as the spike/shake technique works with a smaller range and of course you don't give up some profit to the exchequer! Most AIM shares are no stamp duty and don't forget that parcels below £10,000 do'nt pay the £1 levy either. AIM shares have risks though so be careful. I have been frequently trading FEVR and ASC lately, both non stampy. I even managed to trade FEVR 12 times (6 buys, 6 sells) in 4 hours a couple of weeks ago. I even ran a commentary on this board about it until I was told off!
2 times £12.50 plus 0.5% of share value (£25+£62.50 = £87.50 for 1000 shares at £12.50) for a sell and a buy back.
When I am trading, I visualise the stamp duty as 0.5% of share price, i.e. 6.25p
The £25 fees spread over a 1000 share sell and buy back equates to another 2.5p
so you are looking for a change of 9p to reach breakeven.
According to Treacle the oracle, OCDO will usually trade in a 50p range each day.
Remember that the 9p breakeven I mention above is not particully relevant on those occaisions when circumstances determine that you are buying selling for less than you paid.
Ts system advocates using all the money from a sale to make the next purchase. I fully support this. When making a purchase and requesting a quote, it will state how many shares you will be getting for your money. Hopefully, this will be more than you sold but note that it automatically takes stamp duty and charges into consideration so it is easy to see your change in shareholding if you accept the quote. Obviously you ask for the quote for "value" of shares as opposed to "number" of shares.
I have no doubt T will check my above figures. Good luck
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