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The Reason I don't recommend day trading stocks in Taiwan.Why I don't recommend day trading stocks in Taiwan? "Using TSMC as an example for trading explanation" Using a "valid", "stop-loss", "almost daily trading" short-term stock trading strategy for day trading or swing trading, the results are as follows: 1. Use a positive expected value trading strategy and follow discipline to take profit and stop loss. 2. Backtesting shows a substantial performance chart, 46 months, 527 trades, over five years +72%. 3. However, when you factor in the "0.4%" transaction tax + commission fee, you will find that you will lose badly. Why? The reason is simple. 0.4% is very scary. If you trade 100 times, you will lose 40%. Will a person who trades every day trade 200 or even 300 times a year? With 527 trades, your trading cost is 527*0.004 = -210.8%. Adding the +72% performance and subtracting the -210.8% trading cost, you will end up with a result of -100%, losing everything after working hard for four years without making any mistakes. "If you are day trading stocks, I want to tell you to be clear-headed. The trading cost of day trading stocks is so cruel." Choosing the right market, commodity, and understanding the rules of the game are essential! For example: Taiwan's stock trading tax is 0.1~0.3%, and commission fee is 0.1~0.3% The US stock trading tax is 0.00207%, and commission fee is 0.1%~0.5% Unless you are really skilled enough to overcome the trading cost. I do'nt recommend any traders to day trade stocks in Taiwan. Feel free to share with those who need it to know.
TWSE:2330Education
by Eleta1228