Hey Sawyer,

Glad to hear from you again.

You can find my videos on Position Sizing in module 7 of our free basics of trading video course.

Have a look through those and let me know if there are any questions.

Best Regards,
Dave

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Disclaimer: Trading is risky and can result in substantial financial loss. As always my posts are simply one traders opinion and should not be taken as trading advice. I am not a financial adviser so everyone please do their own analysis and take responsibility for their own trades.

Sawyer,

It's hard to tell how much you would have been slipped without watching the real time market conditions when you traded. Sometimes you get the exact price, sometimes you get slipped a few pennies. It depends.

Also, $10 commissions are a bit high. If you're going to be daytrading, meaning that your account balance must exceed $25,000+ to avoid the pattern daytrader rule, you should be paying about a penny a share. Keep in mind that the minimum order size is usually $1. Brokers with that setup are Tradestation Securities and Interactive Brokers.

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Shaun Overton
OneStepRemoved.com
Strategy and Automated Trading Development