Quote from: BitFun on February 08, 2012, 01:13:17 AM

Quote from: RandyFolds on February 07, 2012, 12:51:47 AM

Quote from: BitFun on February 07, 2012, 12:43:21 AM

Hey all,

So I'm fairly new to day trading and something i'm having trouble with is keeping track of the fees that come with transactions on MtGox. I attempt to calculate the fee costs before making a buy/sell to be sure the profit will cover it, but somehow i keep coming out negative due to fees. Can anyone help me out with this?

Or in short, how can i tell how much of a gap i need in buy/sell price to make a profit at a .60% trade fee?

Make sure the spread between your sell price and buy price is greater than .6%...

So i just take 1.2% of the usd I'm spending and make sure I'll profit more than that, correct?

Correct. In my previous post, I forgot about the whole getting screwed from both sides thing...so .6% on each side of the trade.