Too many fees and a new 'subscriber', guess who!

The last two days of the week were kind of neutral. No major losses nor gains. But we have noticed the algorithm selected too many stocks which were too cheap, and if I counted correctly we paid $114 in fees. That is too much, we can reduce fees to about $4/day if we trade more expensive stocks. Since we have not seen signifiant difference in results when removing all 'cheap' stocks, we will trade only stocks whose value is above $40, effective Monday. That would decrease our weekly fees to about $20/week.

And we have a new subscriber, guess who! Yes, we will dogfood our system using the recommended amount, putting our money where our mouth is! Our first day of trading was Friday, and we lost exactly $1. Does not match the exact results displayed on C2 because we manually trade. We wanted to use auto trade, but C2's support for IB (Interactive Brokers) is poor, requiring use of TraderStation or Trader68 to constantly run on your computer, which kind of sucks. But since IB just released their app for Android, now we can trade easily with our phones.

And here are our latest results.

6/24/11 9:30	SELL	800	AMD		6.98	6/24 15:55	6.89	Low	$56
6/24/11 9:30	BUY	100	A		49.23	6/24 15:55	48.47	Low	($78)
6/23/11 9:30	BUY	100	A		48.20	6/23 15:55	49.35	Low	$113
6/23/11 9:30	SELL	700	AMD		6.92	6/23 15:55	7.07	Low	($118)