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%...