No. of Recommendations: 2
You will indeed have a hard tine doing well if your trading costs
(including the less visible bid/ask gap) are anywhere close to 1%/month.
Elan's good rule of thumb is to keep your trading costs under 1%/year.
There are some things that can help.
Yldearnyear works quite well with hold-till-drop, for example.
The most obvious is to make sure you're at the cheapest suitable broker.
I pay a buck a trade at Interactive Brokers, though there is a monthly
minimum which might make it inappropriate depending on your account size etc.

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