Registered: Oct 2003
06-26-12 09:02 PM
Quote from ExchangeBonds:
Are you really serious? I hope you're trolling but I'll explain it even though it has already been shown in math already. Btw, we are assuming the total value of the futures contract is what is being taxed. So let's take a .1% on a $60,000 contract, that is $60 a a trade or $120 tax a round turn. Now for a specific example. I trade treasury bonds and those are $100,000 a contract. That's $100 a trade or $200 a round turn. Currently I pay $3.16 a round turn. I now have to make 7 ticks in bonds to just breakeven with that type of tax. IT IS EXTREMELY PROHIBITIVE.
edit - I think i read it wrong and you are saying make a comment on their site, but this example can't hurt anyway
it was a rhetorical question. i,myself, have provided the mathematics to show that an active stock trader would lose his entire capital with a .001 ftt.you,finally,, figured it out and came to the correct conclusion about making a comment on their site.. however, u did not take back the negative trait (trolling)that you attributed to to me.