Commissions and day trading

Discussion in 'Professional Trading' started by dv4632, May 22, 2011.

  1. agree as well good assessment.
     
    #11     May 22, 2011
  2. JamesL

    JamesL

    He said 10/trade, 5 trades a day.

    ECM requirements are avg 50 cts/day.
     
    #12     May 22, 2011
  3. soonhwei

    soonhwei

    if trading ~1k RT per month, you can get ~$3.78 per RT. then you can apply membership to cut down your fees ~$1.40 per RT by paying $700/month for leasing a seat.

    $3.78 - $1.40 = $2.38 + ($700/1k) = $3.08 per RT, thats about $3080 per month / ES ~250 ticks
     
    #13     May 23, 2011
  4. mickmak

    mickmak

    10 ES contracts and 5 round turns a day. That's high enough for ECM - electronic clearing member. Go to CME website and look that up. You will get much better rates. Plus, you should check FCMs that can give you a better commission.
     
    #14     May 23, 2011
  5. not to be the bearer of bad news but i believe if you are an exchange member (lease holders are considered members) you have to pay SE taxes which can negate a huge portion of any commissions saved
     
    #15     May 24, 2011