Discussion in 'Trading' started by Sky123987, Mar 8, 2009.
With prices of shares coming down so much, it cost > 2 times to put on the same position.
One word- Futures.
Another word- Forex.
maybe try to negotiate lower rates..
Yeah.. commissions suck.
I trade the treasuries and trade about 500-600 rt per month. Am I getting a good deal at 3.14$ all-inclusive?
Just wondering if anyone can reco some other broker with cheaper commissions.
Don't forget the increase in SEC fees to bang you out as well.
Commissions are a JOKE!
Are you guys getting out after 1-2 ticks?!
I'll admit over $10 is high, if it's disount biz, but still.
$3 or $5 or $7. I never understood this.
WHO are these people who NEED three bucks a trade to be profitable? It's a fine line for some, I guess
Take the treasuries for example, it cost 1.14$ per round in total to place the trade. Anything above that goes to the broker. I pay $3.14 per round turn.
If I trade 500 round turn a month, a $0.50 discount per round would mean $250 savings a month. $3000 a year. That could pay off rent for a couple of months. I don't care who you are, it all adds up.
I rather bargin for cheaper commissions and be a tightwad for this somewhat insignificant monies and put those savings into my pocket.
I'm not thinking about the short game. I want to make this a career.
You should try prop firm trading. I pay approx 35 cents per 100 shares and trade leveraged ETFs. I trade with Next Level Trading. Check out Gil's blog: www.listentoyourchart.com. Pretty good stuff IMO
Try telling that to a guy moving a million plus shares a day.
My edge isn't enough to trade anything < 10 bucks. A lot of those stocks are now falling into that catagory. (I take liquity)
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