Commissions!! Commissions!! Commissions!!

If you traded from home and found out that you required more news services, squawk box, etc. it would cost you more money out of your pocket anyway. So you might as well stay with a firm that provides everything you need to be successful at trading even if you have to pay a little extra. It's the cost of doing business. Trading is still a business that requires a lot less overhead than many other types of businesses.

 

i just said you should AVOID joining a sub or LLC/trading group and that you should deal direct: ie: cut out all middlemen who take a cut of your commissions and profits for doing nothing for you. now why would I say that if I was a 'mysterious sub of andover'?

regarding other posts, there are many offices that dont have what you think a 'professional' office should have. for example, how many offices have bloomberg? and the main point i've been trying to make is that it pays to do your shopping, just because you pay higher in commissions doesn't mean you get anything extra. in many instances, you can get more and pay less. that's how opaque this industry is. I think it'd be great if people posted their deals here so we can really see what average deals are like.

me:
3-5mm month
.0035 all in
.0125 bullets
good software, tech nearby, bloomberg, sipc.

 

[I think it'd be great if people posted their deals here so we can really see what average deals are like.

me:
3-5mm month
.0035 all in
.0125 bullets
good software, tech nearby, bloomberg, sipc.
[/B][/QUOTE]

I think I would be even better if the firm you traded for was public so i cold short the shit out of it and make a ton of money...any firm charging 3.50 /1000 all in for an order that may have gotten executed on BRUT or even ARCA is losing money for the sake of volume.....unless of course, youcan only trade on ISld??? Heck even a 1000 shares executed on SOES won't cover it.

 

the company is publicly traded, so if you want to short it, go ahead it trades on the NYSE: SDS

i'd love to see how many "TONS" of shares you're going to short

while you're at it why don't you go and short ET, their rates are just as close

 

who has the least expensive rates?

tradstation is looking good, maybe ill buy the stock TRAD

 

I think I would be even better if the firm you traded for was public so i cold short the shit out of it and make a ton of money...any firm charging 3.50 /1000 all in for an order that may have gotten executed on BRUT or even ARCA is losing money for the sake of volume.....unless of course, youcan only trade on ISld??? Heck even a 1000 shares executed on SOES won't cover it. [/B][/QUOTE]

Great point TM! I couldn't have said it better myself. Why would they be in the business of losing money?

 

I have been reading your posts for months now wondering who is this cat that "knows it all" and continuously bangs the same old tired drum? Who is this guy that seems to contribute nothing of substance to this message board? I finally figured you out...you're a retail piker! What's the matter, couldn't pass the 7 or 55? Only retail guys get SIPC insurance, professionals don't. Your disadvantage is leverage...you keep playing with that 4:1 intraday. There are many advanatages to going with a prop firm. The main advantage is use of the firms capital. I have an edge in my trading. In fact I have multiple edges that I am working to exploit. How do I best exploit them? With 4:1 buying power and having to commit all my funds to my trading account? That's real smart. NOT! My unlimited buying power provides me a huge edge over you and your .0035 rate all in. I can aggressively pursue my edge in multiple simultaneous strategies. For example, one of my strategies edge is as little as .005 cents but I am still able to bang out money every single day because I can get into the laws of large numbers much faster than someone bound by the constraints of 4:1 margin. More importantly, I know what my risk is with my prop firm, I can't lose more than I put in. Why would I need SIPC insurance? I manage this risk by controlling the amount of capital in my account. By sweeping funds out on a regular basis, I then put my excess capital to work in other investments, these include realestate, coins, and gold. Each of these has significantly outperformed the market for the past 18 months. So you tell me who has the real advantage? The retail piker or the professional prop trader who systemically trades and exploits his edge, manages his systemic risk, individual strategy risk, and firm exposure risk?

As far as bloomberg goes, who has time to read the news and watch for headlines in the middle of the trading day? The tape tells all. I might get caught in the intitial move in the stock, but a quick read of the tape, and quick thinking and reaction on my part and I will on my way out of trouble in a matter of seconds, all the while you are still checking the news and reading the story. Bloomberg is way overrated as a trading tool.

As this applies to trading, the bottom line is this. If all you are worried about is your deal, then you will be out of business very soon. In life, we get what we focus on. If you focus on, and work at becoming a better trader, you will do that. The true edge in trading comes from finding trading strategies that work and systemically exploiting them, fine tuning them, and puling conistent money out of the markets. Not, and I repeat, NOT in shaving an extra 5 or ten basis points off your commission rate. Especially on volume of only a couple million share per month.

 

Man, you two are some genuises arent you? Do you really think they're that dumb to be in the business of losing money? Maybe the fact is that you dont realize what the real cost structure of the business is like. How do you assume so much? What knowledge do you have on this? You're just making silly comments without any backing.
I doubt you truly believe what you're typing and I sincerely think that you have ulterior motives which is why you're posting these comments (you're probably owners/partners of LLCs or trading groups, or somehow benefit off of overrides or COMMISSIONS). If you really truly believe this then why dont you "short the shit out of it"?????????? you can short ET and SDS tommorrow, why don't you do it since they're such money losing businesses???? Post your account statements so we can all see how much money you make!