Just as a reminder.. the main point of my thread was mainly COMMISSION+FEES. 30 bucks a month is not the problem, its trivial, the problem is most traders cannot beat commissions and fees on a per trade basis. Sooo, trade stocks and pay virtually nothing and give yourself a fighting chance.
Exhibit A. Most traders pay about 4 bucks per trade futures and take about 200 trades a month (modest) Thats 16 ES points to break even. 192 ES Points per Year to break even. Let that sink in. Good Luck.
Lol, if I told walmart they had to pay a 25% tax on every product on there shelf they'd be out of business. Trading futures is like walmart, very small margin.
Au contraire! By trading stocks you have a much worse tax situation as opposed to section 1256 contracts, like futures and FOPs. So the niggly little extra 15 bux per month you may have to pay trading futures, you can make with 2 damned ticks in the ES on a 1 contract trade, to pay for the increase. Whoopie F do?
I expect them to be currently trying to find ways to increase fees after this Pandemic to compensate for lost revenue. wrbtrader
I dont think you read my last 2 posts, dont care about 15 bucks per month. Thats amazing that futures get awesome tax treatment... The good news is everybody pays $0.00 tax when you lose every year no matter what you trade.