I don't think it's the best deal out there! I pay about 0.6 cents of a share (all in) and I get 90% payout. The true ECN costs are around 0.4 cents of a share, and the rebate is only significant if you do the volume. My volume is around 30-40K a day and a rebate would be insignificant for me. Sounds a lot better than 50% payout to me!
Like I said, the money may be good but you're not learning real directional trading. Plus, I'm going to be trading for a long time whereas the bid/offer jocks will probably burn out in a year!
My guys avg 400k shrs a day and pay close to nothing IN COMMISH.At 40k shrs a day I hope your doing well.My guys make 19/20 days everyday.I guess if it works for u great.As well 6 cents is a joke.
Try trading stocks like Ebay instead of those candy-ass penny stocks. You don't need to write 400K shares to make good money! Just be selective and trade the ones that MOVE! Believe me, I'd rather take a 2000 share Ebay position than a 100,000 share WCOM position! P.S. What's the difference between paying 0.6 cents/share with a 90% payout and paying nothing with a 35% payout? It's not much different is it?
I think he meant to say 6/10th of a cent, not 6 cents. Anyone want to pay 6 cents? I got a job for them. LOL!!!
Get a life dude.You just dont get it.We trade anything that moves.Cheap expensive EVERYTHING.We use the bid/offer strategy to KEEP COSTS DOWN .Why can such a great trader like yourself NOT understand this BASIC 101 trading strategy. Futhermore I put my guys againt any one of your BEST trading days.I offer a service for aggressive traders wanting a fair shake.It seems you have it all figured out like the stock market.
Everyone got their own strategy, no need to kill each other over whose is better. People choose the strategy that suits them, that's all.
I understand your view. Rebates are a good vehicle for keeping costs down. But when you design a trading system around rebates, then I have to disagree with you.
I'll take you on! My best trading day was $28K on 65000 shares. It was 2 years ago, but you didn't specify a time limit!