I had to come in a little late today because of prior engagements. I feel good and hopefully I'll have a good day. Good Trading!
He probably pays around $2 per execution, but there are still ecn, nasd, and sec fees. And those add up quickly, especially on 18000 share lots.
Let's be realistic. Both you and I know that sec fees and taf fees are puny. I've traded 380,000 shares in a day and have had $25 of tiny fees.
Don't discount those fees, they add up to the cost of leasing a nice BMW. But good job on the journal, most people aren't willing to put themeselves out there like you.
GoodPunk, Please answer my questions on page 60. Also, what is the business model of the team concept? Specifically, how are you to be compensated for recruiting and leading a team? thanks
There's no price limit on the stocks that we can trade. Yes, partial fills are executions. So if I bid for 2000 and it takes 3 fills then that's three executions.
Well, as far the business model goes, basically it's just like a team. A successful group can negotiate better commissions, higher payouts, and better leverage. Don't get me wrong, the trader is NOT paying me at all. The firm pays me a percentage of the traders net.
Well, I got my hands on a sony psp today. A very sexy device. I made $90 and spent about $50 making it. Whatever.... I had 8 buy executions, 5 sell executions, and 99,930 shares traded. Have a good weekend!
ECN fees are cheap. So it's raining today. That sux. Today is one of those days I wish I had my own account with my own money. I didn't want to come out into the cold and pouring rain. I wish I could have stayed home and traded from there. So here's the agenda for today. I'm going to trade passively and I WILL NOT pay the spread today. It seems as though I've been getting it handed to me when I pay the spread. If I miss a move because I couldn't get in then so what!! Be patient and the opportunity will present itself. Good Trading!