Is .002/share, 0.002 dollar or 0.002 cent?

Discussion in 'Prop Firms' started by qll, Jun 27, 2007.

  1. qll

    qll

    I often see you guys say commissions at 0.002/share level. Is it in Dollar or Cent?
     
  2. 1 cent=.01

    1/10 of a cent=.001*$1

    2/10 of a cent=.002*$1
     
  3. "5 Shares For A Penny"...

    Just think, you could trade $535,000 worth of Berkshire Hathaway for 1 cent!
     

  4. Is that all in? I'll take it, where do I sign.
     
  5. .002=$2 per 1000 shares.

    In this day and age, you should be able to get such a rate from most reputable prop firms provided you trade decent volume and have average negotiation skills.
     
  6. dont forget SEC fees
     
  7. Westward

    Westward

    And ECN. If you lift or hit its .002+.003 in and out. Adds up quick if you throw some volume in there. Add monthly platform charges and exchange fees etc. Now its +$5,000/mo. or $250/day.

    Stay positive..literally.