An important detail about the wldc "ticket" charge - they only charge you once per day per stock. It is more like a $4 "stock charge." If you trade one stock all day, you only pay $4 in ticket charges, $2 buy and $2 sell and no more for the rest of the day unless you trade something else. At least, this is how the "ticket" charge was applied to me. They are not very up-front about the way the ticket is applied, and that only hurts wldc. There is a big difference in only being charged once per day.
all of you are so focus on insignificant things. Two things newbies need to know. First, All that is important is capital contribution. Pay nothing if you can. If you guys want to trade with zero capital, go to worldco, send in a resume saying you got a 3.8+ gpa from harvard or some other top school and they'll beg you to trade with no capital down. Second, if you can't get around capital contributions then put down no more than 5k. Your deal doesn't matter. what difference is 1 cents a share vs 1.5 even 2 cents for that matter, you trade 100 shares when you start. the difference doesn't add up to sh*t!! once you start making some money, you can get the best deals on the street from them. You just have to keep going back to them saying your going to leave and watch your commissions get slashed so low you wouldn't believe it. anyway the point is if you are not making money why the f*ck do you care about your payout, if you trade a few thousand shares a day what difference is commissions of 100 vs 150 a day. Learn to trade and make a few g's a day, you'll make back 6 months of high commisions in a hour. Learn to walk before you run. just worry about how much you can lose out of pocket in the begining, in the end everything works out, if not the experience costs you 5k or whatever you put down, if you lose 10-20k you are the true mook trader.
lol....thats what i have been saying but in a nicer way. Its really doesnt matter how you are paying in commission (from $.005 to $.02 per share), if you suck you suck no comm is going to keep in the game. i know of this guy that started with a small capital (under 10 k) and know has over 800kin lessthan a year! This is an example of how commission really dont matter. In the beginning what should really matter is not loosing it in the market.
Obviously those who dont care about commissions are not trading seriously. Commissions are of concern to a trader. The fact that you think you can make a few G everyday trading stocks is even more laughable. THese are all chop shops, most, statistical average is 90% traders go bust. My advice....give it up, its not the enviroment for chop shops or 5g up front traders. even if you get 5 to 1. If your not in the game now...its over. Changes have been made that have taken the edge out of "daytrading" in general. Sure,there are oportunities in "daytrading" but it takes capital now. Dont think supermontage is going to help and do research. Funds are trading with funds it the Fourth market, which daytraders have no access to. The "daytrader" as we know is an extinct animal. There are the exceptions to every rule. However, Many switched markets, others incorporated mathmatical box systems to help them scan the market for possibilities. Unless you can team up with a group of pros or come into some money fast... i do not reconmend trading. You will lose and only prolong your pain.
jisoosun: The key to success in any field (IMO) is TRAINING. I was at WorldCo for 3 months and found the training inadequate. As a result, I was becoming discouraged at the growing size of my net loss. A friend told me of another firm that provided one-on-one training and I decided recently to make the move, even tho I would have to put up some capital (which I didn't at WorldCo). The results have been incredible. In the two weeks that I've been trading live, I've only had one net negative day (all gross positive). Mind you, the amount is small (generally under $100), but I'm also trading small size till I get the technique down. Psychologically the rewards have been tremendous (my account is net positive), and clearly demonstrates for me that I can be successful at this endeavor. BTW, I only had to pay $100 per exam (I bought my own study materials), with no additional charges for an employee background check. --Ron
From another post in another thread, I believe he just started with Lynx Capital, having moved from WorldCo. Look at the Lynx Capital Partners thread in the Pro forum.