Saving money on Tradestation platform fees

Discussion in 'Trading Software' started by koms, Aug 2, 2006.

  1. koms

    koms

    I have a equities / futues account with tradestation and currently I am researching strategy and not trading.

    I am looking for ways where I could somehow reduce on the 100$ + monthly platform fee of tradestation by using some promotionals like

    e.g. free monthly platform if
    10 round turn futures or futures options contracts
    50 round turn single stock or narrow-based index contracts
    equities = 25,000 shares
    equity & index options = 50 contracts


    One option I am thinking is trading 10 contracts of NQ late in the evening or night EST for a target/stop loss of 1 tick ( 0.25 ), which ever hits hits first.
    The worst case scanario will lose all 10 trades for 1 tick each =
    5 * 10 = 50 $ ( loss )
    commission = 2.36(/side) * 2 = 4.72 ( /round turn )
    4,72 * 10 = 47.2 ( for 10 trades ).

    so total = 47.2 + 50 = 97.2$ ( worst case scenarion if all trades go against 1 tick, with assumption that each loss will be limited to max 1 tick. )

    97.2 $ < 100$ + ( i know its not that much , thats why i started this thread )

    I need some more better way to reduce cost futher if possible.

    help your fellow trader reduce some platform fees.
    everybody is welcome to think innovatively to come up with the least possible fee structure (worst case ) using the above promotions.

    Thanks.
     
  2. Surdo

    Surdo

    1. Buy a 5% T Bill in your futures account with $25K to pay for the
    platform fees.

    2. Study real time charts every day, all day, and learn how to make money using them!

    3. Drink 2,000 beers, and return the bottles for a .05 deposit.
    That's only 333.33 Six Packs, or 11.11/Day, you can do it.

    4. You could ARB the Beer and buy it in Illinois with a .05 deposit, and drive to Michigan for the .10 bottle deposit.
    That's 100% return on your money less transportation expenses!

    3. Get a job!