hi guys, what kind of commissions are you guys paying? also do you pay ECN fees on top of that? did 259k today + 2,300 gross but commissions and ecn fees make me negaitve on the day.... am i getting screwed? (.005 rate + $1 a trade + .0004 arca) thx
Net 650. "step back, take a few minutes for the next trade". This rule helps me a lot not to overtrade.
Today's P&L: about $900 I was losing about $1000 just after my lunch. I made it back and had a net profit of near $2000 in the afternoon trading session. But I lost these profits and was even losing a few hundred dollars at the last hour. However, I made more than $1000 by trading in the after hour market. It is not an active day for me and I am happy to have a profit today.
Please tell us the name of your shop to make sure no one ever goes there. Rape is an understatement here.
I paid $0.005 per share (absolutely no other fees) at InteractiveBrokers. This rate is a decent one for a retail trader like me. I believe that otherr heavy traders at this forum pay significantly fewer commissions than I do probably because these traders pay wholesale commission rates.
I do a fraction of that daily volume and pay much less. You're getting whacked. Re-negotiate right now. If they don't give you .003 or better you'll have no problem getting it elswhere. I'm sure you've receiveed 100 PM's from guys trying to get overrides off you, but you won't get one from me. www.echotradeonline.com Been there since 2002 for a reason.
Rough day: -130.00 total futs today. Very bad ZG trade then worked to get back to this total all day with YM and QM trades. Was down -870 from ZG. +600 EUR/USD +1110 GBP/USD