I was wondering what are your guys monthly expenses for trading and investing, including research, data, software, websites, and everything else excluding commissions.
Look here, 182 votes so far Poll: How much $ do you spend on Trading tools and resources monthly? http://www.elitetrader.com/vb/showthread.php?s=&threadid=51723
No vote option for $0-100.?...My cost is just my internet $49.95 per month. But I just buy options and usually turn right around and close them out if they hit my profit target of 35%...not a stock trader/scalper at all...I can surely see though how traders can have much higher monthly expenses.
$55 for prophet data feed $30 for another prophet data feed 2 IB accounts (free) 2 subscriptions to quotetracker (I love it) $7 Business DSL ($110) USed for other things as well around 200 or so. Just trading expenses, there are a lot more expenses such as my electricity bill being $400 a month
Cable Modem..... $49.00 mo Tradestation..... $100.00 mo Data Fee..... $45.00 mo + Ability to put it all together & make sence of it.... Priceless!!
like you guys my costs are mostly research related, I pay 35 cdn for extreme cable *part of a home package* another 35 for dsl homenetworking telus 20 us for ib level II nasdaq about 200 month for esignal including exhange fees 2750 a year prepaid for 3 years for streetinsight, actionalert plus, realmoney,stocks under 10, valueinvestor, etc package just email there sales department, they are very accomdating and will try to give you a deal for the best deal 250 for business magazines and wsj.com/barrons 250 for briefing.com and I use to subscribe to streetaccount but I found it slightly more useful then briefing 300 for various magazines, trades thats I research not including books.