Who profits when retail traders lose?

What he said.

 

Amen to that. I lost plenty in the early years. If I believed someone had the "fix" in I never would have kept trying to make it. Looking back now, I can see why I lost money, it doesn't matter who I lost it to. Once you lose....you lose LOL.

 

This was defo a factor but much less so now. I remember a collegue of mine who was broking in the late 80's and had a client who had made 16 trades 13 of them winners and was still in the red due to comms which were over 150 bucks R/T in those days for retail accounts. Even instituational accounts in the 90's were getting ripped I was charging a very big Telco 3.5 pounds a lots excuction and clearing one way and they were happy to pay try getting that now and they were doing size. Ching ching!!!

 

I guess the 95% losers feed the 5% winners....thats a lot of money floating around.

 

That is excellent opt789. Different strokes for different folks though. Anytime I try to reduce my commissions by trading less frequently it negatively affects my bottome line. I am at peace with my firm and subllc making a nice living off my commissions since I have profited handsomely as well these last 9 years. It's really just my cost of business.

 

Exchanges, brokers, the taxman, and the small minority of consistently profitable traders.

 

When I lost my account I recall calling them F...ing Cu..s!

<img src=http://thegreatsithacademy.com/images/anakin.jpg>

 

My commissions to gross p/l is around 6% on my intraday trading.

 

It all depends how you trade. Placing only a few trades per day, and aiming for decent sized moves pretty much makes spreads and commish a non issue.

The issue is how well you place and manage the trades, which in itself takes a lot of practice.

Scalping like a madman definitely requires some serious skill to avoid getting eaten up by commish and spreads. Its why I have never been able to do it.

 

Commissions are nothing more than a cost of doing business, deal with it.

90% lose before they "GET IT", 10% will take your marbles because they "HAVE IT"

Game over.

PS: Fresno State is thumping Georgia in College world series. I hope they win, great story of underdogs. Some kid has smoked 2 homeruns and a long double and brought in 6 runs, if they win he will get laid at least twice when back at school.

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