ym is it worth buying a seat.

Discussion in 'Trading' started by bsparkyman, Mar 13, 2007.

  1. ammo

    ammo

    the tax on capital gains is around 18% i believe,much lower than a normal income tax
     
    #11     Mar 14, 2007
  2. Exchange members are subject to self employment taxes. (i.e. an additional 16.5% that retail traders don't pay).

    If a membership is only going to save you an extra grand or two per month it's not really worth it.

    YM is a hard contract to trade size in on a consistent "all day" basis. I'm only a 10-30 lot index trader and I find the number of partials to be a pain in the ass in YM. Hence unless I'm spreading YM against NQ I rarely trade it.

    Obviously the time to buy a seat was before the mutualization of the CBOT and CME.
     
    #12     Mar 14, 2007