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  1. S

    Commissions!! Commissions!! Commissions!!

    first why dont you 'short the shit' out of ET and SDS and show us all how much money you make since they're ridiculous money-losing business. I'm in manhattan, if you want to compare trading results i'll be up for it, no problem. let's compare actual account statements.
  2. S

    Commissions!! Commissions!! Commissions!!

    -------------------------------------------------------------------------------- Quote from sambatrade: the rates are for listed you moron... you dipshit -------------------------------------------------------------------------------- following post
  3. S

    Commissions!! Commissions!! Commissions!!

    if you read my earlier reply, i said LISTED. for nasdaq, you can get .002 base with passthrough ecns at cost thanks wercurna, i really think that all these people arguing against this simple logic are people with vested interests in keeping commission rates high: owners of firms, partners...
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    Commissions!! Commissions!! Commissions!!

    Man, you two are some genuises arent you? Do you really think they're that dumb to be in the business of losing money? Maybe the fact is that you dont realize what the real cost structure of the business is like. How do you assume so much? What knowledge do you have on this? You're just...
  5. S

    3 Questions About Scalping (stock & index traders)

    1) 5-10 stocks 2) losses 25-30c, wins 50-100c, long term average ~5c?maybe? 3) 2-5k
  6. S

    Commissions!! Commissions!! Commissions!!

    the company is publicly traded, so if you want to short it, go ahead it trades on the NYSE: SDS i'd love to see how many "TONS" of shares you're going to short while you're at it why don't you go and short ET, their rates are just as close
  7. S

    Commissions!! Commissions!! Commissions!!

    i just said you should AVOID joining a sub or LLC/trading group and that you should deal direct: ie: cut out all middlemen who take a cut of your commissions and profits for doing nothing for you. now why would I say that if I was a 'mysterious sub of andover'? regarding other posts, there...
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    Commissions!! Commissions!! Commissions!!

    Come on, use your common sense. yes the heads of the group will get a better rate, but unless you're one of the heads, you're not likely to see any of that savings. I know a lot of groups and their pricing behaviours and I've rarely seen them give out fair prices. you'll get more runarounds...
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    Commissions!! Commissions!! Commissions!!

    that's a myth kept going by prop groups. any cost savings they will just keep for themselves and you will not do any better than if you dealt direct. i've always been on my own and several other traders i know of (large and small) and we've never had problems that couldnt be reasonable...
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    Commiserate About what a Difficult Market it is now!

    The most surefire way to increase profitability is to cut your costs now. Cut out any middlemen. Cut unnecessary expenses, software, clutter. KISS. Cut your commissions and Bullet rates. ANYONE DOING DECENT VOLUME SHOULD BE PAYING LESS THAN .005 ALL IN FOR LISTED AND .015 FOR BULLETS. if...
  11. S

    Commissions!! Commissions!! Commissions!!

    1) dont go through a middleman, LLC 2) try etrade, andover, genesis, other self-clearing firms and make sure you deal directly with the mgmt of the brokerage, not some stupid LLC or trading group. 3) you should get around .004 all in for listed and .015 bullets or better, with good software...
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    Why would someone use the Middle Man firm?

    simple answer: because they're stupid
  13. S

    The Idiot's Guide to Premium and Fair Value

    bond basis is the same thing, just futures minus forward cash price.
  14. S

    Commissions!! Commissions!! Commissions!!

    deal directly with a firm. if you go through an LLC you will end up paying more because it's a middleman. Unless you form your own group, again, which again you basically DEAL DIRECT. dont go under any of the LLCs or groups if you want the best rates at the firm. about your rates: you can...
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    Stock trading getting worse

    can you give one example of what you mean by an inefficiency in the e-mini s&p or SPY?
  16. S

    Stock trading getting worse

    where are you trading nasdaq? one of the best nasdaq traders i know of just called it quits. i dont know of anyone TRADING nasdaq doing especially better than in 2002 except for rebate traders and that's just chump change.
  17. S

    Stock trading getting worse

    OK, so good liquidity I see as a slight edge over stocks. I was wondering besides the tax treatment and leverage, what kind of edge do you have trading futures? to the ones who are consistent trading e-mini's, kind of approach are you taking?
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    Stock trading getting worse

    just curious, i've been hearing alot of people moving to futures and fx. I'm wondering why? I know it's hard with stocks right now (personally I'm just refusing to trade till I see some more tradable conditions, I'll wait a long time if I have to but I don't see any point in making my broker...
  19. S

    The Best Commission Rate Ever

    at this point, i do deal direct. so i'm pretty satisfied with my rates. yes, i'd agree, it's kinda suicidal to be doing 5mm a month in this market. you're just making your broker rich. the post i made about the 540k raise was really meant for new people who don't know any better and are...
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