anyone use alpaca, the commission free api trading?
- Thread starter trend2009
- Start date
Do a little math!$60,000 in commissions a year?
That's 60 RTs in a Globex future, per trading day. 10 an hour, 6 working hours.
5x or 10x of SPX verticals? (How many S&P 50+ pt. days have we had in the past 2 weeks?)
Multiply by 2 or 3 expiries? But wait! Let's split 'em and go to the other side of the market!
Want to scalp equities at a $2 RT? If you're going 1-lots as fast as your finger can twitch, this shit adds up.
FWIW, I go through a so-called "gaming mouse" {read: "3-5 year life span"} about every 6 months.
ALPACA: Sorry, no info, but interested in knowing more of their product, story, and hopefully, success.
Do a little math!
That's 60 RTs in a Globex future, per trading day. 10 an hour, 6 working hours.
5x or 10x of SPX verticals? (How many S&P 50+ pt. days have we had in the past 2 weeks?)
Multiply by 2 or 3 expiries? But wait! Let's split 'em and go to the other side of the market!
Want to scalp equities at a $2 RT? If you're going 1-lots as fast as your finger can twitch, this shit adds up.
FWIW, I go through a so-called "gaming mouse" {read: "3-5 year life span"} about every 6 months.
ALPACA:
I don't trade futures so I just saw the $5000 a month commission cost which is more than probably 75% of people's mortgage.
Alpaca and Robinhood don't do futures, just stocks.Do a little math!
That's 60 RTs in a Globex future, per trading day. 10 an hour, 6 working hours.
5x or 10x of SPX verticals? (How many S&P 50+ pt. days have we had in the past 2 weeks?)
Multiply by 2 or 3 expiries? But wait! Let's split 'em and go to the other side of the market!
Want to scalp equities at a $2 RT? If you're going 1-lots as fast as your finger can twitch, this shit adds up.
FWIW, I go through a so-called "gaming mouse" {read: "3-5 year life span"} about every 6 months.
ALPACA: Sorry, no info, but interested in knowing more of their product, story, and hopefully, success.
So, trading stocks with IB and having $5000 commissions/month, RESPECT!!!
I am using IB, my entry is market order, and exit most of time is limit order. I used to trade more frequently than today. the BULL of last ten years shrank the volatility and volume, killed the profit margin for day traders, so I trade less now since 5 years ago.
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You are sending to SMART or directing orders to specific venues?
How We Make Money?
Securities brokers traditionally generate revenue in multiple ways including charging trading commissions, marking up margin lending rates and stock loan, keeping interest on cash deposits, receiving payment for order flow by routing orders to market makers, and marking up the data feed subscription.
Although we do not charge commissions, Alpaca may generate revenue in some of the same ways as traditional online brokerages. These include:
Securities brokers traditionally generate revenue in multiple ways including charging trading commissions, marking up margin lending rates and stock loan, keeping interest on cash deposits, receiving payment for order flow by routing orders to market makers, and marking up the data feed subscription.
Although we do not charge commissions, Alpaca may generate revenue in some of the same ways as traditional online brokerages. These include:
- Interest on cash deposits
- Payment for order flow (“PFOF”) - Alpaca receives remuneration for routing your orders to market makers and exchanges. PFOF helps us offset the expense that occurs when clearing and executing our customers’ trades. You can read more about PFOF in our Medium post here. For Alpaca Securities SEC Rule 606 disclosures, please click here. *It is important to note that our customers are not charged.
- Margin financing - Alpaca may charge interest for margin loans.
- Stock loan - Alpaca may charge stock loan fees for users who want to borrow stock to short sell.
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NO, but worth looking into, even though they do payment for order flow.A buy on the S&P dip can work/market order entry[ or limit order]; dont know exactly how well thiers works........