Quote from jnorty:
. .004 for 1-2 mil shares is still very high. its up to people to do there own shopping of rates but if you insist there are some good rates out there
I've never seen nor heard Don say he wanted to be the Wal-Mart of trading. Yea, you can get lower rates, so go ahead and do it.
High volume trading is a very costly game.
I used to trade with Bright and they were always upfront, honest, and I never had a doubt that they were a stable operation.
Now I trade exclusively futures, primarily ES and now a lot of GC.
I can trade a 10 lot of GC for $50.00 (not the lowest price in the world) and control over $1,000,000 worth of Gold. That's about 20,000 shares of a $50.00 stock.
Can you get in and out of 20,000 shares of a $50.00 stock for $50.00?
Of course each person has their preferences. Good for you if your rates are lower than Bright. There's lots of ways to make money and cutting costs is one of them, but the biggest factor will always be your own trading performance.
There's a lot of traders who are profitable trading 200k shares a month with 5-10 cent per share profit. Bright is a great spot for those types. If you trade a million shares/month and have a profit of 1 cent then costs are going to be a bigger per cent of your p/l. To each his own.
