Your avoiding the whole point. He's the only one who supposedly offers these rates, but yet he's not hiring, so there's no way to get those rates.
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Comission and Bullet Rates
- Thread starter Hitnruntrader
- Start date
Your avoiding the whole point. He's the only one who supposedly offers these rates, but yet he's not hiring, so there's no way to get those rates.
Quote from calibertrader:
Your avoiding the whole point. He's the only one who supposedly offers these rates, but yet he's not hiring, so there's no way to get those rates.
Guy,
If you have $ to trade then you can trade with him. I don't think He interested backing any more traders at the present time. I know he prefers existing traders not reallly the newbie, but who knows that can change,I think.
If a trader wants to know how to get the rates they can pm me and I will put the two in contact with each other.
It's time for me to go to sleep.
Good Night
Ticker,
It was a pleasure debating this issue with you tonight, I always like a good heated discussion, but it's time for bed. Goodnight everybody, and we'll pick this up tomorrow, if necessary.
It was a pleasure debating this issue with you tonight, I always like a good heated discussion, but it's time for bed. Goodnight everybody, and we'll pick this up tomorrow, if necessary.
I don't know about traders getting 3.5 for trading 10K shares a day but I know a lot of LLC's that will take traders trading 150-200K shares a day and give them 3.5 base + ECN and SEC fees. They will also provide buying power. For the most part these are not geared toward the newbie trader but the more experienced traders who know how to trade and want low rates.
Quote from cornholetrading:
I don't know about traders getting 3.5 for trading 10K shares a day but I know a lot of LLC's that will take traders trading 150-200K shares a day and give them 3.5 base + ECN and SEC fees. They will also provide buying power. For the most part these are not geared toward the newbie trader but the more experienced traders who know how to trade and want low rates.
Exactly!!!!
You both have good points, but calibur dude, I think he is talking about retail at least thats what it looks like from his posts.
i think you two have to compre apples to apples.
ill try to find out if he is liget i m looking to open a retail accout.
on the commission side ...commissions do add up so i would rather have a low rate and buy my own stuff . many prop firms have people trade on outdated computers at least i seen that many times\
i think you two have to compre apples to apples.
ill try to find out if he is liget i m looking to open a retail accout.
on the commission side ...commissions do add up so i would rather have a low rate and buy my own stuff . many prop firms have people trade on outdated computers at least i seen that many times\
Quote from trader963:
You both have good points, but calibur dude, I think he is talking about retail at least thats what it looks like from his posts.
i think you two have to compre apples to apples.
ill try to find out if he is liget i m looking to open a retail accout.
on the commission side ...commissions do add up so i would rather have a low rate and buy my own stuff . many prop firms have people trade on outdated computers at least i seen that many times\
I agree with you commissions do make a difference. Even retail, I have a hard time believing that you can get those rates for 10K a day, unless your paying for software and bandwidth. Like I said, if it's true, I'll recommend them in a heart beat for people looking just for lower rates.
I asked TikerWatcher for information, so far the only low rates I can get are on this board can see them but can not touch them.
I am sure that low rates are very impotent in this market when scalping I churn all day long and at the end of the day my losses are commissions + bullets the lower they are the more positive I would be.
I am sure that low rates are very impotent in this market when scalping I churn all day long and at the end of the day my losses are commissions + bullets the lower they are the more positive I would be.
Quote from felichka:
I asked TikerWatcher for information, so far the only low rates I can get are on this board can see them but can not touch them.
I am sure that low rates are very impotent in this market when scalping I churn all day long and at the end of the day my losses are commissions + bullets the lower they are the more positive I would be.
Felichka,
How much do you take out gross a day? How much volume do you do in shares and bullets? If you don't mind me asking. The reason I ask, is that people don't realize that as your rates go down, your volume increases offsetting the benefit of the lower rate. If you're volume has peaked and stabilized, then the lower rates will make a difference. How do I know? When I started in this business that is what happened to me. I used to calculate my P&L with lower rates and thought it was real. But as my rates got lowered, I traded more cause it was cheaper.
Lower rates are like paper trading, everyone makes money. But when it's live, it never turns out that way.
I agree with you. My volume is around 50000 a day it has been for 2 years. I do understand what you are saying but you have to agree with me too that it is natural for me to look for lower rates not higher, right ? Being gross positive and calculating after commissions I assume that if they were lower I would profit, it is also would make me trade more and possibly loose but on commissions only.
Conclusion: lower your rates for your traders and they will increase the volume. The same thing feds doing with interest rates.
Conclusion: lower your rates for your traders and they will increase the volume. The same thing feds doing with interest rates.