"actually back in 1993, i paid $150.00 per 1000 shares traded with olde discount brokerage, a different world than today, it was done with brokers back then, thats the old days & that was considered a good comm, if you traded with merrill , $ 300.00 plus . the rates these days are rock bottom, we all get caught up in the rate game... need good setups to make $$"
Yeah I totally concur, commissions are a futile game. Up unit about 9 years ago I was paying 3% round trip in and out on Dollar value of trade, yep, three percent, 1.5 in and 1.5 out. Through a canadian bank, which was all I could do at the time. I eventually got an account out of the states that was cheaper, but guess what I made a ton of money, and I am taking pre 1999. Too many guys look for commssions to save the day!
In 95 I think I was one of the first guys out their swing trading, and didn't even know that's what I was doing, unable to use charts, used volume and price in the newspaper and comparing weekly newspapers scanning thousands of tickers, looking for ever so slight trend changes in price and volume and making fantastic money, averaging 30% per trade, all be it over a few days or weeks. But the commissions were killing me at the time, so I figured out a way to make money any way.
Never mind I had no charts, scanning software, real time data, etc, etc.
I personally pay the standard 9.99 per trade, albeit some trades are very large, others not but if the commissions are affecting trading then I totally concur with Scorpion, one needs good setups.
