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Creating a Group for lower fees
- Thread starter SitrusTrader
- Start date
Quote from ertrader1:
how are you guys gona get away with not pooling the money, but pretending everyone is a group to get lower commissions...
Please explain this, and the Prop house will go for such a thing?
why must it be explained to you. its being setup in the best way for each trader but getting the advantage of the group commission rate.
I understand that what ur saying, but i dont understand why the prop shop is along unless they figuer that with such a low capital input per trader, the group will eventual churn and burn themselves out of their capital......making money for the prop, even with the lower comissions.
LOL
Unless ur brokering the deal BROKERBOY, and in that case you gots some sort of deal for being the cubical jock putting this together.
LOL
Unless ur brokering the deal BROKERBOY, and in that case you gots some sort of deal for being the cubical jock putting this together.
i am not a broker i am just a trader just like you. i am looking into the whole thing but don't no if i am doing it. i do not know why the firm is offering the deal. its a great rate but buying power could be limited. whats the bullshit the guy who is trying to do this is not making anything off it. i guess your saying 10 to 1 for people without a 7 right because i get at least 100 to 1.
Quote from brokerboy:
i guess your saying 10 to 1 for people without a 7 right because i get at least 100 to 1.
Can someone clarify something that I've been troubled about?
People talk about these huge leverage factors and it makes me wonder if we are really talking about leverage or just open orders. That is, if you have a $25K account, are you really able to trade 27,000 shares of IBM @ $92/share (~$2.5M position)?
Or do you really mean that you're able to put out $2.5M in opening/closing/envelope/market-making orders, only $100K-$250K of which can get hit before you have to cancel (or have cancelled) the rest of the orders?
i guess your saying 10 to 1 for people without a 7 right because i get at least 100 to 1.
Can someone clarify something that I've been troubled about?
People talk about these huge leverage factors and it makes me wonder if we are really talking about leverage or just open orders. That is, if you have a $25K account, are you really able to trade 27,000 shares of IBM @ $92/share (~$2.5M position)?
Or do you really mean that you're able to put out $2.5M in opening/closing/envelope/market-making orders, only $100K-$250K of which can get hit before you have to cancel (or have cancelled) the rest of the orders?