desk fees...black box...

Quote from rtharp:

Desk fee's are pretty standard.

My firm doesn't charge them

but.......they won't take somebody who is happy to just trade 200 shares a day. Even though they could recoup the cost with a desk fee there is the additional expense of keeping additional staff if you have a lot of these types of traders, the extra bandwith. It's more of a liability than an asset.

Both ways can work of charging a desk fee or not.
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rtharp-
has this changed recently? or does it vary? when I met with E.S. at Lynx recently he told me something different.
uptik
 
Quote from Don Bright:


The "average" trader makes about 20-40 trades per day, so the volume is determined by trade size for the most part. The "automated" system traders may make thousands of trades each day.

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Boy...I must really be a puss then. Usually, I only make 2 or 3
trades a day. hehe
 
Does it maybe make sense that a "dedicated" trader develops a good trading style with a firm who gives him adequate capital so he can increase his share size, become more profitable, make a good living, stay in business, and it works for everyone.

Don't want to over-simplify this, but it seems to be working rather well.

SoCal...if you're making six figures, with 250K shares a month, you're doing great...don't let anyone give you trouble about it. This game is about consistency, and whatever style works for you.

I apologize if I inferred anything negative about volume per month, I was simply referring to the fact that "most" of our "good" traders, average about 1 Million shares or more per month....and things change, as we all know.

Don
 
How many of your traders do trade 1 million a month. generally the the guys I run to and trade 50K a day, complain about commissions eating away at their Gross P/L. The big trader/big volume thing is way overrated. P/L is ALL THATS COUNTS.

Well, unless you are on the other side of that commission.:mad:
 
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