Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
How many round-trips did you make with SPY? 7000 in and out or did you trade 500 shares 14 times?
I just bought some xiv ..holding it overnight ..
Ramp up into the close...you know it's gonna happen.....so predictable.
I made 8 trades. Am I better of at Etrade? I am at Interactive Brokers -- the actually commissions to IB are reasonable. But they breakdown the charges to mandatory FINRA fees etc. I am not sure if at Etrade the $9/trade includes all the regulatory charges. If it does, Etrade would stand to make a loss if someone puts in a large number of shares, wouldn't it?
I am in cash for tonight. A little confused on whether 5k will happen again or not.
8 trades so break it down...
Even if you did 8 trades total at Ameritrade which I believe it doesn't matter the amount of shares traded that would have cost you
Approximately $80 bucks
You went in 7000 shares each time and out which is 4 round trips 8 trades total...if you make enough trades and have a sizable account figure to bring to scottrade...etrade or Ameritrade they will bring pricing per trade down....you can also go to a few other trading platforms that offer 4.95 a trade. I never signed up for interactive brokers...went with Mbtrading which now offers $4.95 a trade which your trades today would have cost probably! 40-$50 bucks....spending hundreds of dollars on the amount of trades you made today isn't worth it....switch out to another broker ...