Is .002/share, 0.002 dollar or 0.002 cent?

[qll]

I often see you guys say commissions at 0.002/share level. Is it in Dollar or Cent?

 

[risktaker]

1 cent=.01

1/10 of a cent=.001*$1

2/10 of a cent=.002*$1

 

[gnome]

"5 Shares For A Penny"...

Just think, you could trade $535,000 worth of Berkshire Hathaway for 1 cent!

 

[Restricted]

Quote from qll:

I often see you guys say commissions at 0.002/share level. Is it in Dollar or Cent?

Is that all in? I'll take it, where do I sign.

 

[FXTraderWill]

.002=$2 per 1000 shares.

In this day and age, you should be able to get such a rate from most reputable prop firms provided you trade decent volume and have average negotiation skills.

 

[giggollo]

Quote from gnome:

"5 Shares For A Penny"...

Just think, you could trade $535,000 worth of Berkshire Hathaway for 1 cent!

dont forget SEC fees

 

[Westward]

And ECN. If you lift or hit its .002+.003 in and out. Adds up quick if you throw some volume in there. Add monthly platform charges and exchange fees etc. Now its +$5,000/mo. or $250/day.

Stay positive..literally.