It is worth to pay $125-per month for DasTrader having a small account?

M

Mpas

Hi everyone!I'm planning to open an account with IB and the platform that i want to use with is DasTrader.The main reason is because i got used to trade with the DasTrader platform(i've been paper trading for quite a while) and i find it very comfortable and easy,at least for me.So i was wondering if it is worth to pay $125-per month to use DasTrader or there is another better option for me?I have this doubt because im going to open a small account($2000) and i dont know if the $125 that i have to pay for DasTrader are going to reduce a lot of percentage of my earnings(because i've been gaining small profits like $15/20 consistently and i think a $125 monthly payment it will cost me too much in my opinion).So what do you guys think?It is worth it?Or would you recommend me another option?
Thanks in advance
 
Your capital is $2000 and your yearly tech costs will be $1500. With those numbers, trading will be an expensive hobby for you. Honestly, with only $2000, don't waste your time with trading until you can earn some more trading capital.
 
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Unless you are already an expert trader and few if any expert traders have $2000 accounts, your goal should be to limit losses while you learn. The new micro mini contracts serve well for this. And yes, $125 a month is too much for you at this point.
 
1. A high platform cost vs. your capital is almost a certain recipe for disaster.

2. The platform doesn't make success... it's all about the trader.

3. There are lots of platforms available, many for free or low cost... like $10-$20/mo. Check into those.
 
Mpas said:
Hi everyone!I'm planning to open an account with IB and the platform that i want to use with is DasTrader.The main reason is because i got used to trade with the DasTrader platform(i've been paper trading for quite a while) and i find it very comfortable and easy,at least for me.So i was wondering if it is worth to pay $125-per month to use DasTrader or there is another better option for me?I have this doubt because im going to open a small account($2000) and i dont know if the $125 that i have to pay for DasTrader are going to reduce a lot of percentage of my earnings(because i've been gaining small profits like $15/20 consistently and i think a $125 monthly payment it will cost me too much in my opinion).So what do you guys think?It is worth it?Or would you recommend me another option?
Thanks in advance
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%%
Any business has expenses;
yours are to much for your $2,000 capital. IB charts are good enough for swing/position trading, but they [IB] recommend 2 brokers.I've been real trading/investing for quite a while.

BUT BUY some spiral notebooks+ record weekly+ monthly data+ 200 day moving average.Good questions,MPAS.:cool::cool: , :cool::cool::cool::cool::cool::cool:
 
Scataphagos said:
1. A high platform cost vs. your capital is almost a certain recipe for disaster.

2. The platform doesn't make success... it's all about the trader.

3. There are lots of platforms available, many for free or low cost... like $10-$20/mo. Check into those.
More...
Any platform that you recommend in particular?
 
Mpas said:
Any platform that you recommend in particular?
More...

Depends what you trade, but Fidelity, for one.... zero platform cost, $4.95/trade. In futures, AMP has Sierra Chart for zero platform... and then there's Rithmic.
 
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