It's been 3 years and I'm back!

MrScalper said:
ES trader with $10 k account.

5 trades per day.

$2.80 per round trip commission.

What % of capital does the trader pay to his broker in one year..or let's say 250 trading days per year!
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I make more than 5 trades a day... And I don't care if I pay a half million in commissions to my broker.. As long as I take home money for myself and don't work a 9-5..
 
MarketAddict said:
I make more than 5 trades a day... And I don't care if I pay a half million in commissions to my broker.. As long as I take home money for myself and don't work a 9-5..
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You do realize how silly that sounds..did you work out the %..or is that something you prefer to ignore :)
 
traider said:
It has been a 30y rally in bonds. What makes you think that this time it will be different. It made the careers of people like Gross
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Would you bet the house and the kids that the next 30 years in bonds will be the same as the last 30 years in bonds?
 
MrScalper said:
You do realize how silly that sounds..did you work out the %..or is that something you prefer to ignore :)
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Bro, do you trade for a living? Please be honest, do you? Because professional traders don't care what the next man is getting.. If i make close to 7 figures a year, why the hell do I care what my broker is getting?.. Come on now..
 
Gotcha said:
So you're saying he should skip the next trade because he doesn't want to spend another $4 in commissions?
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No..he is speaking about not caring about commissions..whereas they are a very real business expense..on that $10k account lets see!

$2.80 round trip

5 trades a day = 2.80 x 5 = $14 a day

250 trading days = 14 x 250 = $3,500

% of capital = 35%

That means it is costing you over 1/3 of your trading capital in one year to do just 5 ES round trips a day..and we haven't even added in the losers yet!

If any person in their right mind thinks that is not worth bothering about..then..all I will say is..:)

I wonder why some market makers are now broker salesmen :) :)
 
Skippy you need to understand financial statements. Your analysis is worthless without revenue consideration. My commission expenses run in the neighborhood of 7-12% of gross revenue. What (legal) business operates with it's only material overhead in that range?
 
MarketAddict said:
Bro, do you trade for a living? Please be honest, do you? Because professional traders don't care what the next man is getting.. If i make close to 7 figures a year, why the hell do I care what my broker is getting?.. Come on now..
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I doubt very much you know what you are doing..so I can not see you making any money worth talking about for yourself..maybe you are one of those trading OPM and don't really care what happens..either way..you are not a real professional..as you speak total and utter rubbish when it comes to business basics!

Are you a dot com bubble reincarnation..Bro :)
 
speedo said:
Skippy you need to understand financial statements. Your analysis is worthless without revenue consideration. My commission expenses run in the neighborhood of 7-12% of gross revenue. What (legal) business operates with it's only material overhead in that range?
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Go ahead..you "professionals" can show us all up any time you like..but that of course will never happen..for "obvious" reasons..feel free to prove me wrong anytime you like..and let the other 2 stooges know as well..or maybe it is 3 more stooges now :)
 
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