Kershner in Austin

[cfets]

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overhead (including full insurance for a single, no child adult) is going to be $27k.

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wonder what's that ? traders have to pay it ?

 

[cfets]

Quote from jbt26:

my2cts,

you are referring to the old payout structure. ktg currently only offers its new traders the new trade at cost plan. commissions are low (as i described above), but traders start out at a 35% payout, with an opportunity to move up to 50%. also overhead is quite high here. this year my overhead (including full insurance for a single, no child adult) is going to be $27k. while i do like it here, it is pretty hard to overcome $2300/month as a new trader. the pros are that im not sure where else someone with 1 year of experience could have a 1MM+ account (some other traders with similar experience as myself have even more). i also sit directly next to 2 traders who have 1MM+ trader net p&ls. again, good luck. let me know if you have any further questions.

jack

also overhead is quite high here. this year my overhead (including full insurance for a single, no child adult) is going to be $27k. while i do like it here, it is pretty hard to overcome $2300/month as a new trader.



------------ is this a fixed cost for each trader ever no profit ?

 

[ajr34]

you really should just call them. things have changed quite a bit for new traders. you will have costs per month, even if you don't make money, that can add up. but they have done things that help ease the buildup of fees. it's not easy getting over the learning curve, but you kinda gotta put your nuts out there and give it a shot... if you are making money, the fees and things really won't be as much of a concern. they can also explain why insurance costs are the way they are. if you want to trade, at least find out firsthand what's up...