Per fill, you pay one rate per fill.
So if your 5k block gets executed in 4 prints, you pay that rate 4*your per fill rate.
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Trader P/L 2005
- Thread starter Diamondtrim
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Per fill, you pay one rate per fill.
So if your 5k block gets executed in 4 prints, you pay that rate 4*your per fill rate.
instead of paying per share, like .004 p/s at e*trade pro, they just pay per fill.. like say $1, regardless of how many shares. guys at HLV could put in an order for say 15,000 LU, and only pay ~$1. if the transaction for some reason took 3 prints to fill (8,000 shares, 5,000 shares, and 2,000 shares) they'd pay $1 per print for a total of $3. if it was a limit order, ARCA would still rebate them .002 per share, or $30.Quote from AceRothstein:
Could you explain what you mean by paying per print?
if they were paying .004 p/s for the 15K shares, they'd pay $60. it's the best commission structure for all the volume monsters out there.
Quote from SammySOESa:
instead of paying per share, like .004 p/s at e*trade pro, they just pay per fill.. like say $1, regardless of how many shares. guys at HLV could put in an order for say 15,000 LU, and only pay ~$1. if the transaction for some reason took 3 prints to fill (8,000 shares, 5,000 shares, and 2,000 shares) they'd pay $1 per print for a total of $3. if it was a limit order, ARCA would still rebate them .002 per share, or $30.
if they were paying .004 p/s for the 15K shares, they'd pay $60. it's the best commission structure for all the volume monsters out there.
Thanks to both Hydro and Sammy for clearing this up for me. I must admit I know zip about rebate trading. But it is obvious mk is banking some serious coin.
Leaving the argument about the merits of rebate trading as a system aside, it would seem beneficial for one to learn it even for no other reason than qualifying for these razor thin rates. That would help the bottome line of whatever your main method of trading is without question.
Quote from AceRothstein:
Leaving the argument about the merits of rebate trading as a system aside, it would seem beneficial for one to learn it even for no other reason than qualifying for these razor thin rates. That would help the bottome line of whatever your main method of trading is without question.
Does not work like that. Can't trade 50 dollar stocks with a per fill rate and you can't trade 1 dollar stocks with a per share rate.
hydroblunt knows absolutely nothing about this type of trading. Dont listen to one thing he says, hes bitter and obviously sad. I emplore a scalping strategy and like I said long ago in posts I dont rely on a rebate trading mentality to make my money. Only 10% of my profits last year were from rebating. I have however said that rebating trading can be very profitable if you do that fulltime. I will stick with my small priced listed scalping method for all of my money making. If hydro wants to blast me for using the right tools and the right time then let him go ahead. I dont care how you slice it, we are all here to make coin. If I make a mill and hydro makes 100k a year, he can rag on me all he wants about me being a monkey. I will be a millionaire monkey all day long. He is still pissed about living in the stone age and paying per share fees of pennies per share. He mentions things like, "if you could trade real stocks then this and that", bullshi$t.... we are all here to make money. My style of trading is what it is. I am not going anywhere the markets wont trade that much in many years. When they do I will adapt, I always do, a good trader knows when to do so. I will scalp for a few more years and retire. Scalping will never go out of style and as long as there are ECN's prices will stay dirt cheap. So say what you want hydroscumbag, I rule you and will challenge you to a trading contest any day you want! you pick the time and place and I will show.
Real trading and I dont care how you slice and dice it, is someone who is profitable most of the time with a method that is clearcut and profitable to them. So play your 20 40 60 dollar stocks I dont care, I will trade my 3 dollar lucent and make bank everyday, while you swap 100 share lots for 25 bux at a time.
go home loser. enough said.
Real trading and I dont care how you slice and dice it, is someone who is profitable most of the time with a method that is clearcut and profitable to them. So play your 20 40 60 dollar stocks I dont care, I will trade my 3 dollar lucent and make bank everyday, while you swap 100 share lots for 25 bux at a time.
go home loser. enough said.
oh i didn't even know that. so it's just amex and naz that gives the rebates?Quote from joeyata1:
who gives an ecn rebate on lu? its a nyse stock and there's no rebate. hell you can get $2 and $3 per trade unlimited shares anywere. freetrade was a $1 unlimited. whats forgotten here is what happens if that 25 or 50k goges against you 3 or 4 cent. it looks good if it works
Stop playing yourself, you know nothing about me or my deal but I know exactly how you trade just from looking at what stocks in your P&L.
Give a try to real stock above 15 dollars then talk. Flipping NT, LU, CPN for pennies, I've seen it done before me when I was at HLV.
You got upset because all I said is that your style relies on ridiculously low commissions and rebates. There is nothing false about that, you and I both know it. It is impossible for you to trade for 1-3 cents if you pay even 3/10th per share, plus SEC fees, god forbid plus ECNs.
If you're think you're so good, why don't you trade a real stock? If you got millions, then you can easily afford trying to play something heavy like the homebuilders, oils & metals. Why would anyone with money wanna sit there like a drone doing penny/rebate crap? It's a joke of what rebate traders look like and how they "trade"
And please, spare the millions, you've been through the bubble and easy money years, you've mentioned it more than once. Real big hitters of those days have long retired instead of churning away for a penny.
Hydro's latest PM to which I answer this:
Hydo, I make a mill a year doing my strategy, how much do you make? Isnt trading represented by how much we make, that is the measure of success correct? So state your P%L for the year, I would be happy to show mine and back it up with CPA numbers. My CPA is Colin Cody at traderstatus.com. You want to shake me down and clown me for making more than and saying I am not worthy of being a trader! HAH! I represent 10% of LU's volume everyday. Do you know any other traders that can do this. I take advantage of what I have close to me. I make bank day in and day out and you still want to clown on me. Show your numbers Pillsbury I will be glad to go head to head against you anyday anyplace on any turf. I have been making crazy money for 4 years, I have a method that is profitable day in and day out. Forget the fact that it is LU, I can imply my strategy to any listed stock under 10 bux. There will always be stocks like this. There will always be AMEX stocks under a buck, there will always be NAS stocks under a buck. That side of the market is not going anywhere, its always been there and will always be. So stop clowing yourself, your not a trader, your a wannabee trader who cant stand someone doing better than you plain and simple.
Give a try to real stock above 15 dollars then talk. Flipping NT, LU, CPN for pennies, I've seen it done before me when I was at HLV.
You got upset because all I said is that your style relies on ridiculously low commissions and rebates. There is nothing false about that, you and I both know it. It is impossible for you to trade for 1-3 cents if you pay even 3/10th per share, plus SEC fees, god forbid plus ECNs.
If you're think you're so good, why don't you trade a real stock? If you got millions, then you can easily afford trying to play something heavy like the homebuilders, oils & metals. Why would anyone with money wanna sit there like a drone doing penny/rebate crap? It's a joke of what rebate traders look like and how they "trade"
And please, spare the millions, you've been through the bubble and easy money years, you've mentioned it more than once. Real big hitters of those days have long retired instead of churning away for a penny.
Hydro's latest PM to which I answer this:
Hydo, I make a mill a year doing my strategy, how much do you make? Isnt trading represented by how much we make, that is the measure of success correct? So state your P%L for the year, I would be happy to show mine and back it up with CPA numbers. My CPA is Colin Cody at traderstatus.com. You want to shake me down and clown me for making more than and saying I am not worthy of being a trader! HAH! I represent 10% of LU's volume everyday. Do you know any other traders that can do this. I take advantage of what I have close to me. I make bank day in and day out and you still want to clown on me. Show your numbers Pillsbury I will be glad to go head to head against you anyday anyplace on any turf. I have been making crazy money for 4 years, I have a method that is profitable day in and day out. Forget the fact that it is LU, I can imply my strategy to any listed stock under 10 bux. There will always be stocks like this. There will always be AMEX stocks under a buck, there will always be NAS stocks under a buck. That side of the market is not going anywhere, its always been there and will always be. So stop clowing yourself, your not a trader, your a wannabee trader who cant stand someone doing better than you plain and simple.
correct sammy, there is no rebating LU on an ECN's anymore. ARCA charges .001 per share and .00 to add
INET charges .001 per share to add and .0009 to a take (they are the only rebate on listed stuff)
BRUT these days is charging nothing to add and take away.
INET is the only game in town and the volume on listed stuff is not that much to make money on.
INET charges .001 per share to add and .0009 to a take (they are the only rebate on listed stuff)
BRUT these days is charging nothing to add and take away.
INET is the only game in town and the volume on listed stuff is not that much to make money on.
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