Trader P/L 2007

[Peabo]

Quote from ggg12:

hi guys, what kind of commissions are you guys paying? also do you pay ECN fees on top of that?

did 259k today + 2,300 gross but commissions and ecn fees make me negaitve on the day....

am i getting screwed? (.005 rate + $1 a trade + .0004 arca)

thx

I use MB Trading, which has three commission plans. I calculated what 259,000 shares would cost using each commission plan. Since I don't know what size blocks you trade, I guessed that you had 259 trades of 1,000 shares each:

Cost of trading 259,000 shares using MB Trading:

Plan A: $1,942.50
Plan B: $3,613.00
Plan C: $1,295.00

I believe the cost if you used Interactive Brokers would be $1,295.

Since I trade fewer than 5,000 shares a day (usually) I use MB Trading Plan A, which I am very happy with.

Given the mega volume you trade, I would think commission costs must be one of your top priorities.

Hope this helps!

 

[FXTraderWill]

Time to size down, +50 gross, -270 net... I've gotta get my touch back before the month is over.

 

[pattern_trader]

calling it a day

+324 net on 2200 shares today

have a great weekend!

 

[Johnny Utah]

+193.80 Net
2800 Shares

So boring and slow, again. Luckily, I caught a couple of good trades to offset all the other junk I was trading.

 

[cumulative918]

net 640 for the day.

net 3001 for the week.

Have a great weekend, everyone!

 

[TachyonTrader]

Awesome day considering I was down -$1200 in the first two hours. Great comeback and very happy with the result.

Have a good weekend guys!!!!

 

[Peabo]

Hi All,

Started late today, and missed the move of my favorite stock (ELN).

Have a great weekend!

 

[chauncey1]

+17k on es after two days out for system upate.

good weekend

 

[blaster1]

-488 net on 30 ER2 contracts.

 

[Red_Ink_inc]

Could have done without DUSA beating my head with a mallet first thing this morning. Apart from that, solid cash collecting.