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trading fees?
- Thread starter 7rader
- Start date
What are you daytrading, for starters? Sounds like stocks.
So if you're moving large share blocks of stock you should look at per-share pricing from firms specializing in daytrading. Doing it through E-Trade or Schwab likely won't give you the execution speed or pricing you need to succeed and as you said, the commish will kill you.
If you're moving futures, look at dedicated futures brokers -- you should get $3 or less round-trip per contract.
So if you're moving large share blocks of stock you should look at per-share pricing from firms specializing in daytrading. Doing it through E-Trade or Schwab likely won't give you the execution speed or pricing you need to succeed and as you said, the commish will kill you.
If you're moving futures, look at dedicated futures brokers -- you should get $3 or less round-trip per contract.
I trade futures mostly (via a futures broker) but recently moved my stock trading/options account to ThinkorSwim from a full-service firm to begin building my long-term retirement portfolio.
FWIW saying, when I swing-trade stocks at ToS I am happy to use their .015/share pricing ($5 minimum) -- $5 is more than enough to move a few hundred shares of something such as a short-term ETF hedge or to pay per trade to scale into a long-term position over time.
Beats the $15 I was paying elsewhere online (and FAR better than the huge fees at a full-service firm) and is more condusive to my style of averaging in for long-term positions in this kind of turbulent market.
FWIW saying, when I swing-trade stocks at ToS I am happy to use their .015/share pricing ($5 minimum) -- $5 is more than enough to move a few hundred shares of something such as a short-term ETF hedge or to pay per trade to scale into a long-term position over time.
Beats the $15 I was paying elsewhere online (and FAR better than the huge fees at a full-service firm) and is more condusive to my style of averaging in for long-term positions in this kind of turbulent market.