What is your daily commission expense (re: IB)

[tradestox]

I spend about $1000 per day on commisions and they can care less ( in terms of getting good service). I used to trade prop and thought i would try retail.

Well needless to say I am going back to the prop route. People can say all they want about prop shops, but if you are a true professional i believe that the advantages far outweigh the disadvantages.

 

[xtrader]

Prop is much more crucial to surviving trading than ever before.

Reliability is top priority.

 

[shneed]

$15200 last month, about $12000 so far this month.

shneed

 

[smokey_mcPaat]

around $500/ day on commissions, probably average $100-$150 day on bullets- so total around $650/ day.....but i make much more than that

 

[trader99]

Originally posted by shneed
$15200 last month, about $12000 so far this month.

shneed

dude! $15.2K in commission a month? How much are you making a month there net? Gosh, you must be up a lot to be trading so much...

Or are you scalping?

 

[Cdntrader]

"I eventually phased them out."


Who do you use now? And what are you paying?


Thanks

 

[shneed]

trader99


I only scalp. About 40k.

shneed

 

[SethArb]

"Instead of paying $8 dollars to execute a trade for 500 shares, you'd pay $5 for the same trade."


Complete straight-through processing and large
volumes allow low commissions.

U.S. Markets
(All transaction fees)
Stocks: $0.01/Share <=500
$0.005/Share >500 (Incremental)
$0.02/VWAP Share
Options: $1.00/Contract
Futures: $2.40/Contract

IB ... is the lowest cost and one of the best retail firms
for the active trader in my opinon.

 

[TorontoTrader]

Some of you who have the big commission cost seem to think that you should get better treatment at IB then customer who doesnt have the high commission cost.

When you call into IB your gonna be put in a qued just like everyone else, if that guy ahead of you trade once a month he should have equal privileges as you.

So really the only person who gives a rat ass about your high commission cost is you, it should have no bearing on the functionality of IB or its customer representatives.

 

[metooxx]

Originally posted by TorontoTrader
Some of you who have the big commission cost seem to think that you should get better treatment at IB then customer who doesnt have the high commission cost.

When you call into IB your gonna be put in a qued just like everyone else, if that guy ahead of you trade once a month he should have equal privileges as you.

So really the only person who gives a rat ass about your high commission cost is you, it should have no bearing on the functionality of IB or its customer representatives.

You have got to be kidding; and anyone who trades size at IB or anywhere else and is treated like that should be rethinking their relationship.