What % of daytraders losses come from trading commissions?

[crgarcia]

Quote from DHOHHI:

What's your obsession with FAILURE? Is it due to you failing yourself in an attempt to make a living as a trader?

I've traded full time, with success, for 15 years. I started with apprehensions - Can I do this? Can I succeed? Well, for the past 10 years I've found time to take time away from trading to volunteer with tutoring & mentoring at local schools. The past 4 years I've taken 3 afternoons/week to work with inner city disadvantaged kids in math and other areas and at the same time have maintained, and increased profitability as a trader.

I'm sorry you apparently failed at the endeavor -- but not everyone does fail.

Trading is about making money.
All frequent traders lose, so losses are a big concern.

You don't daytrade.
You are only a broker shill pretending to be succesful so that customers don't realize all datraders lose and there has never been a succesful day trader in the long run.

Quote from Visaria:

Assuming a daytrader is losing money, it's an important question. If a large proportion of the losses are because of commissions, the trader has to change his strategy e.g. trade less, higher time frames, perhaps different instruments.

Even if s/he isn't losing, you still need to look at how much is going to the broker.

Of course it'a an important matter.

Quote from Fireplace:

Are you even vaguely familiar with Crgarcia? He proclaims that ALL short term and swing trades are losers, that there is not a single one in the world that is profitable.

Yes, this is absolutely true.

Quote from Bob111:

one more proof that you are brainless idiot,who can't even distinct losses and expenses. in trading commissions are necessary business expenses. just like expenses on gas for cab driver,if this would make any sense to you,you fucking retard

This is a meaningless detail.
Losses are losses:
You have $100k into your account with turns into $1k

You have nothing but to insult me as deep inside you know trading it's a scam.
I am stating this, you know its true and truth infuriates you.
In short we can conclude that deep inside Bob111 agrees with my posts.

 

[Fireplace]

Remember when Garcia bragged that he only came here once or twice every few weeks? LOL he's here EVERYDAY now!

 

[ChkitOut]

Its certainly true that commissions play a big, actually massive, role in failure.

But, that's just the way it is. If nobody could succeed with
today's commission structure. They would change.

 

[spindr0]

Garic the Clown regularly posts these moronic conclusons of his about all daytraders losing money. Save yourself some time and avoid trying to convince him that some can and do make money trading.

 

[Bob111]

You have $100k into your account with turns into $1k

You have nothing but to insult me as deep inside you know trading it's a scam.
I am stating this, you know its true and truth infuriates you.

scam or not...one thing is obvious to me..i'm making the money day trading...and you are not..

one more time..here the proof for you(in case you didn't saw it in your another useless thread)

http://www.elitetrader.com/vb/showthread.php?s=&threadid=207454&perpage=6&pagenumber=10
from 07/1/2010 till yesterday account is up +34% with practically zero draw downs..just like i said to another moron in same thread above-combination of solid intraday systems will literally guarantee you profits almost every single fucking day. believe it or not.. i don't give a shit about that..


i'm going to continue my insults till you leave this board and take your fucking nonsense some place else

 

[Mav88]

There's also another kind of failure, it's the kind that's describes the state of being in which a person likes to waste their life talking about and imagining others failure.

 

[Bob111]

garcia-i have question for you-why IRS does not treat commissions as a loss, like you do?

 

[MCHpow_pow]

Its just like rake in poker... but it's more dependent on your strategy.

Competition is broker services can only help with minimising the costs, but its simply a business expense that cant be bypassed.

Whenever figuring out how profitable you are long term, commissions need to be looked at, but its not as if they're too high (If you cant beat the rake, get better/run better )

 

[Now is Now]

Some irony here...Garcia seems to start threads towards weekends...

No coincidence...still maintain he is Baron's boy toy to create hits..

NiN

 

[outsource]

Quote from crgarcia:

Is 25% a good estimate?

Most daytraders keep trading until they blow up all funds in their accounts.
So we can conclude that brokers pocket 25% of daytraders' CAPITAL?

paranoic personality development..every doc can make a diagnosis -
DOLT..