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What were your/my Fees + Commissions per share?
- Thread starter ps0013
- Start date
That's a very high volume intraday activity, did u profit a lot?
You shouldn't really be paying more than .005/share if you are trading that many shares. I average around .005 for the year and trade millions of shares/year. I may switch to a lower commission broker if I can negotiate it (currently using IB).
Any suggestions? I tend to remove liquidity though.
Any suggestions? I tend to remove liquidity though.
Quote from Dustin:
That's pretty high. Yesterdays data...
212,000 shares
$1030 comm+fee
=.0049
Even my rate is a bit high for this day in age.
Dustin, thanks your post is exactly what I was hoping to see, but very few responses...I was just lowered to .005 com w/out any other fees...I'll see what it looks like in a week. Ialso seem to be taking liquidity all of the time, so I guess I will see if I can add without changing my style too much...where do you stand with the liquidity issue?
Quote from ps0013:
Today I traded:
91,374 shares
$759.53 total fees+commission=
.0083 c per share
What did you pay today??????
If you're moving 2mil (ie 100k/day) in vol/month that rate is too high. .005 or better can be had.
5mil you can get sub .002
But you may have other requirements:
License, BP, platform fees?
Definitely can get lower if this is a consistent share per day activity