Forum: Collective2 Suggestions, Feedback, Questions

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4/17/14 (2:29)Gilbert Arevalo15Grid
4/16/14 (18:26)Henry Van ginkel1Best performing Future System
4/16/14 (16:55)Johan Loefgren1What signals should I use?
4/16/14 (9:42)Gary Lynn7Pricing Glitches
4/15/14 (23:15)Arthur Framke1System Description
4/15/14 (19:46)A. Nevado2Website Logs Me Off Quickly
4/15/14 (15:37)Matthew Klein2Trades-Own-System (T.O.S.)
 
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Subject:How much does brokerage cost?
Posted by:San Htat ( C2 Score: 948)  New msg
 
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When:10/08/10 (14:28) 
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Hi All,

I'm just wondering how much is brokerage fees for my subscribers since my system will be trading frequently on a daily basis and will only have to get started is with 10000 in the subscriber's starting model account.

Cheers,

San
  
 
Subject:How much does brokerage cost?
Posted by:John French ( C2 Score: 997)  New msg
 
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When:10/08/10 (15:54) 
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In response to post by San Htat of 10/08/10 (14:28)

Hi All,

I'm just wondering how much is brokerage fees for my subscribers since my system will be trading freq...

See entire

San, my system (Mutual Fund Killer) trades about 40% of days. I think it is reasonable to assume that subscribers are using a discount broker like Interactive Brokers. Their sample rates are as follows:

100 Shares @ USD 50 Share Price= USD 1.00

1,000 Shares @ USD 50 Share Price = USD 5.00

1,000 Shares @ USD 0.50 Share Price = USD 2.50

You may wish to mention this in your system description. I hope that helps.

John
  
 
Subject:How much does brokerage cost?
Posted by:San Htat ( C2 Score: 948)  New msg
 
Ignore user's posts for week month forever
When:10/20/10 (8:27) 
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In response to post by John French of 10/08/10 (15:54)

San, my system (Mutual Fund Killer) trades about 40% of days. I think it is reasonable to assume that subscribers are us...

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But I want to know if I can trade frequently with the discount broker?
  
 
Subject:How much does brokerage cost?
Posted by:Gary Hamilton ( C2 Score: 946)  New msg
 
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When:10/20/10 (12:31) 
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In response to post by San Htat of 10/20/10 (8:27)

But I want to know if I can trade frequently with the discount broker?

That depends on what you call - 'Frequently' - If you are doing interday trades you will need an account with a minimum equity of 25K - see link for rules:

http://en.wikipedia.org/wiki/Pattern_day_trader
  
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