Forum: Collective2 Suggestions, Feedback, Questions
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| Subject: | How much does brokerage cost? |
| Posted by: | San Htat ( C2 Score: 943 ) |
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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 |
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| Subject: | How much does brokerage cost? |
| Posted by: | John French ( C2 Score: 996) |
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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 frequently on a daily basis and will only have to get started is with 10000 in the subscriber's starting model account....
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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 |
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| Subject: | How much does brokerage cost? |
| Posted by: | San Htat ( C2 Score: 943) |
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| 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 using a discount broker like Interactive Brokers. Their sample rates are as follows:
...
See entire
But I want to know if I can trade frequently with the discount broker? |
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| Subject: | How much does brokerage cost? |
| Posted by: | Gary Hamilton ( C2 Score: 983) |
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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?
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What is the C2 Score?
Collective2 rates every trading advisor in its database and assigns a score between 100 and 1000.
In general, a rating above 500 is good. A rating above 700 is excellent.
Collective2 Ratings are recalculated daily based on the entire performance history in our database. The exact formula we use is proprietary, but there are several key variables that go into the Collective2 Rating. One of the most important factors is the length of time we have been able to observe the performance of the trader. Another key factor is the amount by which the trader over-performs or under-performs the S&P 500 index. Finally, the choppiness of the trader's results is taken into account. Certainly a more consistent trader will be rated more highly than a trader with erratic results.
