RE: [EquisMetaStock Group] Re: Transaction costs versus trading profits

["v" <entinv@xxxxxxxxxxx>]

For the S&P index spread is 1 tick, which is $12.50, many brokerages charge $2.50 commission per side.

Where the $75 came from?

 

Vladimir

-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]On Behalf Of kathay1199
Sent: Thursday, June 30, 2005 10:13 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: Transaction costs versus trading profits

--- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser" wrote:
> I can't recall exactly who (either LeBeau or Tharp) but one of them
> commented that long term, most system's profits are not much greater
> than their transaction costs.

If the comments come from Tharp or LeBeau therefore I'm 99% sure
futures contracts are the subject (not stocks). If so- they are right.
Testing commodities or indexes you have to deduct 75$ per contract for
commision and slippage (some take even 100$).
Sad but true... :(

KatHay

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