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There have been some questions about my broker comparison that I made in
February of this year. The following information may be helpful. The
orders that I compared were Market orders except for 3 which were Stop
Close Only. They were in the SP 500 Futures. The new broker beat the
old on the SCO's 2 times. Once by .50. The rate was $15.00 + NFA fees
at the old firm and $18.00 plus Clearing fees and NFA fees up to $22.20.
It seemed to me that I was way ahead even with the higher rate.
I would have compared more than 28 trades but I hit a large Drawdown and
was forced to stop because the new account, was an my IRA account, and I
cut it half during the Drawdown. I did recover the Drawdown but not in
time to keep the new account going. I was convinced that there were
enough of trades to make the comparison valid. Although I would not
trade a system based on 28 trades. I would have continued the comparison
if Money wasn't a factor. This account was not that big.
Regards,
Tom.
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