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Mark&TC:
You just raised an interesting point. My broker Saul Stone says I'm paying $20
plus fees a Round Trip.
So here's the "dumb question":
I'm going to have to take a closer look at my statements, but I've been
calculating my P& L "commissions & fees" at $20+ fees per contract.
I.E. if I buy/sell two contracts then I'm charged 2 X "commissions & fees" (at
$20+ $1-$2fees per contract) three contracts = 3X, four contracts=4X, etc.....
Have I made yet another Newbie "Mistake"?
Are you saying that "commissions & fees" (at $20+ $1-$2 fees) is applied
against the overall order no matter how many contracts I buy/sell?
Are you saying for instance on my order for 2 July Cocoa, I should only be
charged $20.00 + $1.43 fees as "commission & fees"?
Would someone please clear that one up for me?
Tony
Mark&TC wrote:
> Congratulations !
>
> Two things...might want to consider adding to your post what you used to
> make you entry and exit decisions and the reader digest version of your
> thinking process. i.e.. "I used TS with the following indicators or
> system...and I was thinking (you fill in) about making the trade, etc."
> This is will help other newbies. Your thought and feeling process is 90% of
> trading.
>
> Secondly, unless you have a very small account...under $5K you are getting
> ripped off...you shouldn't be paying more than $25 RT total...and as you
> progress in increasing the number of contracts you trade and/or the
> frequency you should pay even less.
>
> Wishing you more success,
> Mark Seflin
>
> | ----------------------------
> | Gross Profit
> | $ 220 minus $43.00 commissions & fees
> | Net Profit $177.00
> | ------------------------------
> | Still feels like a million!
> |
> | If I can now do this two three times a day, I can make a living
> | at this!
> |
> | Enjoy
> |
> | Tony
> |
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