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On Sun, 19 Apr 1998 21:01:53 -0400 Tony Parker
<tgparker@xxxxxxxxxxxxxxxx> writes:
>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
>> |
>I am dealing with two houses and paying $16.20(they just raise the
market fees $0.20) and the other $16.50 and this is for roundturn.This
are flat fees charged at the exit.This is per contract.There is an
additional charge for Globex.
Bernie
sarber@xxxxxxxx
>
>
>
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