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BS"D
Terry,
Please excuse my intrusion on a minor point of semantics.
At 09:08 AM 19/05/98 EDT, you wrote:
>Commissions are a good example. From a business accounting perspective,
>Commissions are a fixed cost. (Slippage is as well, or at the very least be a
>bugeted line item in your business plan. )
Although Commissions and Slippage may be (somewhat?) outside the traders control, from a business accounting perspective they are variable expenses; no trade, no expense.
Data feed would be a better example of a fixed cost; trade or not, this bill must be paid.
Your point is nonetheless well taken.
Asher
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