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I see 3 things wrong here:
1) Anyone who opens a futures account with $2500 is looking lose it.
2) those corn, cotton, and cocoa calls were so far out of the money that
they were nothing more than a throwaway.
3) Going rate for futures options commissions from reputable discount
brokers is $13-20 depending on account - $95 is absurd and especially so
when it includes advice which is guaranteed to lose money.
Earl
> I don't know about the least,but Main Street Trading Co. might be up
> there as one of the most expensive.I opened an accountwith 2500.00 and
> at the suggestion of my broker,"just to get my feet wet",bought 4
March
> Corn 280 call 1 1/8 entry, 4 March Cotton call 7500 .14 entry, 2 May
> Cocoa call 1200 46 entry.The commision was 95.00 each option. Now that
> my 2500.00 is about gone with almost half to commisions, I felt rather
> pressured into these trades and am angry with myself for trading
before
> I was ready. Not enough knowledge and didn't do any paper trading,
what
> was I thinking? Anyway, I don't really know but I think MAIN Street is
> high on commission.
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