|
PureBytes Links
Trading Reference Links
|
I have spent a good deal of time thinking about the commissions too.
When I started trading I was paying about $85 a round turn and other
brokers were charging more. Now a pay close to $25 a round turn and I
know that some offer lower commissions. However, most brokers that I
have checked out have fees that are tacked on to those low $15
commissions. I pay a few dollars more for a broker I have learned to
trust and get pretty good execution.
Part of my back testing includes commisions so they are figured in
there. Even if I pay $100 for four round turns that is only $15 bucks
more than I was paying my first broker for one round turn. When you
mess up and it costs you $2500, like when I went long on a limit down
day, $100 doesn't sound so bad. My broker is Lind Waldock for those
that would ask. Some hate them, some love them and so forth.
Prosper
--- In realtraders@xxxxxxxxxxx, "Carl Vanhaesendonck"
<carl.vanhaesendonck@xxxx> wrote:
> Dear All,
>
> All these magic combinations, spreads, 4-legs box spreads, etc,
look
> so wonderful, until the moment you realize that you also have to
pay
> as much commissions as there are legs in your spread, not to
mention
> the sometimes amazing bid-offer spread if you order at the market...
>
> Personnally, I prefer to limit the use of options to cover an
> existing long position, or to add to my profit on an open stock
> position
>
> Carl
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
|