Hi, I show here the impact of SureTrader fixed commissions on 2 trades opened and closed with 400 shares (400+400). Using BATS the rebate lets you pay $0 in Total (400+400). Using EGDX I paid $2.40 (400+400), 1.2 to short + 1.2 to cover the trade. Total Suretrader Commission $19.80 on a realized of $56. A LOT! With 400 shares you need 3 cents of profit to cover the overall commissions costs. But eanyway each cent gives to you $4 then looking for a 20cent/share of profit, you get good money. SecFee and NasdFee are in any case cheaper. But realize $56 with 2 trades, to get only $33.63 or Net profit is not so good. Trade 500 shares as minimum is definitely better, if you can do it. Only 2 cents/share to cover the costs and the risk of loss doesn't get a large impact by commissions.
johs1992 Jan 04, 15 11:58 PM
do you suggest to start with Suretrader with 5k of capital and when the account grow switch to other broker? please help I want to start trading but I don't have too much capital thanks
TimLento Jan 12, 15 8:40 PM
200 shares of ARNA cost me a total of 32 cents in fees at http://bit.ly/InteractiveBrokers
meyers27 Jan 13, 15 11:47 AM
flat rate commissions are hard for begginers to trade with imo per share is best unless trading huge size
Join now or log in to leave a comment
@vision Hey man, are the alerts only for trading circle members?
Jaketrades Nov 21, 14 1:12 PM
No
meyers27 Nov 21, 14 2:43 PM
so i would get the same one's you get?
Jaketrades Nov 21, 14 2:44 PM
yup but the trading circle is going to start live trading soon so totaly worth the extra money
meyers27 Nov 21, 14 3:06 PM
okay cool, ill check it out!
Join now or log in to leave a comment
@meyers27 just became a fully transparent trader today!
okay lets facetime buddy
why do you have a fake number?
you took your profits off so when i turned your ass in already they won't see that your lying but they already have it have fun
lol wtf
Join now or log in to leave a comment