You raised a good point about commissions. I have TradeStation
and switched from the flat rate of $8.00 to .01 for the first 500
and I think .006 for the rest per share. So on 1000 srs round trip
I am now paying $16 vrs $16 on the old rate. Of course anything
above 1000 shares I am paying more like on 2000 round trip is
$28.00. I have had very goood luck with the mechnical systems. For
an extra 1000 shares you are only talking about a .012 increase in
share price round trip. The mechanical systems I cant see being
effected by this amount.
If you are buying 100,000 lots and are female will you marry
me?
I was told to go back to the old system I would have to close my
account and open a new one.
In retrospect I have started taking Matt and Steve's advice and
starting using the watch list within the last few weeks. Since I am
only buying 200 to 300 shares a position the cost for commissions
really evens out. This is why I switched to the .o1 commission
rates. I have been a member for a few years and even though the
watch list has always done well was reluctant to use it
because of the volume the stocks needed for purchase. Now that this
is included with the alerts I am a very happy camper.
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COMMISSIONS
Mechanical Systems Returns Including Commissions and Slippage
Posted by RM686 on 5th of Jan 2010 at 10:38 am
You raised a good point about commissions. I have TradeStation and switched from the flat rate of $8.00 to .01 for the first 500 and I think .006 for the rest per share. So on 1000 srs round trip I am now paying $16 vrs $16 on the old rate. Of course anything above 1000 shares I am paying more like on 2000 round trip is $28.00. I have had very goood luck with the mechnical systems. For an extra 1000 shares you are only talking about a .012 increase in share price round trip. The mechanical systems I cant see being effected by this amount.
If you are buying 100,000 lots and are female will you marry me?
I was told to go back to the old system I would have to close my account and open a new one.
In retrospect I have started taking Matt and Steve's advice and starting using the watch list within the last few weeks. Since I am only buying 200 to 300 shares a position the cost for commissions really evens out. This is why I switched to the .o1 commission rates. I have been a member for a few years and even though the watch list has always done well was reluctant to use it because of the volume the stocks needed for purchase. Now that this is included with the alerts I am a very happy camper.