DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Ken Adams who wrote (43)	6/8/1999 1:34:00 PM
From: Bilow	Read Replies (2) of 18137

Hi Ken Adams; That $25 per ticket seems a little steep to me, too. But there are guys making a living at it. My commissions are low enough that it is profitable for me to move 100 shares 1/16th of a dollar. (Buys a cup of coffee.) I know this isn't very much money, but I have done this as short as 2 seconds. (Actually, it takes longer than that to record the trade.) On the other hand, having to wait a while is something that people trading fast moving stocks just can't put up with. Selectnet orders can't be cancelled for 10 seconds, and sometimes having to count out those seconds can be horrible. But people who intend on holding for an hour or two, probably don't need to worry about the last 1/16th that they get in at. And those $25 commissions are probably reasonably small as well. For high speed traders to make a living, they have to be able to average around 4 cents per share (gross) against the market, at least at the place I trade at. This is less than 1/16th, but is a lot harder to do than it sounds... -- Carl

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