I disagree vehemently.
Some of us want to do lots of trades per day, even though lately I have been trading like an idiot. And if I want to perform 20-100 tickets a day, then I might as well have supercharged equipment to do it. Even though I have a 233 w 64m RAM and a 230k ISDN, it is slower than say a Block office. IMHO, if you skimp on equipment, you'll get your teeth handed to you in a bucket...
So far there has been no pressure by Cybercorp to do X number of trades per day. There is a fine line between offering someone $400 per month in news/quotes feeds and having them do 1 trade a day for a whopping profit of $20. You couldn't run a business like that either...
If you think commissions are so awesome, take the chance and open your own office. Block has lost 5 offices recently - San Francisco, Long Island, Fairfield, San Antonio and Ft. Lauderdale. If you own an office and you have 16 people doing one trade a day, you're toast. Break even is 250 tickets per day. A good office must have a core of big ticket traders, or it won't survive.
Just my opinion. |
