MB TRADING Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : MB TRADING

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: peter michaelson who wrote (75)	4/24/1998 9:32:00 PM
From: funk	Read Replies (3) of 7382

Peter, this system is all about working your own trades to the best of your ability. I really never think about the commissions as high or expensive at all, just the reverse. If you and I went head to head Monday trading the same stock and you were using a $7 or $9 internet broker, I would be willing to bet that you would start singing a different tune about what constitutes a "cheap" commission. All I need to do is save a 1/16 on the buy OR the sell of the trade in your example and I am basically paying for both commissions AND putting some extra loot in my pocket. Heck if I get an extra 1/8th on each end, less likely on the $4 dollar stock in your example, but it does happen plenty often, I am going to pocket an extra $400 bux. The savings on one lousy trade can pay for your monthly fee. I won't say that I buy on the bid and sell on the ask every single time, but I will say that I do work trades that way quite often. I use to use a $9 dollar internet broker for daytrading. I am just thankful I lived through it. If you are actively trading, then this system deserves a look. IMO funk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next