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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Leland Charon who wrote (14421)	10/11/2001 5:41:15 PM
From: OZ	Respond to of 18137

Well that looks like one of the best ticket based charging plans out there, if the company is solid. When you look at their example at this link daytradz.com it clearly shows the advantage over companies like MBT. But if you were to compare the charges they show for a month and figure them for a year you would get $27,780 total for a year on 1.2 million shares (which is not many shares IMO). When you do the same equation on TerraNovaMB you get 37,380 for the year. Doing 500 shares lots is what really kills the bargain and what the house is counting on. When you look at a deal like the one I am trying to put together that is based on the 1 cent a share and the same ecn fees as the two cited above, you get a yearly total of $17,640 regardless of partial fills, pryamiding in and scaling out for the same total shares of stock cited above. The freedom of being able to scale in and out and risking partials is very conducive to good trading too since your focus can improve. So the yearly numbers were (with 400 lots also added): TNova $37,380 but if doing 400 share lots -> $36,780 Daytradz $27,780 but if doing 400 share lots -> $27,180 PerShare $15,000 but if doing 400 share lots -> $12,000 The per share plan is 1/2 to 2/3 cheaper than the ticket plan in this example. Though I would have to say that if someone were to trade only in large lots (over 1500)and did enough tickets, the plan over a Daytradz could really be a big payoff in terms of money saved. regards, Oz