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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: ratan lal who wrote (130)12/3/1998 11:17:00 AM
From: SE  Respond to of 99985
 
Ratan,

Here are the fees I am charged to do one emini round turn. Double for
two and so on. Normally, I would agree with your assessment, however,
the ratio is 5 eminis to 1 large contract. Remember also, and I am
not saying this is the way to do it, but if you did 5 eminis you
commission is greater, but that would allow you to either scale into
or out of the position if you wished. With one large you are locked
into the entry and exit no matter what happens. Just a thought.

Not sold on the emini as a way of trading, but getting there. Cost is
higher, but the options available are also higher. That being said,
when I get to the point of trading 5 eminis, I will probably instead
trade one large .... so take it for what it is worth.

-Scott

------------------------

COMMISSION 29.00-
CLEARING FEES 1.20-
EXCHANGE FEES 1.00-
NFA FEES .04-
BROKERAGE 4.00-
TRANSACTION FEES 3.50-

Total 38.74-