Here's a tip : this is not the right place to ask for advice. Why ? I'll let you figure it out :)
I don't know what hits me the hardest, the PNL or the commissions :O
As most of you already know, ECNs will sometimes bonify their rebates and reduce their fees when their client hits a certain volume threshold....
6 years later, and my honest opinion is that OP is still wrong. Every penny counts. Especially at 10M shares a month.
I know exactly what you mean. I got tired of that.
That's a wonderfully elitist statement. No soup for you.
By devastating, I did not mean put me out of business. But 30k less per annum in my pockets isn't going to be unnoticed. No matter what my annual...
That is a pretty devastating increase for a small portion of the trading community. Unfortunately, I happen to be in that small portion.
It is taxed exactly the same as a personal business or liberal profession. The revenues are taxed as income, not capital gains. You can deduct...
Now are we talking 300k net PNL or 300k payout, which at 40-45% is quite different from 300k PNL.
Exactly. And that makes the structure seem pretty weird to me.
Maybe not anymore.
I trade around 8-10M a month, but I'm wondering about the "gross req" situation, does that mean Net PNL monthly or just "gross profit without...
Is Gross req your minimum monthly profit ? Does that include ECN rebates ?
So GMMI works similarly ?
Here's everything you need to know about Sterling. http://sterlingfinancialsystems.com/support.php The documentation contains just about...
Stop limit for sure, trailing not so certain.
No problems and it's been 2 years. Great commish rates. If you want to discuss further or have any questions, you can pm me. Cheers
5$ per 1000 shares ???
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