tag:blogger.com,1999:blog-30128229.post6154173997027024100..comments2023-09-30T07:11:55.493-06:00Comments on MarketFN.com: Understanding Risk Can Improve Your TradingInvestment Househttp://www.blogger.com/profile/14771320644915759241noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-30128229.post-39199140279660881642007-12-18T17:59:00.000-07:002007-12-18T17:59:00.000-07:00The transaction cost mentioned in your blog is fo...The transaction cost mentioned in your blog is for longer-term amateur traders only. For retail day traders, half penny per share (5 bucks for 1000 shares) is the norm. As for professional day traders, not only that they pay much less than that amount (some pay as small as 20 cents per 1000 shares), but also get the ECN fee rebates. Some day traders even make money from their trading transactions while the price of the stocks hardly moved. Nowadays, only the academics would think that transaction costs make day trading a loser's game.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-60667881098831461022007-12-16T12:27:00.000-07:002007-12-16T12:27:00.000-07:00Thanks for writing, S. There are many reasons to ...Thanks for writing, S. There are many reasons to choose a broker other than commission though commission rate is among the criteria. Consistently good fills, for example, can often outweigh cheaper commissions. Sometimes newer traders may need someone to lean on so they might want to use an experienced helpful (difficult to find) full service broker. Like most areas of trading, it comes down to the knowledge, experience, and discipline of the trader that really counts.Bill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-3068187592431905552007-12-15T11:36:00.000-07:002007-12-15T11:36:00.000-07:00Any trader that uses a broker charging $9 per trad...Any trader that uses a broker charging $9 per trade deserves the problem.<BR/>Why not use IB which charges $1 per trade and only 46 cents for a single stock future on a stock.Mikehttps://www.blogger.com/profile/06883507751277496907noreply@blogger.com