Wednesday, March 25, 2009
Getting Started with ...?
I'm more than likely going to sign-up with Tradestation however I was not aware of the $99.95 per month charge for using the platform. Also, bear in mind that if you trade 5,000 shares a month (in & out) then the fee is waived. So after the 30 day free trial you will be charged $99.95 per month until you reach 5,000 shares traded per month but if your using Bert's 20 cent target time line then you will reach 5,000/month during the 2nd 8th week period when 200 shares are traded per day. Just something to consider when factoring in operating costs (We'll pay $99.95 for the 2nd month only if we stick to Bert's schedule).
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FYI: Please keep in mind that there are other charges. I spoke to Henry at Trade Station and if I heard him correctly, there is an addtional charge of $11 per month for Nasdaq Level 2. Also if you want S&P or NYSE you would be charged $1 per month for each.
ReplyDeleteLloyd