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TradeStation Per–Share or Flat–Fee Commission Plan?

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Los Angeles, CA
 
Trading Experience: None
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Favorite Futures: Stocks Only
 
Posts: 20 since Jun 2012
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TradeStation Per–Share or Flat–Fee Commission Plan?

Hello,
Some time ago I saw a YouTube video made by an experienced daytrader. I have the link but I don't remember which one it is. The daytrader said that it's best to use the Per-Share commission plans over the Flat-Fee plans because of quality of execution. Is this true? Do the Per-Share plans get better executions, share prices, than the flat-fee commission plans?

For a 1,000 share trade, if the per-share plan gained even a penny advantage over the $5.99/trade flat-fee plan, then the per-share plan would be better:
Per-share cost: $5.00 + $0.006*500 = $8.00
Flat-fee cost: $5.99

If per-share plan gains a penny over flat-fee plan for 1,000 shares:
1,000*0.01=$10.00
The per-share plan wins by $10.00-8.00+5.99=$7.99

Does anyone have any experience with both the Per-Share and Flat-Fee Commission Plans?

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