I only pay for Kinetick data feed, 75$ per month with CME waiver program still running and that's all.
Of course I do not count internet, electricity, hardware depreciation, and trading platform depreciation (NT7 lifetime license), etc...
Successful people will do what unsuccessful people won't or can't do!
I would count that as commission so it's excluded.
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I would actually like to know if there is any correlation between the money being spent and trading success. What is the annual average return ( as a percentage of trading capital) for each of groups? Said more simply; if people spending no money are losing their shirts and those spending a lot are making piles of money--well that would be something to know. Knowing how many people are frugal on Big Mikes may be interesting, but it is not that useful.
The following user says Thank You to mcteague for this post:
I voted over $1000 but my highest trading expense is my office. I rent an office down town for $1150/mo. I have a one and a half year old running around and it's not as easy to focus in that environment so I decided to rent office space. Best move I ever made I love trading from the peace and quiet of my office. I pay around $110 for data.
The following 2 users say Thank You to daytrader07 for this post: