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What are your fixed trading costs
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What are your fixed trading costs

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
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Favorite Futures: E-mini ES S&P 500
 
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What are your fixed trading costs

New poll

What are your monthly trading related costs excluding commission?

Total votes: 415
 


What are your fixed (roughly) trading costs, on a month by month basis -- excluding commissions.

This would include platform, software, tools, data, subscriptions and any other related fixed costs that are requirements for your trading. You can also include services like trading rooms or newsletters if you subscribe to them.

Don't include commissions.

Mike

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


After you vote, please post your reply in this thread giving us a breakdown.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #4 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
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Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received

I voted $50 - $100 / month since I'm only paying for one of Sam's VPS and a TraderVue Gold subscription on a regular basis.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #5 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

other than perhaps high-speed internet costs which are not specific to trading ... maybe 50% of that usage applies to trading and researching trades I have no other trading costs

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  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
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Daytrader999 View Post
I voted $50 - $100 / month since I'm only paying for one of Sam's VPS and a TraderVue Gold subscription on a regular basis.

Cool, both of them have special discounts for futures.io (formerly BMT) Elite Members

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #7 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received


Big Mike View Post
Cool, both of them have special discounts for futures.io (formerly BMT) Elite Members

Mike

Yeah, I know...and that's the reason why it's no more than $50 - $100 / month.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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The following user says Thank You to Daytrader999 for this post:
 
  #8 (permalink)
Elite Member
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: Ninja Trader
Favorite Futures: 6E, CL, Anything that moves
 
Posts: 321 since Jun 2012
Thanks: 329 given, 92 received

Do we include the INTERNET SERVICE on the poll or just the other expenses?

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  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


OpalDragon View Post
Do we include the INTERNET SERVICE on the poll or just the other expenses?

Like most futures.io (formerly BMT) polls, I leave it fairly ambiguous so every voter defines it for themselves. I think overall it works out fine this way.

Personally, I would not include internet, just like I wouldn't include electricity.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #10 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received


Under $50 (stat tracking)

Psychology > Strategy ≥ Money
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