Leaderboard

Robert is correct. Jason, here's what you do. Log in to the IB Acct Management page. Go to Statements. To the right, you'll see Create Custom Statement. Click that. On the next page, give the statement a name (maybe Commissions and Fees). Under "period," choose Daily. Then, in the "sections" at the bottom, click Commission Details. A check will appear showing you've selected that one. It is the only one you need to select. Next, mark any of the "Section Configurations" you want. You don't have to choose any. Click "continue" at the bottom right. You'll then get to review you choices. Click "create" at the bottom right. Next page, click OK. Next you'll be taken back to the Statements page. You'll see the custom statement off to the right. Click the little arrow to the right of the statement name. It will run the statement for whatever date is in the field (in the list of fields). This report will show you the total commission as well as the breakdown of broker charges and third party charges. Hope that helps!

There you have it folks! They don't call him Lee 'The Legend' for nothing lol.

Day 8 recap on the simulator: -201. Red is learning New balance on the Simulator: -$164  Conclusions: I was jumping in and out of trades... Overtrading for the most part. Went above 50 tickets I did not respect ORB and did not wait for price to surpass opening or the wick of the previous candle I have to plan better set ups with clear stop loss placed on an important level and be more patient with my trades

Are we talking about ECN fees? They are separate from comission that brokers take. You can get them even in DAS simulator. Go to top bar "Trade" -> "Account Report". I'm in simulator and calculate costs 0,0035 per share + ECN fees shown in Account Report. The more you have tickets/scale, the more they add up. Then there is different lot's. "Board Lot" is block of shares that are measured in hundreds(100, 200, 300, 1000 etc.). Block less then a hundred(60,70, etc) is "Odd Lot" and numbers between hundreds are "mixed Lot". All these have affect ECN fees. It's quite easy to understand. If you add liquidity like Board Lots you get rewarded by lower fees. If you make it harder to the market to fill orders you have to pay like in Mixed Lot. My biggest weakness is overtrading and these fees has major impact if you overtrade. And Roberts post shows the range were i have seen them vary. But it's great that DAS calculates them so you don't need to guess or average them. In few strategies i have tested by using LIMIT orders because it adds liquidity and it not only reduces ECN fees but you can get rebate for adding liquidity, hence reducing fees even more. Never seen these rebates in live or done research so not sure does it really work in practice. But at least ECN fees are smaller. Mostly i just try to scale fewer times than Andrew because it'll eat small account if you scale six times on small share sizes. I still wouldn't start using LIMIT orders in fear of fees. Like Andrew says, at the beginning(or for a while after) it's not important at all. You need to learn everything else first and then you can make adjustments so you can be more cost efficient. But it is still good to know these things exists.

Thank you all who attedend our BBT Chicago Meetup at Miller's Pub! The event was a complete success!!! There was plenty of food, drinks, and amazing fellowship and energy, as we came together from various backgrounds and circumstances to celebrate our commitment to day trading. We are a committed group and pledged to continue to meet on an ongoing basis to learn from our shared experiences and to achieve great success as professional day traders. Thank you Andrew Aziz for you continued support and for committing to attend our next BBT Chicago Meetup! See you all next time in the Windy City!!! Regards, Miguel Angel

Awesome, well done, keep at it. Journaling is key!