CLSS Traders 0 Posted August 6, 2018 Would just like to clarify something. If i enter a trade at 1000 shares it would cost me the flat fee and every time i scale out of my position at say 200 shares a time this would cost me the flat fee every time I scale out at this rate as well? just want to get an idea of what my commission fees would be on a trade like that. Thanks in advance for any assistance that is provided. Share this post Link to post Share on other sites
Lee W 82 Posted August 6, 2018 10 hours ago, CLSS Traders said: Would just like to clarify something. If i enter a trade at 1000 shares it would cost me the flat fee and every time i scale out of my position at say 200 shares a time this would cost me the flat fee every time I scale out at this rate as well? just want to get an idea of what my commission fees would be on a trade like that. Thanks in advance for any assistance that is provided. You got it. On a per-ticket fee structure, like the $2.95/trade with Speedtrader, you'd pay $2.95 when you enter and $2.95 each time you scale out. Keep in mind that the $2.95 does not include routing and regulatory fees. So the $2.95 will actually be a little bit more. Those extra fees are usually VERY small, though. A per-ticket fee structure may not be cost effective if you intend to do a lot of scaling in/out. 1 Share this post Link to post Share on other sites
daniel lindegren 27 Posted August 7, 2018 On 6/21/2018 at 10:50 AM, Robert H said: Can't you just change the default account in Global Order Templates (same as standard DAS)? I know this is old, but just an FYI in case you come across this question again. Yes, you can change the global setting for accounts with SpeedTrader Pro. Share this post Link to post Share on other sites
Boomer 0 Posted September 19, 2018 Do you know is the SpeedTrader deal still applies to BearBull Traders. I see the promotion does not appear to be listed on the site any longer. Is there a known problem with them? Thanks. Share this post Link to post Share on other sites
Robert H 450 Posted September 19, 2018 36 minutes ago, Boomer said: Do you know is the SpeedTrader deal still applies to BearBull Traders. I see the promotion does not appear to be listed on the site any longer. Is there a known problem with them? Thanks. Yes, the deal is still on: https://speedtrader.com/bearbulltraders/ Some members have reported certain stocks not available for short. Not sure which stocks in particular. Share this post Link to post Share on other sites
Boomer 0 Posted September 20, 2018 Thanks, was about ready to sign up, but wanted to know if any problems. I do also have a PDT account with IB, which seems to have a good supply of shorts, but their commissions are high if you trade in the thousands of shares on a single stock. Thanks again. Share this post Link to post Share on other sites
hattmardy 0 Posted November 2, 2018 Hi guys, Thought I'd add an update as a few things seem different from earlier posts. I signed up for SpeedTrader this week, and it was very easy/fast. Most of it was handled online, but I did have to email them copies of W9 & Margin agreement form. The account only took 2 days to open, I wired the money this afternoon, and it's all ready to go! Another little difference the minimum was only $25,000, but I still put a little more in for padding. Their online system takes me back to the 90s, but I figure I will be using DAS mostly anyway -Matt Share this post Link to post Share on other sites
