"If some one making a 100K trade, Brokerage is Penuts while if some one making 5K trade, Brokerage is huge".
Seriously - this is hilarious. Do you try to put humour into your posts?
A$100k trade = buy and sell, so A$200k per day * (lets make it simple) 80 trading days so far in 2016 = (based on 10bps & NO other transaction fees) A$200k * 10bps * 80 = A$16,000.
Not sure if you get that, but lets make it simple.
Buy and hold for 3 months would cost A$100k * 10bps = A$100.
Buy and sell every day for 3 months would cost A$200k * 10bps = A$16,000.
So, over a 3 month period, you have brokerage costs of 16% of the 'investment value'.
I seriously hope you can get it - but I somehow sense you will just keep coming back for more...
China Trading Rule, page-60
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Last
$7.30 |
Change
0.150(2.10%) |
Mkt cap ! $23.70B | |||
| Open | High | Low | Value | Volume |
| $7.23 | $7.33 | $7.19 | $92.93M | 12.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8869 | $7.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.30 | 47838 | 2 |
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