Totally agree kacy but figures dont seem right.Assume: bhp @...

Totally agree kacy but figures dont seem right.
Assume: bhp @ 32.32.

You with minc. 10 times purchase of $ 20k ($200k)
10 times sale at market ($200k)

= 6188 units rotated * .10 profit = $618
subtract one buy note @ $33 and one sell note @ $33 = $66
= $552 after brokerage is taken out (profit)

Now for warnie.
Assuming W does his $200k in 4 tranches. 4/buy for $50k and 4 sell @ market.

Commsec. $50k / 32.32 comes to around 1547 units.
A buy order i just placed for this parcel returned brokerage of 224.95, so assume warnie has pull and gets brokerage for 180, "per trade executed"(commsec)

= 6188 units rotated * .10 profit = $618
subtract 4 buy and 4 sell contracts = one contract = ~$180
Therefore 8 contracts needed = $1440 in brokerage alone.
profit - brokerage: 618- 1440 = -822 (loss)

Even if warnie was getting $100 brokerage per contract he is still bleeding on $200k turnaround, with bhp @ 32.32 and a $.10 profit.

Costing excluding conditional orders which minc has no fees for. Does minc do OCO (one cancells other) with conditional orders and sell orders in the market, Kacy.

For arguments sake i did a straight $200k buy, brokerage for that alone was $799. I am assuming larger private players would have this down considerably say $450. can anyone confirm this.

bldr