Replies to post #20369 on Cycle Trading

[spdpro]

D > like a post I saw last night on the subject
in my view the money is being made front running
trades (life in the millisecond world)

[jaws57]

Did some reading and they also make money on all the "cash on sidelines"
All day traders by definition are in cash 2/3s of each day and 2 days on WE. $25000 minimum also to be able to DT more than 3 trades a week.
Margin interest is a biggie.
Then depending on brokerage, they try to get you hooked up with an for fee advisor.
This all makes sense of course and I kind of knew this already but didnt know to what extent. Swhab says it will only effect 4-5% of thier revenue. But TDA over 25%.

I just wonder at some point, all the free stuff we get might start costing unless acct balance is certain size.

I initially was concerned about TDA but less so now.