Leaderboard

No wonder my ears where burning this weekend. That was some heavy conversation for a Saturday. Y'all seriously need to do more fishin'. Seriously, I hope pgrace is still reading this forum, even if not posting, because I understand his frustration, as do all IB users. The exchange fees are a pain, especially their unpredictability. But I went through my commissions and they are starting to come down and the average is dropping. I don't know why, but at first I was getting many 1.17 contracts and a few 0.96s, never at 0.70 to 0.75. Now I am getting more 0.70 to 0.75 and a few below that (so liquidity rebates must have been applied). I have been with IB for about a month now and my average cost has dropped from over a dollar to about 0.92. Since my later trades have been cheaper, the average should keep coming down some more. So, some of it may have been just luck. My orders have not changed. Based on IB customer service advice, I have changed my Global Configuration to Highest Rebate, instead of SMART. I have not noticed any change in the fills I'm getting and since commissions vary so much, there is no way to know if it has affected commissions or not. But I'll stick with IB for now. It is nice to not have a per trade fee, so I can make smaller trades while I am still learning the SO strategy. When I feel comfortable scalling up my trades, I'll re-evaluate commissions.