Brian,
Thanks! That seem like good slippage for that universe to me.
Was splitting my trades for study: equal shares for 11:00 and 2:00. Took average for buy and sell price. Not that compulsive anymore and also need to sell in AM to have the cash for PM buys (fully invested).
Jim
Denny,
Are you using the latest ATP 9.9 or the earlier version 9.6 (that they’re eliminating on 1/1)?
Is the “table” you create a watch list of Monday’s planned trades configured so the bid/ask and other relevant info is displayed adjacent in the list?
Do you execute as a Multitrade, or step down the list and menu select the trade function in each row of the watchlist?
And, finally, are you getting a better rate than $7.95 per trade from Fidelity?
BTW, I use a dual screen layout, so I can use one screen for browsers while ATP is active in the other. A basic Radeon 5840 GPU PCIe board ($19…) is plenty for non-gaming, and supports dual digital screens. Cheap and works well.
Thanks–
Terry
Terry,
I use ATP 9.9. At the top, select Multi-Trade under the Trade and Orders tab. That table has built in column headings for the Account #, Symbol, Trade Description, TIF (Time in Force), Value, Action, Last, Change, Bid, & Ask.
I don’t multi-trade the list. I just use it as a very convenient way to display all my trades in one table. So after the market opens I scan through the table selecting the stocks as they meet my trade criteria and place the trade.
No, I get the $7.95/trade fee.
The reason I don’t use IB is that it is too expensive for large orders. For example, orders greater than 1590 shares cost more than $7.95. I am currently holding 66 stocks and for 29 of then I have more than 1590 shares. When I buy ETF or large caps I will frequently buy 10,000+ shares which will cost me $50.00 on IB, but $7.95 at Fidelity. It only takes a few of them to make Fidelity less expensive. I recently made an order of $100,000 @ $4.27/share (23,400 shares) which would cost $117.00 @ IB but cost $7.95 @ Fidelity.
Denny 
But Fidelity aren’t opening foreign accounts …
Hi Gary:
I’ve got a similar limitation of choice here in Canada. I’ve currently got about 1/3 of my funds with Interactive Brokers and Denny is right that they get expensive. So I’ve got another brokerage account which has a $6.95 flat trade fee. To save money I trade my lower priced stocks in flat rate account and the high priced ones in the IB one. The trade interface with the flat rate account is not nearly as easy to use as the IB one (for example, no way to set up a list of trades ahead of time.). Some days I get frustrated with the flat rate interface but so far not enough to switch everything to IB and pay the extra. I’m currently checking out another flat rate brokerage ($9.99/trade) which has a less frustrating trade interface but still not as good as IB’s.
Brian
I see no disadvantage to using more than one brokerage. IB is very cost efficient when trading a smaller number of shares.
For ETF’s, several brokerages, such as TDAmeritrade and Vanguard, have over 100 commission free ETF, which can significantly reduce transaction costs. Otherwise, the least expensive large/mainstream brokerage is Scottrade, at $7.00/trade.
Scott
Denny
Do you ever use directed trading with ATP 9.9? For trades > 1000 shares you can use VWAP, TVOL and other automated strategies which split up your order into smaller lot sizes but you still only pay one $8 commission. I started using VWAP recently on some less liquid stocks. The executions seem OK although the limit orders don’t always complete by end of day. The main advantage is I can leave the computer.
Quant,
No, I haven’t tried that because before you mentioned it I hadn’t noticed it was available. I’ll try it out on some of my micro caps and see how it does.
Thanks,
Denny
Denny-
Fidelity has it programmed to not display the directed programming menu options unless it s during market hours (starts 9:15 AM EST). So there is no way to experiment with it during the weekend or non-business hours.
Trades and Orders/Directed Trades and Extended Hours/Route specifies the trading method.
Quant,
Ok, so that’s why I couldn’t find it!
Denny