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Commission-free trading

Posted by: HSXToby on Sep 21, 10:24 in response to Vashta Nerada's post Vote yeah or nay. Can we get some kind of limit on the...

We've been looking at this situation for a long time and have many of the concerns that are being expressed here.  Our original intention back in the day was to encourage trading on the weekends, when people were at home and dealing with the inconvenience of dial-up.

Those days are long gone and we now see the commission-free period used in interesting and innovative ways that were not intended. Consensus is forming here at HSX that the time may be coming to shut off the commission free period.  Don't be surprised if you see a decision made relatively soon. 

Vote yeah or nay. Can we get some kind of limit on the number of flips a stock can do in a day. Say 20. That's a nice round number. Vashta Nerada Sep 19, 21:12

I think HSX needs to get control of this. It's a crap way to make money... grory Sep 19, 22:01

I hate the idea of freezing stock!! I don't like this steady flipping either but I think that HSX staff and/or the techies should be able grammar Sep 20, 12:05

Then just hold it one way and stop worrying so much about flipping and riding it up and down. Sheesh. {nm} secretstalker Sep 20, 10:09

You do realize I'm a daytrader, don't you? I think it's genetically impossible for me to ignore movement... grory Sep 20, 10:27

Heh .. I second that. {nm} grammar Sep 20, 12:08

Rookie opinion; we are all free to trade the way it is now if there is a switch that would hurt the traders that have a decent strategy? damenchipguy Sep 20, 19:46

i actually like it at 50K cause it can really help you alot more than 20k it makes it more challenging i think {nm} Smallville944 Sep 20, 21:16

Commission-free trading HSXToby Sep 21, 10:24

If you're really headed that direction, why not take a moderated approach? Like, everyone get X free trades -- a reasonably generous number, edzep Sep 21, 10:57

I hope you don't opt to do away with commission-free entirely. I like to clean my port on Saturdays and I imagine small ports are happy to grammar Sep 21, 17:15

ach ... their not there. {nm} grammar Sep 21, 17:16

Why was the studio moviefunds cashed out? {nm} bushblos Sep 22, 16:01

I'm gonna go with a big fat no! Let market do what the market it is going to do. No one is making us participate in these swings and flips. HuskyMiller Sep 19, 22:41

10 Billion with a capital B. I'm ambivalent; I just ignore Saturday swings, except for my futile effort today. {nm} edzep Sep 19, 23:01

Yes, I meant Billion. (I'm so HSX poor I'm just used to typing million. Billion isn't even in my HSX vocabulary.) {nm} HuskyMiller Sep 19, 23:16

These are not normal swings. These are individual stocks that bounce one or two increments at a time, sometimes for hours at a time. grory Sep 19, 23:40

This isn't one stocks moving because of news or other reasons this is just up a tick and down a tick. After taking Vashta Nerada Sep 20, 01:08

i agree with you, stock flips should be allowed maybe 10-20 times per day, per port. Champ8 Sep 20, 07:00

HSX was able to control this type of flipping in the last version, they should be able to do it now, too... grory Sep 20, 09:25

Why not just do something similar to what they've done with limit orders? Perfection Sep 20, 10:46

why dont you just quit playing, then. ndmaster Sep 22, 07:56

You made a good valid point there. Limiting the number of trades per stock would be a huge disadvantage to traders that cannot sign on grammar Sep 20, 12:14

I'm all for eliminating commission-free trading, period. Or maybe change it to allow X commission-free trades on Saturdays {nm} remrej Sep 20, 08:58

Why on earth should a stock even flip that much unless there are traders manipulating it? {nm} secretstalker Sep 20, 10:08

so what if a stock flips and flops, theres no law says you have to play it. {nm} islander Sep 20, 10:08

Eliminate commish free and be done with it. {nm} Hooray360 Sep 20, 10:15

I like the way you think {nm} remrej Sep 20, 10:53

This is where I stand. Do away with commission free. {nm} SocioEvo Sep 20, 17:11

Nay {nm} icecreamman Sep 20, 10:35

Why not just do something similar to what they've done with limit orders? Perfection Sep 20, 10:47

Nay! I say let a stock flip as much as traders cause them to flip. There are bigger problems to address first. LonePirate Sep 20, 11:06

This problem is big. The person(s) who flip a stock 80+ times in two hours, can also take a stock up 20 points in a couple of hours. {nm} heybroxxx Sep 20, 15:37

How do you figure that? It flips up, then it flips down, then up, then down, etc... won't it either end up down or up? {nm} secretstalker Sep 20, 20:50

Right, except one Sat.evening or morning(PST) in late July, this person(s) took SHRK4 up 20-30 points. {nm} heybroxxx Sep 21, 15:57

That was pure manipulation. Had nothing to do with trading. I think that was probably somebody hat had a beef with HSX. {nm} Vashta Nerada Sep 21, 23:51

A 3% move is nothing even when commission is on. That barely covers commission. You have a funny idea on what a reasonable move is. Or are Vashta Nerada Sep 22, 00:47

So you support these unusual 3% or more manipulations but you are against constant fluctuations at a smaller percentage? LonePirate Sep 22, 16:34





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