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Cost of Doing Business...
Posted: 02/02/10
By: tomgrisafi
There is the old saying- "Don't trip over dollars to pick up Nickels".
Many who venture out to become a trader, want to be the best and make the most. Some tend to forget the amount of time, effort, risk, and Money it takes to reach such high aspirations.
Those who know us well at Indiana Grain, know that from time to time we can see a 10 hour trading day turn into an 18 hour trading day, depending on what's going on in the market.
Not only is time and effort a huge part of our trading practice, we also have to take into consideration our "cost of doing business." Many in the industry know a "real-time" steady stream of information comes at a price, but can also be considered priceless.
From our Wall-Boards, to the Bloomberg Feed, and "TradeTheNews" audio service just to name a few, all play a vital role in the day to day operation here at Indiana Grain. But information does not come cheap, and we must carefully work these costs into our business model.
5 Comments
Guest
Posted: 02/02/10
Stocktwits is a nice Tool
Guest
Posted: 02/02/10
Tradethenews is great for when you want to step away from your work station and just blast the audio.
Guest
Posted: 02/02/10
also try Futuresline Audio markets!
Guest
Posted: 02/02/10
Stocktwits is free i think!
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Guest
Posted: 02/02/10
Trade The News is your best deal the rest is junk!