Newbie and playing with Sim account - fees question

[Mtymse63]

Hello - I'm a newb and after trying to educate myself on NT instruction videos and many other instructional videos, I feel that I'm ready to start practicing my futures trading game. I have not developed my own, or borrowed strategy at this point, so I have been playing the click game to "time the market". Not going to be my strategy moving forward, but I was marginally successful doing it for my first two days playing on the simulator and learning how to use SuperDom and charts.

My question: How do I go about interpreting the fees charged on my sim account? I included the screen shot of the report for my activity over the two days of trading.

My cash balance on the Demo account shows: $52,954.28
All Trades Gross P&L shows: $2,627.00

$2,954.28 - $2627.00 = $327.28

What fees comprise the $327.28 over two days of trading? I know I pay for "round trip" on trades and other fees as listed on the fee schedule. Are my fees reasonable, or have I done too much trading (clicking) to time the market?

Thanks for your help and guidance.

[NinjaTrader_LuisH]

Hello Mtymse63,


Thank you for posting on the NinjaTrader forums.


I'm not sure what instruments were traded here but according to your screenshot we should focus on left hand column.


Your Gross P/L was $2,627 and 67 trades were taken, the number of contracts traded is quite high so I assume you were doing multiple contracts per trade taken.


You'll want to remember that even though you would pay for your roundtrip trade, you'll still want to consider the number of contracts traded and multiply your roundtrip cost by the number of contracts.



In this case, your commissions are $608.80, thus bringing your net P/L to $2,018.20.



Please let us know if there's anything else we can assist with!

[Mtymse63]

Thanks for the reply Luis. So if I look at the table, I would take the $608.80 (fees and comm) and divide that by the 988 contracts 608.80/988 (contracts) = $.616/contract, right? Then again taking the 608/2018 = 30%, is that an average expect percentage that fees would run for trading futures on NT? Just trying to get an idea of fees, etc. Hopefully, I'm not overthinking this. Thanks again.

[NinjaTrader_LuisH]

Hello Mtymse63,



Commissions can vary per instrument, since I don't know what instruments were traded during the reported period, it's hard to know what your commission per contract was.


Generally you can follow this commission PDF to see what your all in rate per contract is per instrument.

i.e


If I trade the ES with a free account plan, my all in rate per side is $2.84.

Assume I buy 3 contracts, I then sell 3 contracts to be flat. (2.84 x 3)+(2.84 x 3) = $17.04 .



This will provide you with a better idea of what you can expect your fees to be when live trading.



Please let us know if there's anything else we can assist with!

[charlesthomas]

Hello - I'm a newb and after trying to educate myself on NT instruction videos and many other instructional videos, I feel that I'm ready to start practicing my futures trading game. I have not developed my own, or borrowed strategy at this point, so I have been playing the click game to "time the market". Not going to be my strategy moving forward letra invisível 2025, but I was marginally successful doing it for my first two days playing on the simulator and learning how to use SuperDom and charts.

My question: How do I go about interpreting the fees charged on my sim account? I included the screen shot of the report for my activity over the two days of trading.

My cash balance on the Demo account shows: $52,954.28
All Trades Gross P&L shows: $2,627.00

$2,954.28 - $2627.00 = $327.28

What fees comprise the $327.28 over two days of trading? I know I pay for "round trip" on trades and other fees as listed on the fee schedule. Are my fees reasonable, or have I done too much trading (clicking) to time the market?

Thanks for your help and guidance.

The $327.28 difference likely represents the trading fees you've incurred. These can include commission fees for executing trades, exchange fees for accessing the market, and round-trip fees for both opening and closing positions. If you're making a lot of trades, especially with a strategy like timing the market, these fees can add up quickly. To determine if your fees are reasonable, you'll need to compare them against the profits you're making, and consider reducing the frequency of your trades to minimize these costs.