Here is Investopedia’s definition of Commissions,”A commission is a service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security. Most major, full-service brokerages derive much of their profits from charging commissions on client transactions. Commissions vary widely from brokerage to brokerage.”
Commissions are a vital part of trading but differ from one individual to the next. Heck, they differ from one trade to the next. So how does a service like QiT handle commish?
We had one of two choices:
1. Put in an absolute amount where every trade had the same commission or
2. Do not include commish and let each individual account for it him/herself.
We’ve chosen to do the latter and let you account for commish yourself. This way you get a much much better feel for how it will affect your portfolio.
We suggest you take the number of trades from the evaluator sheets then multiply the number of trades by YOUR OWN commish and then subtract that from the cumulative profit.