w/e chat - brokerage, page-7

  1. 175 Posts.
    lightbulb Created with Sketch. 2
    i have been receiving free brokerage since i began trading 15 months ago, thanks to a clerical error. Now i have to pay brokerage like everyone else.

    previously i was happy to use this advantage to scalp stocks that i liked, to generate a second income.

    eg. buy 18c sell 18.5c for $200 profit. that same trade now would be only $160 profit 20% less profitable scalp and the breakeven trade is a $40 loss

    no brokerage has saved me around 10 grand so been a huge bonus when learning to trade but also meant that i found myself overtrading

    i think brokerage should have a sliding scale not just for increased dollar amounts but also a reduction for the day trader with high number of trades per month

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.