7 Figure traders

They offer courses with reasonable price ! LOOOOOOOOOL

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ElectricSavant said:
If Bill Gates stops on the sidewalk to pick up a 100 hundred dollar bill...he loses money right?

Es
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If the bill is on his name, yes. As he will have to pay that bill. :D
Posting here makes you losing money too. If you would work the time you are sitting on ET you will make more then 1K a year.
Everybody loses money all the time, their entire live.
 
schweiz said:
I don't agree. I see everything in relation to all my costs and all my profits.

If this 1K would represent 2% of the total amount of paid commissions I would do nothing. Because you can probably save 2% on everything you do in life. Watch your list of things that improve your net income and take the most important savings (in percentages!) first.
If you would make 50K a day it might be better to focus on trying to increase your profits by 0.1% which would be roughly 12K instead of saving 1K in commissions.

If people would not watch their savings in percentages, all billionaires should be trying all day to save money on food, cars, cloths, holidays, hobbies... In short they would have no time anymore to enjoy life. They would be busy to save small money, small money that they even don't need to have a good life. Why waste your time on something that has no importance at all in life? Spent this time on your family and friends.
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This seems illogical to me. In the absence of new trading ideas to test, optimizing costs is important. For one, we are talking about a constant cost and any savings are permanent and consistent.
 
d08 said:
This seems illogical to me. In the absence of new trading ideas to test, optimizing costs is important. For one, we are talking about a constant cost and any savings are permanent and consistent.
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I would bother about paying 1K a year more in commissions. It wouldn't change my lifestyle and percentage wise it is neglectible. There are thousands of ways to save money, not just in trading.
Because if you would try to save on commissions, why not try to save on food, electricity, clothing, fuel, restaurant bills, hairdresser, holidays, cars, hobbies... In all these things you can save a constant cost and any savings are permanent and consistent. I don't see the difference.

It would be different if you would be able to cut commissions by 10 or 20%. But 1K a year?

Maybe my opinion is biased on the fact that decades ago I had to save as much money as possible to start my first business. It was horrible, so I don't want to be reminded at that. Which might explain why I don't care.
 
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