What is the best way to reduce the commission costs

Quote from stockripper:

the answers are no and yes to your question. hey my friend if you want to pay 1 cent a share be my guest. i'll take my 10-15k a month commissions savings and stick it in a mutual fund
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I agree that 10k in savings per month is significant and should be gotten if it is there to get, but please tell that you are not a trader who would accept guaranteed underperformance by investing in a mutual fund? Investing in SPY, and collecting the DIV is a much better strategy than that, and I could throw out a few others as well, that perform much better.

At least you are able to save 10k a month, and that in and of itself is a good accomplishment.
 
Quote from stockripper:

wait mr rockford. i'm a retail customer and have no affilitaion with any broker nor ever have. go all over the et thread and there's 100's of forum's talking about commissions. tons of people have .003 are less per share. i am simply stating that ib's stock commissions rates for the avg guy doing 500 shares or less per trade are no competitve. i stated i ahve an options account with them and love it. i stated they're a goiod company. many others on here have also said there 1 cent per share on the first 500 is not competitve. i could care less what others do but i'm stating a fact. go check out genesis. some fo there trading groups ahve spammed people for the last 2 years offering .003 or less. each person needs to evaluate there own situation
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just name the firm and skip the nonsense.:D
 
what is the answer for the original poster who trades 200k shares/ month
who pays $60/day trades about 10k shares/day or 15 K in commission in ayear at a rate of .00625 with ecn fees.
alot of macho dribble, i trade 1m/month+ and i pay .00....:)
 
Manuptrader,

You posted, in this thread, that you pay two-tenths of a cent per share, to trade 2 million shares per month. You did not identify your broker, or specify whether the relationship is retail or proprietary. Would you please identify your broker, and specify whether your relationship is retail or proprietary?
 
Quote from stock777:

If I added up all the millions share a month guys just here at ET, the total volume would be 200 Trillion.
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Hahahahah
Hehehehe

nitro :D
 
jim: Over the last several months, many people have mentioned retail rates in the neighborhood of those that stockripper is quoting. Look for some of the first posts about Genesis for examples.
 
Even if brokerage firms do not explicitly mention that "negotiated pricing welcome", they often still negotiate commissions with active traders. There are many factors involved in offering someone better rate than what is posted. Often times, they deal it case by case basis. Sometimes the good rate is only offered in promotional basis for a limited time. One good way to find out out cheap commissions rate is to shop around by calling the brokers directly. The brokers' web-sites' commissions rates are not always set in stone.
 
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