Stocks & options trading tips: Increase your profits by doing this 1 thing / stock market strategies, options trading basics, Stock market investing tips, stock market for beginners, options trading 101, stock trading basics welcome to looking at the markets with
David Moadel i just wanted to mention
something that only took me a few
minutes to do and you can do it too if
you haven't done it already and it'll
save you a lot of money over the long
run if you're an options trader this is
or or stock trader any kind of trader
this will save you a whole lot of money
and it's it's really easy you just have
to assert yourself and call your broker
if if you have not done this already
call your broker and insist on lower
fees lower fees lower Commission's
because they're probably overcharging
you most of these brokers these online
brokers that people use and as well as
the the non online brokers but brokers
will overcharge you if you let them if
you don't say anything if you don't call
their customer service department and
insist that you're a good customer
and you deserve better pricing you know
lower commissions for your trades and
this is true for stock traders and i
would say even more true for options
traders because options trades
oftentimes cost more than stock trades
so it and if you want some ammunition so
to speak some some data to to back up
some research to back up your claim that
they're charging you too much you can
show them what other brokers are
charging which is nowadays very very low
rates because there's so much
competition with all of the online
brokers for example take a look at
options house which now it says
optionshouse by etrade so you know this
is not some unknown little broker any
more options house is really has grown a
lot and it's a highly I I think highly
respected broker especially for options
traders and check it out there charging
less than five dollars for stock trades
and if you're in options trader like i
am its 495 for dollars 95 cents base
charge for an options trade and fifty
cents per contract for options contract
and if you're doing a spread then they
only charge the 495 / spread its only
one base charge for spread of 495 and
fifty cents for each contract so they're
not going to charge the 495 twice if
you're let's say putting on a vertical
put spread or something like that
alright so if your broker is charging
more than that if they're charging you
know seven dollars eight dollars ten
dollars more than ten dollars some of
them just for the base fee and then some
of them charge 75 cents per contract for
options or you know or more than that
yeah that's that's too much and you can
call them up and let them know hey let's
look at what options houses is a
charging you know can you give me
something competitive to that
here's another one tradeking and you can
look this up all all online you know
it'sit's options house.com tradeking
dot-com they're charging a very similar
structure here for stock trades 495
portrayed flat rate for options traders
495 for the base and and it's only one
charge base charge even if you do a
spread
just like with the options house and
then 65 cents per contract options house
is a little bit cheaper with the with
fifty cents per contract for options and
if you thought that was cheap check out
the option
okay and I'm not recommending any of
these brokers i'm not i'm not getting
paid by any of these brokers to to
promote them
ok so you know I you know don't don't
think that don't think I'm making any
particular recommendations that this is
just ammunition you can use so to speak
when you let your broker know that that
they really should charge less because
look at the competition here z option
they charge three dollars three dollars
per stock trade and for option traders
three dollars for the option trade the
base and then fifteen cents per contract
I mean that that's really cheap
and yeah there's no reason to to fit for
your broker I to charge more than this
or or a lot more than this here's and
and that is the option calm and here's
another one just to trade . com and
that's the word just and then the number
two and then trade . com and they're
offering unlimited trades for two
dollars fifty cents and then fifty cents
for option contract okay and if if you
trade so it's 250 for a stock trade with
that look out cheap that is that's the
cheapest 1i think we've seen so far the
option is three dollars for a stock
trade just to trade 252 dollars fifty
cents and that's for stocks ETFs and the
options are to $52 fifty cents plus
fifty cents per contract
even if it's a spread or even a straddle
which is usually very expensive 250 plus
fifty cents per contract and that's per
leg for the spread or for the straddle
that that's incredibly cheap and it's
it's it's great
now again that these are not the price
is not the only thing to consider
of course you have to try out I maybe
try these for yourself in fact
definitely do your own due diligence do
your own research
try this for yourself if you want to
find out whether the customer service is
reliable wet weather they provide good
trade execution whether they can get you
a good price on your trades you know
that kind of thing so it's and also
whether they have the online tools that
you need you know a strong platform
online platform
these are all things to consider don't
just look at the price but if your
current broker is charging for example
$10 portrayed just for a stock trade or
are ten dollars base and maybe 75 cents
a contractor or more for four and
options trade that I think that's too
much i think that's ridiculous so call
them up
it only takes a few minutes and you know
it's it's something that all if what's
the worst they can do say no it doesn't
cost you anything really to to call them
up and insist on on a better rate I
actually called my broker or one of my
broker's is you know I've more I've more
than one broker that I used but I called
one of my broker's and I
I insisted on a better price and they
actually gave it to me and it didn't
take long at all and it just took a
really just took a phone call so if you
like some help with stocker options
trading learning how to not only save
money but make some money or at least
not lose money because that's that's
really important goal as well you can
send me an email at any time and we can
help you set up a trading plan if you
want to because that's super important
if you don't have a trading plan then
you could be headed for financial
disaster so my email address is David
Modell @ gmail.com and the last name is
spelled m.o.e a de el if you like this
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thank you so much and i'll talk to you
soon