so you want to learn more about sir traders Commission's the fees the EC and
fees what are all these fees that I'm paying and how much am I paying how can
I get cheaper Commission's stay tuned so I want to talk about sure trader fees
sure trader in general what's the deal with your trader why do I use your
trader and how can you get cheaper sure trader fees and commissions the reason
that I use your trader like I tell a lot of people is because I pay for ninety
five per 10,000 share it's not that bad it's not that good it is what it is but
I can keep a small amount of money in my shrah trader account I don't need to
worry about having twenty five thousand dollars in this account to day trade I
have another account that I use for a swing trades long position and stuff
like that but when it comes to day trading this is easy for me to keep a
small account open I do all the videos I feel like people on YouTube can relate
more to trading with small-size hurting with a small account give you guys an
idea of how my journey of building this small account every month you know
building it up from $3,000 for $5,000 making profit taking money out paying
myself it's how I do it so first off if you're opening a store trader account
today you're gonna be paying one penny per share trading so if you buy 10,000
shares you're gonna pay $100 to get into that trade $100 to get out of that trait
so it's not that good really I understand it's hard it's not beautiful
but it is what it is it's kind of one of those things if you're buying 10,000
shares at a time maybe it's time to open a bigger account anyway but if you're
buying a thousand shares cost about $10 to get in $10 to get out and then you're
paying no ecn fees and what I'm paying is 495 per trade and then I'm paying EC
in fee for me it cost $16 to get in and out so basically one trade it cost me 16
dollars with the EC and fees with the Commission's it's gonna cost me 495 per
trade plus $3.00 per thousand shares traded so I'm paying $16 where if you're
trading in and out with a thousand shares you're paying $20 but if I'm
trading 3 or 4 thousand shares it works better in my favor because I can buy up
to ten thousand shares with 495 fees Commission's so it works better for me
I'm paying a little bit more on EC and fees but in general it's better system
if I'm buying a larger size with my Commission's the way that you can get
cheaper Commission's with sure trader is you need to be able to trade with them
for a while if they use their services for a little bit you need to build up so
kind of leadership and let them know like hey I'm an active trader I trade a
lot I'm doing a lot of volume I'm trading over 200,000 shares per month so
I need to break down I need you guys to help me and that's what they can
normally do after you open your account after trading for a while you know give
it a month or so show them that you're actually you know
active trader that you're trading every single day you're trading small penny
stocks you know small cap stocks you need to be able to buy more shares you
can't afford that buy 10,000 shares I pay $100 to get in and out so that's one
of the things you can work on which are trader just kind of give them a call and
talk to them about how you're an active trader how you want to get to 495 per
10,000 shares traded like I said multiple times in multiple videos sir
trader is a necessary evil it allows people to day trade under $25,000 every
other broker will not allow you to day trade underneath $25,000 if you're a US
citizen so it's one of the things short trader it lets you do it and is what it
is if you're looking to grow a small account store trader really is the best
option when it comes to you know doubling your account because you can
use leverage obviously the more risk you use per trade the more risks you're
gonna lose money so yeah be very careful you gotta be very careful not to over
trade not to go too big not to you know really leveraged out when you know the
stock might be crashing or gonna be careful you got to really manage your
risk better when you're using margin when you're using leverage I know Co
people say how you know avid swells know our account but how do you buy so many
stocks short trader is giving me six times margin
it'll give everybody else 6 times margin as well if you have a minimum of $500 in
your account so you can buy you know it's only 2,000 shares you have up to
12,000 dollars in buying power so it gives you a lot of more option can
actually buy more shares can get in and out of a stock over three dollars so
over three dollars is the margin factor you need to have the stock needs to be
over three dollars to be able to use that six times margin the smaller stocks
you can only buy one to one so you got you'll learn the rules make sure when
you first open a store trader account that you learn the rules you learn about
the end of the day margin restrictions make sure that before 3:30 by the end of
the day that you're totally back to you know 2 to 1 margin if you have 6 to 1
they're gonna charge you they're gonna cut you they're gonna charge you $50 to
liquidate your position back to 2 to 1 margin so be careful 3:30 rolls around
make sure you're back to that 2 to 1 instead of 6 to 1 sir trader it's not
the best it's not the worst it's definitely better than trying to trade
with Robin Hood but in general short trader really is the only option out
there if you're opening an account today you're gonna pay one penny per share
traded another thing to think about what's sure trader when you first open
account if you're using the web-based platform to day trade it's very very
difficult you cannot use hotkeys you don't get all the information that you
need so you need to upgrade to the pro platform which is what you're sitting
here this is short trader Pro gives you level two all this stuff I pay 104
dollars a month for all this information I know it's insane they just keep
racking up the fees so you got to kind of do what you got to do
use your trader be careful manage your risk and focus on growing that small
account into a large account and then getting a new broker so like I said I'm
paying one hundred four dollars per month I only have level two I don't use
OTC or the penny stock I don't need the Pink Sheets I want to keep that platform
feed $104 a month I have the mobile app if I ever need to give you get in and
out of a trade I can do that on my phone over time trade we start trader for a
month or so and then give them a call to get those lower fees
you