051: Bryce Edwards – Tracking ‘Stocks in Play’ and Acting on Order Book Activity, Intraday Momentum
Chat With Traders
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How to Be Mindful of Commissions as a Day Trader
In Australia, we get charged on a percentage of trade value. So if you're going to trade $100,000 worth of a small speckey, it's going to cost you the same as $100k for large cap stock. The easiest way to save on commissions is obviously pay less to your broker. And once you start doing a lot more volume, you can negotiate a pretty good rate. I'm currently on a rate of two and a half basis points. That's $2.50 for every $10,000 that would be traded over. If anyone wants to ask questions about brokers, I'd be happy to answer them via email.
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