I’m not going to lie, I didn’t know it would make such an impact…
It was December 14, 2014 and I was all smiles looking at my profit for the year in my trading account.
I decided to see what exactly it took to get to my profit of $145,901.28…
- 487 equity trades
- 688 options trades
- 351 of one option contract
- 241 of two options contracts
- 96 of three options contracts
That’s a lot of trades but 100% completely necessary to get returns like I did.
But I know what some of you MUST be thinking…
Your commissions must be insane!
Here is what I spent:
Okay so you might be right. $12,579.00 IS a lot in commissions, and after going through this exercise myself to find out just how much I paid, I felt the same way as you!
What Did I Do Next?
I have great news.
As it turns out, online brokerage accounts are pretty negotiable on commission rates.
You simply need to let your brokerage company know you would like a better rate.
And here’s what happened…
They Said Yes!
TD Ameritrade has special low rate accounts for those with high trading volume and a net worth over 1 million dollars.
And I was one of them.
The new account I had looked like this:
NOTE: I’ll walk you through exactly how to get this account for free in minutes. Just click here and grab one now.
How I Made $7,488.50 Overnight
I didn’t think it would be a big difference at all…
But then I plugged in the numbers.
Here are the results on the exact same trades, same prices, same platform, same laptop, same everything, with no effort just a new commission structure in my brokerage account:
How Amazing Is That?
It’s incredibly amazing.
Here are some of the things I learned…
- Sometimes it’s not about a new strategy, it’s about being on the right platform.
- It is very possibly to add to your profits simply by reducing costs.
- Brokerages at the end of the day want you to stay with them and will do things in order to keep your business.