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.
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?
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.