TWIST 25 - Commission Free Trading (Oct 2, 2019)
SteadyTrade
SteadyTrade.com
4.6 • 589 Ratings
🗓️ 2 October 2019
⏱️ 10 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This week in steady trade with Tim Bowen. |
| 0:02.6 | Why don't you just shut the hell up? |
| 0:06.5 | All right. |
| 0:07.2 | Welcome back to this week in steady trade. |
| 0:10.3 | So I've got something to go over that I think is attractive to many of you and actually |
| 0:16.7 | should be attractive to many of you. |
| 0:18.8 | This is great news for, you know, if you've got a small |
| 0:23.3 | account, if you're a new trader, if you're just coming to, you know, to active day trading, |
| 0:29.3 | this is great news. And I kind of want to reply to some of the, you know, I don't want to call |
| 0:37.0 | it disinformation, but some of the misunderstandings |
| 0:40.1 | that are out there. So Schwab announced commission free trading. You know, we've had Robin Hood for |
| 0:47.3 | a while. Robin Hood's been around zero commissions. But now we're starting to see the quote unquote |
| 0:53.8 | big boys follow. So Schwab made that move yesterday |
| 0:58.6 | TD Ameritrade quickly followed with announcing their own commission free trading last week or so |
| 1:07.6 | interactive brokers announced it I mean you know it's just kind of the way the world |
| 1:13.9 | is headed, I would guess. I mean, I'm guessing, you know, e-trade will probably follow suit. At some |
| 1:19.2 | point, I'm guessing pretty much every online broker will move that way. It's just, it's just kind of |
| 1:25.2 | once, once the domino starts to fall, you're going to see it |
| 1:29.0 | repeat through the industry. Now, um, I think it's great. Number one, if you've got a small account, |
| 1:36.1 | commissions can really eat you up. I mean, even if it is $7 trades or $5 trades, that can |
| 1:43.9 | really add up if you're actively day trading. |
| 1:48.1 | And, you know, if you've got a couple thousand dollar account and let's say you have a good |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from SteadyTrade.com, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of SteadyTrade.com and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

