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Samson Soturian
The Plain Bagel
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Four Hidden Costs of Zero-Commission Brokers" video.
That amount is usually pretty small as most people don't maintain cash buffers.
16
I'd recommend a zero commission broker for anyone who's only interested in shares and/or has an account size below 10 grand.
16
@ThePlainBagel Deliberately unfair scruitiny. The guys presenting the literal conspiracy theory as fact were the same guys harassing Melvin Capital employees and their families as well as sending me suicide requests. Most of them were literal gamblers and sports fans that got in after the squeeze.
15
@ThePlainBagel when you're dealing with zero sum games and corporate raiding there are always massive conflicts of interest. I personally was telling people to take profits and diversify DURING THE SQUEEZE and got all sorts of lies spread about me (most of which was that I was a corporate spy). And yes, four different people told me to off myself, one guy doxxed me, four Facebook groups banned me, and I got a fury of expletives from people who consistently turned out to have never invested before last February. The amount of gaslighting involved in GME/AMC is insane...
4
Speaking of incentivization to trade: I opened a small forex account and found they charge inactivity fees and keep sending me short term market trends by email to get me to trade more. I know why they do this: I have a spread account.
3
I saw that too. The fact is if their algorithm can auto-liquidate your account once you hit zero and there's no chance you'll earn enough to put a dent in the broker means there's no reason to restrict your leverage.
2
If your on Robinhood that's probably because their charts aren't live and there was a delay between when the data was sent to you and when you hit buy. But yeah, with illiquid securities the bid-ask spread gets wide.
1
But the price must move up/down beyond that price to be executed.
1
There's usually a long list of seldom used fees. It makes the important fees harder to find on the website, though,
1
Most brokers do that.
1
How they make money, then?
1
No they weren't. Most finance guys consider it a dirty trick.
1