Hi –
Please do not flame me on my strategy. I am only looking for advise on how to reduce broker costs.
My general strategy has been scalping (using WMT and XOM) and making some money off small movements.
One of the things you will notice is I switched from flat to tiered in late May which helped reduce the costs somewhat (XOM buy orders).
My current setup is:
– Interactive Brokers – Tiered Model now.
– I always use limit orders to enter and exit positions. All my trades are routed…