Glad you got some value out of it! I think it’s important for anybody who’s going to be dabbling in the markets to have at least a decent understanding of what happens once they click “send”. Especially on commission free apps
Great to see you on here! I just subbed to your channel. Thanks so much for your support! I totally agree and what bugs me is that most people don't think twice about these kinds of things so the brokers take advantage of it by not being fully transparent about it.
@@TactileTrade - Would love to see you explain your indicator method for UPRO that you did on a previous video. I believe it back-tested in the low 40s%.
The indicator in that test was what I call my Market Sentiment Index. It’s a combination of about 20 metrics I track daily in a huge spreadsheet. A lot of the specific metrics are proprietary but it includes momentum, price action, correlations and the biggest ingredient, volatility. I do share the daily reading every morning in my blog along with any trades our community is taking
I'd say it is definitely a rip off in the sense that the users don't really know what the true cost of the trades are. We don't know if the quoted bid/ask prices shown are inflated, or if the execution prices are the best they can be. I'd much rather pay $0.65 per contract and know my broker is actively trying to get me the best possible fill.
Do you use a commission free broker? Are you concerned about execution prices? I'd love to know!
was on my recommended page :) you're doing something right
Erica Taylor thank you :)
Good job explaining how the market maker works, I knew there is a middle man but didn't know the details of it. Thanks
Glad you got some value out of it! I think it’s important for anybody who’s going to be dabbling in the markets to have at least a decent understanding of what happens once they click “send”. Especially on commission free apps
Great video man. People need to know this. Free comes with strings attached
Great to see you on here! I just subbed to your channel. Thanks so much for your support! I totally agree and what bugs me is that most people don't think twice about these kinds of things so the brokers take advantage of it by not being fully transparent about it.
love it!
Excellent content!
Thank you! Glad you enjoyed it
@@TactileTrade - Would love to see you explain your indicator method for UPRO that you did on a previous video. I believe it back-tested in the low 40s%.
The indicator in that test was what I call my Market Sentiment Index. It’s a combination of about 20 metrics I track daily in a huge spreadsheet. A lot of the specific metrics are proprietary but it includes momentum, price action, correlations and the biggest ingredient, volatility. I do share the daily reading every morning in my blog along with any trades our community is taking
@@TactileTrade - Very interesting. Thanks for the information.
Great content, just as earlier said. Tweak titles. This could be "How Robin Hood is ripping you off" :-D
I'd say it is definitely a rip off in the sense that the users don't really know what the true cost of the trades are. We don't know if the quoted bid/ask prices shown are inflated, or if the execution prices are the best they can be. I'd much rather pay $0.65 per contract and know my broker is actively trying to get me the best possible fill.