kDiqq 9 Report post Posted April 4, 2017 So I have been watching reviews of the popular free trading app Robinhood and it seems to be doing very well. For those unfamiliar, Robinhood is a basic stock trading broker that only charges a monthly fee for using margin. For outright trading, there are zero fees. They announced yesterday (I think) they are getting ready to launch a totally free options trading service called Jellifin (https://www.jellifin.com/). Anxious to see how this turns out. I use margin frequently, so I don't know if it would ever make sense for me to utilize it, but this seems to be a shake-up in the broker world! Hopefully free market takes hold and everyone benefits. Share this post Link to post Share on other sites
akhouston 16 Report post Posted April 4, 2017 There's no free lunch. With options trading, while cost is important, execution is everything. 1 Share this post Link to post Share on other sites
SeanM 29 Report post Posted April 11, 2017 (edited) On 4/4/2017 at 7:29 AM, akhouston said: There's no free lunch. With options trading, while cost is important, execution is everything. Partially disagree. I did a lousy job of record keeping last year, but in 2015, I had pretty decent executions, despite the crowded nature of what we do. I use IB, so trade costs were about as low as one can get. Commissions reduced my annual return by a little over 40%. Returns for that year are the dream of probably any trader or investor, myself included even including commissions and member dues. I guess my point is that transaction cost is extremely important, and also acknowledge that without execution you obviously miss the trade or possibility over pay, making execution also very important. I don't think execution is everything, though, as that 40% is quite significant. Imagine what kind of impact commissions at a traditional online broker would be. Edited May 3, 2017 by SeanM Share this post Link to post Share on other sites
