>>>What’s teeing up for Nvidia earnings? I’m watching 16 different exchanges to see where Wall Street’s hiding its next BIG earnings trade, and we’ll cover it all at 2 PM ET on Tuesday!<<<
I had a bit of a wake-up call this week. I was going over my trades and noticed something that made me stop — how much I’m actually paying in commissions.
I always assumed it wasn’t that bad. I’ve been with Schwab forever, figured I had decent rates. But when I dug in, I realized I’ve been paying 65 cents per contract.
That adds up fast.
I used to pay 30 cents. I don’t even know when it changed. I was checking my XSP trades, then SPX, then single stock options — all 65 cents. I had to stop what I was doing and start messaging Schwab support.
I mean, 65 cents? That’s a lot.
Why It Matters More Than You Think
If you’re trading size, commissions are a big deal — but even if you’re just doing 10 contracts, 20 contracts, it adds up. That’s real money getting chipped away from your gains every single day.
Especially when you’re trading stuff where you might be in and out quickly, trying to scalp.
Then I checked what Robinhood charges — 4 cents. Just the regulatory fee. That’s it. WeBull is 13 cents. I’m sitting here at 65. I mean, what the hell?
And it’s not like I’m throwing around massive size either. I did four contracts of XSP, two SPX, 10 Walmart (WMT) — small stuff. I used to trade 200- or 400-lot blocks, but I don’t go that big unless I really love something. So even with small trades, it stings to see how much I’m giving away.
What I’m Doing About It
I’m still going to use Schwab, but I’m not going to sit back and eat that kind of commission anymore. If they won’t lower it, I’ll move more of my active stuff to Robinhood.
No loyalty when you’re bleeding cash on every trade.
This was a good reminder — don’t assume you’re getting the best deal. Go check your own commissions. Message your broker (Schwab will likely give you a discount if you demand it). Compare platforms. Because if you’re paying 65 cents a contract when others are paying 4 cents, you’re throwing money away every time you click the button.
That’s what I realized today.
The team at Lance Ippolito Trading
Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros.
You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito
And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx
Important Note: No one from The TradingPub team or any of its associated brands will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. What’s Teeing Up for NVDA Earnings???
With less than 48 hours until a critical earnings report from the king of chip stocks, Nvidia…
I’m monitoring 16 different options exchanges to see where Wall Street might be hiding their next BIG trade…
Join me LIVE at 2 p.m. ET on Tuesday to see what tickers are lighting up on his radar!
