IntermediateMAD Academy0:45Risk

The Costs That Are Not on the Statement

Commission is the smallest and most visible cost. Spread, slippage, taxes and financing are larger and mostly invisible.

0:45 · 6 scenes

This lesson is part of a MAD Academy plan.

What the Lesson Covers

  1. 0:00Zero commission does not mean the trade was free.
  2. 0:05The full list. Spread, slippage, financing and tax all cost more than commission ever did.
  3. 0:15How frequency multiplies it. A small per-trade cost becomes the dominant term once you trade often.
  4. 0:24The tax difference. Short-term gains are taxed at a higher rate, so frequency costs twice.
  5. 0:32The honest test. Subtract all of it from your returns. Many strategies stop working there.
  6. 0:40Count every cost, then see whether the edge survives.
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Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
Educational content only. MadStockAlerts provides market commentary, research, and educational content. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security. Trading and investing involve substantial risk, including loss of capital. See the Risk Disclosure and Customer Agreement.
The Costs That Are Not on the Statement — MAD Academy Training Video · MadStockAlerts