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Niharika Kamble made post

As a trader, do I need to really worry about my trading costs?

Answer
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2 years ago


When it comes to trading, you must worry about every factor that you can control. Cost of trading is one such factor you can control and hence your focus should always be on control your trading costs. The only time most of us look at our trading account costs are at the time of reviewing the contract notes in the evening. Normally, most traders go through the complete ledger on a period basis to get an idea of all the costs that have been debited to the trading account. Why are costs important? The brokerage and other costs may appear to be quite small but they eventually make a substantive difference to your break-even level when you are trading. Remember, costs of trading can be explicit (mentioned in your contract note) and can also be implicit (not mentioned in your contract note).