Australian (ASX) Stock Market Forum

CMC zero loss trade day?

Joined
29 February 2008
Posts
29
Reactions
0
Iv been seeing a few advertisments for this around, anyone tried it before?

how does it work?
do they just buy puts to hedge your position and charge big brokerage for doing so?
 
Iv been seeing a few advertisments for this around, anyone tried it before?

how does it work?
do they just buy puts to hedge your position and charge big brokerage for doing so?

They don't hedge your positions. They are happy to give you a free day to get you "in".

They will get plenty more out of you after your "free day", plenty!!
 
It's just a marketing ploy and a pretty good one imo. What they lose today they will make back tomorrow.

90% of people will not employ or forget about risk management after having a day where loses are written off and think it is all too easy and probably wipe out the original capital put in to open the account.
 
I Havent seen the ad but there is must be a catch isnt it?
otherwise people could do $1000 per point in their Aussie 200:confused:
even just for one day.( that could be cool 100 gurrilas...)
 
Top