Day trading fastest liquidity

[ausbronc]

Heya,

Cheers for anyones help on this. Im looking too as a hobby with small sums begin to day trade in ASX stocks. I currently have a commsec account.

My strategy is to close positions within a single day. This would mean in order to invest the following day id need to have access to the previous days investment.

Are there any high liquidity trading platforms? or means to do this through commsec? If the solution is more complicated im willing to follow any research leads members suggest.

Thanks

Ausbronc

 

[divs4ever]

Heya,

Cheers for anyones help on this. Im looking too as a hobby with small sums begin to day trade in ASX stocks. I currently have a commsec account.

My strategy is to close positions within a single day. This would mean in order to invest the following day id need to have access to the previous days investment.

Are there any high liquidity trading platforms? or means to do this through commsec? If the solution is more complicated im willing to follow any research leads members suggest.

Thanks

Ausbronc

ring Commsec support to get clarity on that

i have sold a stock ( i had already held for months/years ) and then used the credit to buy into another stock straight-away , ( and vice-versa bought something unexpectedly , and sold something to cover the debt )



but what you are asking is for stocks bought ( but probably not cleared under T+2 ) so that might be a little more complicated

cheers

 

[frugal.rock]

If you want to trade ASX (also Chi-X) stocks, the liquidity isn't provided by the broker.*

Comsec and Westpac both have an offset function where you can buy up to a certain value without the funds immediately available.
I wouldn't recommend using it...

Funds are generally available immediately after selling. By "available", I mean, funds are available to buy again, but not available to withdraw as cash until after settlement. T+2

Because of the offset function, you could buy MORE stock than you have cash in your account to cover. Beware.

A broker such as Selfwealth doesn't provide the offset feature, but funds are able to be used immediately after selling, but again, not available for withdrawal as cash until after settlement.

Hope that helps the understanding?

*Some brokers or platforms do provide spreads generally on leveraged products, CFD's etc

 

[jeromejf]

If you want to trade ASX (also Chi-X) stocks, the liquidity isn't provided by the broker.*

Comsec and Westpac both have an offset function where you can buy up to a certain value without the funds immediately available.
I wouldn't recommend using it...

Funds are generally available immediately after selling. By "available", I mean, funds are available to buy again, but not available to withdraw as cash until after settlement. T+2

Because of the offset function, you could buy MORE stock than you have cash in your account to cover. Beware.

A broker such as Selfwealth doesn't provide the offset feature, but funds are able to be used immediately after selling, but again, not available for withdrawal as cash until after settlement.

Hope that helps the understanding?

*Some brokers or platforms do provide spreads generally on leveraged products, CFD's etc

this info should help me trade cheers