Does anyone actually day trade the ASX?

Kingofclubz · 3 October 2016

Quant said:
http://au.investing.com/equities/apple-computer-inc , this site does live nasdaq stock charts in realtime if thats all you want

lol @ CFD.

Thanks for the link.

Habakkuk · 3 October 2016

Kingofclubz said:
Yes, although you may have misunderstood my post. I want to be able to view live intraday price action on US markets and with no intention of trading yet I'm querying if options are available where I don't need to fund an international account with most wanting minimum balances. IB for eg requires $10k.

Yes, I have misunderstood. It's a bit confusing for me. You're asking about day trading the ASX, but because of perceived poor liquidity, you have to trade US stocks. You don't mind staying up all night, presumably.

As for live data you would have to pay for it monthly if you only "look" and don't trade. It's typically $60-80 for ASX from most brokers. I don't know about US data, but similar pricing could be expected. A little research would be required.

Kingofclubz · 3 October 2016

Habakkuk said:
Yes, I have misunderstood. It's a bit confusing for me. You're asking about day trading the ASX, but because of perceived poor liquidity, you have to trade US stocks. You don't mind staying up all night, presumably.

As for live data you would have to pay for it monthly if you only "look" and don't trade. It's typically $60-80 for ASX from most brokers. I don't know about US data, but similar pricing could be expected. A little research would be required.

Yeah this I what I found, without X amount of trades per month there is a fee associated.

Do you day trade the AU markets? If I am mistaken with my assumptions let me know.

Anything that moves with decent degree of % gain either has almost no volume or is trade halted before it even has a chance to run. Just what I have observed.

Habakkuk · 3 October 2016

Kingofclubz said:
Yeah this I what I found, without X amount of trades per month there is a fee associated.

Did you expect it for free?

Do you day trade the AU markets?

Yes, but not all that successfully.

Anything that moves with decent degree of % gain either has almost no volume or is trade halted before it even has a chance to run. Just what I have observed.

Where did you observe that?
What is 'decent degree of % gain' ?
How much is 'almost no volume' ?
trade halted before it even has a chance to run ?? some sort of conspiracy, perhaps, to prevent you from making a profit?

I'd like to hear your answers.

Kingofclubz · 3 October 2016

Habakkuk said:
Did you expect it for free?

Yes, but not all that successfully.

Where did you observe that?
What is 'decent degree of % gain' ?
How much is 'almost no volume' ?
trade halted before it even has a chance to run ?? some sort of conspiracy, perhaps, to prevent you from making a profit?

I'd like to hear your answers.

Free would be nice.

I observed my findings whilst visiting a remote village just west of Somalia where I recently travelled to see a late uncle of mine who left me $US100 million inheritance. He whispered on his final breathe that he amassed his fortune by never accepting anything free and always going with his emotions.

Quant · 3 October 2016

Kingofclubz said:
Free would be nice.

I observed my findings whilst visiting a remote village just west of Somalia where I recently travelled to see a late uncle of mine who left me $US100 million inheritance. He whispered on his final breathe that he amassed his fortune by never accepting anything free and always going with his emotions.

Didnt know the circus was in town Clowns are pretty funny

Wysiwyg · 3 October 2016

Kingofclubz said:
I hope I'm wrong and day traders in AUS are making solid returns, if so Id like to know but I'm not seeing the volatility or volume that the bigger playgrounds provide.

I am not a day trader in the true context but I have an appetite for learning. What size daily turnover do you need to participate?

Roller_1 · 3 October 2016

I think this site has free intra day US equity quotes, check it out

https://technicianapp.com/

Joules MM1 · 3 October 2016

Does anyone actually day trade the ASX?

as in; trade the stock ASX, trade the spi, trade a front month contract asx200, xjo ......wot, exactly?

nothing like vague, huh

Kingofclubz · 3 October 2016

Wysiwyg said:
I am not a day trader in the true context but I have an appetite for learning. What size daily turnover do you need to participate?

All relative to position size and the goal of the trade I'd imagine.

Gee · 25 December 2016

I've been looking into this for a couple of months and have been trading mainly the bank stocks. I'm range trading mainly, so have a number of longs and shorts on at the same time. At the moment I trade with IG who charge $8 per trade which is not bad, but does make things harder. I've only been trading smallish numbers while trying out the platform but am looking to scale up in the new year. Would be interested in any feedback on strategy or alternative brokers with lower costs etc. If there's little market movement (quite common) I'll sometimes have a little side bet on the ASX index.

Quant · 25 December 2016

if you trade frequently and size intraday something like this may be your best bet

"
Bulking refers to multiple trades in the same stock on any one day, all being aggregated to the one confirmation note. Any number of orders can be entered any number of times during the day, with only two notes being produced (one Buy and one Sell) and the brokerage charged based on the total value of each note "

also IG doesnt allow you to be in the dom so you get screwed on the spread , over a year this adds up if you trade frequently

https://www.amscot.com.au/Rates

And yes i daytrade aus200/xjo/spi

Triathlete · 25 December 2016

Try..... TD365....... $5 E/W up to around 7K then % above this. I have been using for a few months seem okay.Have also withdrawn $ from account and no problems as yet.

Gee · 25 December 2016

Quant said:
also IG doesnt allow you to be in the dom so you get screwed on the spread , over a year this adds up if you trade frequently

https://www.amscot.com.au/Rates

And yes i daytrade aus200/xjo/spi

Thanks @Quant with amscot, I'm assuming you have to buy the stock as opposed to cfd? Also, what is "in the dom"? Thanks

Does anyone actually day trade the ASX?

Kingofclubz

Habakkuk

Kingofclubz

Habakkuk

Kingofclubz

Quant

Wysiwyg

Everyone wants money

Roller_1

Joules MM1

Kingofclubz

Gee

Quant

Triathlete

Keep it Simple..!

Gee

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Does anyone actually day trade the ASX?

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