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JPGuru

4,660 Posts.

568

27/03/22

13:49

Post #: 60449945
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Originally posted by deanmac: ↑

Hi JPGuru,

I don't have any hard and fast rules. Just have been fortunate enough to free up some cash to have about $150-$200k in the trading account for trading. Don't have any rules with regards to how much of trading capital can be tied up in a trade or cash - just what I see as working at any point in time - and trying hard to learn from past mistakes and not let any trades become 'investments'. I still am doing some consultancy work - so that assists with family living expenses etc. Recent trading profits have started to be distributed as taxable income.

With trading platforms - I just keep it simple. Have used ANZ for nearly 30 years - and haven't been bothered to investigate alternative options.
I have access to the 'pro platform' but don't even use that. Just the bare basic services. I would like to investigate how to get access to broker data though. Think this would be a benefit at times.

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thanks.

ANZ charges arm and length similar to westpac and commsec? why not use stake ($3 flat per trade) or selfwealth ($9.5 flat per trade)? stake don't provide stop loss but selfwealth will provide that feature... !

do you use stop loss or sit in front of computer all the time during trading hours?
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