manipulation, page-18

Hi Play2Win

Hi play2win. It appears that you have become a partial T+3 player ATM.

With the debate about ethics and such share trading is capital game. Some rules I don't agree with because there are so many loopholes but when you play within the rules and make money then that is fine.

It is a pity you had to sell for a loss but that is the way DTs and T+3s work - just make sure the gains cover the losses overall if you can:>))

The main reason for this post is to discuss 2 of your references:
1 They HAD to be sold today to 'cancel' out Commsec- where you buy but do not have to pay if you sell them same day or next day at the latest

It was of my understanding that clearance was three days. Maybe somebody could clear this point. Aposter a couple of days ago asked the same question because he wanted to know whether or not he would have to sell Monday to get his money before Christmas. My understanding is a sale on Monday would be available on the following Thurs, ie three business days. Plse correct me if I am wrong:>))

2 I missed the 45.5c because that is opening and we all know that happens in a nanosecond

I have noticed a few occasions when pple have said they are locked out of the opening and closing auctions. The auctions go on for an hour (?) before trade and ten minutes after trade. I find this is an important part of my trading strategy as you can often make gains or sell before the rush. All you have to watch out for are the dummy bids that are pulled at the last minute. I am with the NAB and find that I am able to participate in the auctions. Evidently other online trading houses don't - is this true?

I hope this opens a discussion to help newbies understand that we should look for a broker who allows the most versatile trading possible.

Maybe it should be on the general thread but Meomites bring it up quite a lot:>))