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Day traders' after-market lounge February 27, page-8

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27/02/23

18:08

Post #: 66493432
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Originally posted by Guaranteed Profits ↑

I trade the stocks/equities through Invast Global and FP Markets (today I just used Invast). Probably use them both equally. Going to start using Interactive Brokers to trade US stocks hopefully later in the week (just transferring some money around and have to link the platform to them so can trade). They all offer margins with different percentages on individual stocks. Not sure about stop losses because I don't use them. I use manual stop losses because I'm usually watching and know how much I'm willing to lose and will just get out accordingly.

For example the margin on QBE short on Invast is 10%...

and on ING is 20%...

So it just varies on each particular share but usually the higher priced ASX 200 shares have lower margins and the cheaper ones have higher margins.

Also have CMC Markets accounts too but haven't been using them lately because you can't short on CMC. Will still keep them though because when the market eventually picks back up again will use CMC for longer term investments because there is no margins on there so are just using your own money so don't pay any borrowing fees like you do on Invast & FP if you hold overnight.

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Thanks heaps for that GP !!!!

So when using the Margins is it possible to also lose more that one has put up,
If the trade does not go as planned?
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