Australia's largest stock trading and investment forum Australia's #1 stock forum

Daytraders After Market Lounge 10th October, page-43

First 43 Last

Share
Profile

Follow
Dazzle101

3,615 Posts.

23

11/10/16

07:32

Post #: 19760729
Share

Originally posted by MemeFx ↑

Thanks for posting that Dazzle.

An important thing which that report leaves out is where your equity needs to be kept with each broker trading account.

When markets (or your broker) turn south, then you can lose everything - even in a segregated account.

There has been some chatter on the DT thread lately about settlement periods and so forth. If you are settling in less than t+2, then you probably aren't trading shares, you are probably trading some sort of derivative on the share, such as CFDs. And these are probably being settled into a trust account or similar.

This will present with hidden risks and costs.

The one I bang on about is on a semi-regular basis is counter-party risk. This is where you are actually trading with the broker (as with some CFDs).

If the broker goes bust ( or liquidates). You got nothing. And it can tie up your money for years.

Just a caution. Probably should have edited some of that, but too lazy.

MFx

Expand

Yes, thankyou.
Definitely another factor to consider,
Why alot just stay with the big old banks I suppose.
The devil you know.

Last edited by Dazzle101: 11/10/16
Upvote

Reply

Top Stories

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

First 43 Last