ASX 0.37% $64.74 asx limited

macquarie prime, page-2

  1. 2,027 Posts.
    I've been using it for about 6 months and quite like it. No charts however but otherwise a competent program. Hedging CFD shorts are quite useful so you don't have to sell your shares when you expect a drop (and so benefit from capital gains rules by holding for over a year) although I am hopeless with timing in putting my shorts on and off; you can partially hedge too. You can only hedge on larger companies. You get full depth of orders and trades are instantaneous, whether cfd or not. With a guaranteed stop loss you can actually have less collateral, as low as 1% or so but each time i've done this they extract a hefty fee and my stops get broken so I don't do that anymore. Of course the leverage can work against you or for you, just like any leveraged system. There is a pdf on their site that tells you how much you can leverage on each share; the big co's w divs and solid earnings you can leverage 95%, then there are many at 10% and 25% and then there are many of the small stocks where you cannot leverage at all.
    I'm mainly a long term fundamentals investor and I like the ability to flexibly leverage, I don't know what it would be like for mainly a cfd trader or a day trader.

    The ability to short saved me from a complete wipeout during the subprime drop and I didn't have to sell my core holdings. I shoulda shorted earlier, but probably most people would say that!
 
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Last
$64.74
Change
-0.240(0.37%)
Mkt cap ! $12.68B
Open High Low Value Volume
$64.98 $65.50 $64.68 $6.703M 102.8K

Buyers (Bids)

No. Vol. Price($)
3 62 $64.73
 

Sellers (Offers)

Price($) Vol. No.
$64.76 96 8
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Last trade - 12.23pm 31/07/2024 (20 minute delay) ?
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