To the guy asking about trading with no funds in account.
Do not make the mistake I made many years ago.
I had a couple of occasions where funds were not in my Commsec CDIA account on the day of settlement back in 2008.
I was charged $55 on each occasion and they sold other holdings at a loss to cover the trade.
I believe that charge is now $110
To this day, I cannot put in a bid unless there are enough funds in my CDIA account for 24 hours before the trade.
Say I only have $1000 in my account.
I purchase $900 worth of stock at 10am.
I sell that stock for $1100 at 11am.
I cannot trade again for at least two full days when funds are once again cleared in my CDIA account.
This is the penalty I have to pay for a couple of discrepancies many years ago.
- Forums
- ASX - Day Trading
- Day Trader’s Aftermarket Lounge 11 Mar 2019
To the guy asking about trading with no funds in account.Do not...
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)