As I said to you before, thats your brokers doing with the charge of $4.99.
Dont blame your decision of broker on anyone else but yourself. There are brokers out there, like Invast, the broker I use, that charge a percentage of what is traded, so if I get filled on one share it woulnt even be fraction of a cent. The charge of 4.99 is coming from your broker, not evil hedge funds orchastrating the price to take your $5.
If you are day trading you are definitely using the wrong broker. I would suggest you look at FP markets or Invast. With them you are charged percentages (no mininum fee like your are with comsec) you can also trade as little as you want, no minimum, and also you can choose which exchange you want your order to go on (Chi-x or ASX), which means you can get in and out of trades more effectively whilst you would normally be stuck at back of queue on ASX with commsec.
You need to do research and you can make the playing field more equal, dont blame others for your decisions, take some responsibility.
CXU Price at posting:
1.5¢ Sentiment: Hold Disclosure: Not Held
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