ASX 1.23% $58.26 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
$58.26
Change
0.710(1.23%)
Mkt cap ! $11.29B
Open High Low Value Volume
$57.64 $58.32 $57.27 $41.72M 721.0K

Buyers (Bids)

No. Vol. Price($)
1 787 $58.12
 

Sellers (Offers)

Price($) Vol. No.
$58.26 950 2
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Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
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