I guess overnight funding will probably kill you depending on how long you hold it.
I checked for you the overnight funding rate is at 0.02%; say your full exposure is $100K, which is very small position and you only need to put real money $5000 as your leverage is only 20, then everyday including weekends the charges on you from overnight funding would be $200. The overnight cost will kill you after one month totally, not including you need to put maintenance margin etc. you may close out rather earlier than that even considering the share price of CBA keep the same over the period. It just kill u.
Lets see how well you get burned today.
Multiyear low bottom formed, page-218
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Last
$142.85 |
Change
0.850(0.60%) |
Mkt cap ! $239.0B | |||
| Open | High | Low | Value | Volume |
| $141.90 | $142.85 | $141.46 | $424.7M | 3.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $142.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $142.85 | 5838 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |