L
Its very easy for a day trader to buy shares without having any money as long as they can close out the trade the next day. Given the run we had yesterday and the amount of volume that traded, I would have thought there would have been quite a few T+1 traders. As it turned out today, there didnt appear to be any desperate (last minute) sellers which would suggest to me that the majority of buyers yesterday were probably longs - which is a healthy sign.
For those they dont understand what T+1 means, here is a simple explanation.
If you have $100K worth of shares, some brokers (eg Comsec) will lend you up to $50K to buy more shares (even if you dont have any cash). Once you acquire the shares you have 2 choices to make. Either, sell the shares the very next day or keep the shares beyong one day but you must find $50K prior to T+3 to settle the trade.
This is a very risky strategy - particlarly if the price falls the next day or prior. On the other hand it can also be very rewarding if the price continues rising.
- Forums
- ASX - By Stock
- smashed through resitance
LIts very easy for a day trader to buy shares without having any...
Featured News
Add ECT (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.929M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
57 | 27459639 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11714163 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
57 | 27459639 | 0.002 |
30 | 40536532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 11714163 | 22 |
0.004 | 6082988 | 11 |
0.005 | 3887859 | 25 |
0.006 | 5155234 | 9 |
0.007 | 918333 | 2 |
Last trade - 10.17am 03/09/2024 (20 minute delay) ? |
Featured News
ECT (ASX) Chart |
Day chart unavailable