and that's me done, back out. Was jsut reading this article, and I actually think not outlaying any of your own money, it is risky, but you could make money off T+2 without bringing out a single cent.
http://www.news.com.au/finance/mone...t/news-story/c9d184823d9058140d2db801ce7b5cf3
I was thinking of being greedy and exiting out at 10... but a profit is a profit, especially on money you never put down. THe only downside is westpac hits me with $30 brokerage for even a $10k and below trade. It's nuts, 60 bucks down the drain for less than 30 minutes. I think it drops to 19.95 or so if you have a westpac account... part of the reason why i use bell ($15 a pop) , but then the downside is you need cash in hand in the trust account and can't use t+2.
if anyone ever finds a t+2 with $15 or less a trade (in the lower bracket) i'd be keen to know!
XPE Charts, page-2339
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No. | Vol. | Price($) |
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3 | 15100 | 0.063 |
2 | 180000 | 0.060 |
1 | 86000 | 0.058 |
1 | 53000 | 0.056 |
Price($) | Vol. | No. |
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0.089 | 200 | 1 |
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