XPE Charts, page-2365

True Architect. Westpac only let me put through 10k due to trading restrictions. I haven't used it for a good few years for trade purposes so I can't remember if it's due to my own set $ limit, or due to the fact that I have absolutely no securities in there. Perhaps like your comsec if i had some holdings, they would have boosted up the limit. I swear in the past it was at least $15k of cash that could be put forward on my t+3 there... oh well, 300 or so bucks for using someone elses $10k is good enough for me.

I have used the t+2 system previously on trades inadvertenly when i was alot more active scalping $70,100,150 here and there back in the old resources day straight out of uni (so back then having 2.5k i the portfolio, scalping $50 here and there was good enough fo rme). But never on a consistent, systematic basis. I might have to reconsider based on what you said, and today's action, it may indeed have a good place in an uptrend. Agreed though that it presents problems with FOMO and being shaken out when you have to sell out for t+2.

I thought it went off business days, so purchasing on a thursday, you'd have until mon or tues? Do they count the weekends? If not i assume the friday shakeouts are , as hudson said designed for the t+2.


@HudsonDesign - as mentioned above, i can see a shakeout for t+2 players on a friday (if they count sat/sun as settlement, i though it went off business days?), but how would big players play shakeouts on a daily basis. You have no idea if today marks the first or last day of their t+2. Unless you can shake out 2 or 3 days down in a row,a nd force the t+2'ers to stump up money or sell out at a loss??