July 16, 2010
Day Trading investment tool for ASX?
By Planet Wealth
I was just wondering if anyone knew an investment program that has updates every 5 or so seconds, because the ones i’ve found are normally daily, monthly, etc. I know such programs exist for other stock exchanges, but I haven’t found one for ASX…
Additional notes: Preferably a free tool too 
although it doesn’t have to be
don’t tell me that it’s stupid. if you do it right, it’s not. Timothy Sykes grew his ,415 gift money into .65 million from 1999-2002. Hedge Funds will do it too.
I’m not an idiot; I do know that day trading is risky and pgoulet20 your answer was OT
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2 Responses to “Day Trading investment tool for ASX?”
Comments
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July 16th, 2010 at 3:10 pm
There’s not enough liquidity on the ASX to do what you’re considering. I know. I’ve been trading the ASX for over 10 years. I’ve already tried what you’re considering.
Today alone I made nearly $2000 and that’s just a typical day for me. I diversify the best ASX 200 stocks on margin to leverage returns and let the trends do the rest. My profit projection is $1.2m over 2-3 years.
Timothy Skyes made his fortune from penny stocks. The reality is most people who go down that path lose (been there, done that). He also small sells penny stocks. Something no margin lender or ASX derivative provider to my knowledge offers.
If you’re really insist on doing what you say you want to do the ASX 20 might be okay (BHP, Rio tinto, major 4 banks etc)
Some CFD dealers like CMC Markets offer real time charts with intervals as small as 1 minute as part of their service.
There’s a trading expo in Melbourne and Sydney in October: http://www.tradingandinvestingexpo.com.au/
You could question people there if you have no luck on the Internet.
July 16th, 2010 at 3:10 pm
Day trading is stupid and perilous
don’t do it
look into value investing