tag:blogger.com,1999:blog-935072059836759128.post2249618696971260614..comments2023-11-05T18:54:47.602+08:00Comments on Fusion Investor: US Intraday Trading & CapitalSenghttp://www.blogger.com/profile/08265958046623158053noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-935072059836759128.post-7014578173150781612009-01-12T13:52:00.000+08:002009-01-12T13:52:00.000+08:00Ah... ok, you might be right there then.Well, if y...Ah... ok, you might be right there then.<BR/><BR/>Well, if you want to trade more actively then, I suppose you could use certain internet brokers.<BR/><BR/>In some ways, POEMS sucks. But in this regard, it seems superior to your broker.<BR/><BR/>When I perform most transactions on POEMS, my balance available is reduced IMMEDIATELY... similiarly when I sell, my balance is increased (almost) immediately... some performance lag of a few minutes at times.<BR/><BR/>I haven't tried this for US stocks yet though, but I'm pretty certain this is more or less how it works: when I buy 100k worth of stock, my balance goes from 100k to 0, effective immediately. If I sold, and had to wait 3 days before receiving my money, I would make noise about losing 3 days worth of interest, right?<BR/><BR/>In the case 3 days before you receive your money, you should also have 3 days before you are required to pay up too!<BR/><BR/>... Malaysia is a bit weird though, in the sense that you can delay paying for 3 days, then sell on the 3rd day... so in a sense you get 3 days " interest free". (in reality, it's covered by your brokerage fees)<BR/><BR/>If you really want to trade, use CFDs... the leverage is better. Of course, you pay interest, but if you are day trading in the first place, interest should be negligible.Jasonred79https://www.blogger.com/profile/11003115192439470320noreply@blogger.comtag:blogger.com,1999:blog-935072059836759128.post-56278972208801933872009-01-09T17:30:00.000+08:002009-01-09T17:30:00.000+08:00jason, If you know otherwise, do share the name of...jason, <BR/><BR/>If you know otherwise, do share the name of your broker.<BR/><BR/>I'm told these are US regulations, and was provided with documentations which appear to suggest that it is standard.<BR/><BR/>However, in this industry, if our Malaysian experience is anything to go by, I know there is no such thing as a "standard" practice.<BR/><BR/>Exceptions are always made for those with lots of dough ...<BR/><BR/>Cheers.Senghttps://www.blogger.com/profile/08265958046623158053noreply@blogger.comtag:blogger.com,1999:blog-935072059836759128.post-84449982077404622982009-01-09T10:02:00.000+08:002009-01-09T10:02:00.000+08:00Is it possible that it merely is a case of "your b...Is it possible that it merely is a case of "your broker sucks"?<BR/><BR/>Or are they all the same?Jasonred79https://www.blogger.com/profile/11003115192439470320noreply@blogger.com