I'm seriously thinking about day-trading for a living again. So much so I've been playing with some real money on and off over the last couple of weeks. It's been about 10 years since I last did this for a living and things have changed a bit.
So...
Will I find any help/company in the Trader's room?
Are you all using CMC for this? (I only day-trade equities not indices) because I see their 10 basis points is based on LSE prices not the sum of all the exchanges. I note on top of the spread they also have some skew from time to time which is fairly annoying. I could go direct access but the minimum effective bet size would annoy me as there's something nice about being able to open or close in small amounts. (Imagine - I kind of like that price but I might do better, I'm not really sure but I really should do something so I'll just close 20% of my position and see what happens).
Thanks Skinny. Not much point in subscribing to the trader's room then.
As for the FTSE spike it was extremely odd. Sudden volume went through on a number of FTSE100 stocks but not all of those I was watching. Whoever placed the order just ripped straight through the order book. Fat finger? Some algo reading the news?