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FTSE / DOW YTD

Hi Skinny,

CFD's through Saxo

My difficulty Skinny is that I've never been able to day-trade the large cap stocks, like RBS and LLOY. I find I cannot read the order flow and I find the trade flow confusing.

The stocks where I can read the order flow are from about 75 down in the FTSE 100 so I mostly trade stuff in market cap rank from about that down to the bottom of the FTSE 250. Whilst I can read the order flow because of the liquidity there's the additional spread plus getting volume at the right time, so the moment I place the trade I'm down.

Doesn't usually matter as my hit rate is high but when I'm on the wrong side I get stubborn as I know closing the trade is going to move the order book further against me. Something for me to work on.

Mostly I need to be better at doing nothing! and waiting for the right opportunities.

I assume your question relates to trading costs. I'm on a discounted frequent trader rate.

Thanks for the info CC - it was actually Chris who was asking and I have similar problems :-)

lol. Sorry Skinny. It seems I can't read very well as well can't be disciplined enough around my trading

Chris - I do have a S/B account with CMC but covering 10 basis points intraday plus the CMC vagueries of their book has less liquidity than the real market and if someone gets the volume before you they won't let you have it doesn't lead itself to day trading.

Ok for position trading if you want to avoid tax.

Ok CC thanks.