Robert Barca
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« on: 12/07/2007, 08:37:36 AM » |
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Who entered into NCM yesterday?
My order didn't go through although I check my orders before logging off CMC's platform. The person on the other end of the chat obviously didn't know what he was talking about. And ended up telling me that I am not allowed to enter the market on a stop????????????? Also that it was in there PDS.
Did anyone else have the same problem?
Has anyone had any problems with CMC lately?
How is everyones trading going?
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David Morgan
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« Reply #1 on: 12/07/2007, 11:01:50 AM » |
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Hi Rob
I got into NCM yesterday using a market order.
I haven't tried using a stop order to enter a trade but seem to remember that CMC stopped providing that method of entry for ASX share CFDs some time ago.
I have only just re-started Osprey, beginning of July, so it is too early to tell how it is going and so far no problems with CMC.
Regards
David
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Robert Barca
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« Reply #2 on: 12/07/2007, 11:38:29 AM » |
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David, thanks for the reply.
When I set an order, I set a buy stop order then a linked order for my TSL on their software platform and all is happy.
I haven't changed the way I set my orders and the platform allows me to do this.
What do you think I might be going wrong?
Or maybe I am not understanding correctly.
Thanks
Rob
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Lee Power
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« Reply #3 on: 12/07/2007, 12:50:39 PM » |
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Hello Robert,
I got onto NCM late yesterday after it broke the B/O price with a stop/buy. Interesting to note that there was heaps of volume available at the time which I could see as I trade DMA with MAN.
Had the same problem with CMC as you when I traded with them a year or so ago - one reason I moved but as has been pointed out in this forum on many occasions, when you move from CMC to a DMA provider - you encounter different margins so you need to do your research carefully if you are considering another provider.
I would suggest if you have access to live market data that over a period of a week or so you compare volumes with what prices CMC offer and the volumes they state....not always what the market says....but then they are a market maker and they are trading against you.
Hope that helps........Lee
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Dino D.
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« Reply #4 on: 13/07/2007, 08:33:32 PM » |
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I got in with a market order as well, I didnt think cmc allowed us to set stop buy orders on the asx market?
Is this how you put all your trades on in the asx market?
Dino.
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David Morgan
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« Reply #5 on: 14/07/2007, 06:24:55 AM » |
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Hi Dino
Yes, I place all my orders at market when entering a trade. After opening the trade I set the stop/sell and then adjust it at the end of the day depending on the TSL price.
Regards
David
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Dino D.
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« Reply #6 on: 14/07/2007, 08:37:24 AM » |
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Thanks David, I pretty much do the same, but I was actually refering my question to Roberts original posting?
Dino.
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Robert Barca
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« Reply #7 on: 16/07/2007, 07:21:05 AM » |
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Dino,
I have only started trading ASX stocks. I previously have been trading Sectors. And this is the first hurdle I have encountered.
Sounds like I need to read some fine print.
How long has this been going on and do we know why?
As I said before the platform allows us to create the orders so I was under the assumption that all was OK.
If this is true then the platform shouldn't allow us to create the orders.
Your thoughts?
Thanks
Rob
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Dino D.
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« Reply #8 on: 16/07/2007, 08:11:41 AM » |
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Rob, I've been trading Osprey for a little over a year & I've always had to put buy orders for ASX shares using sms alerts & then puttting my trade on CMC at the market, sectors as your know you can place your stop buy/sell orders on the CMC platform.
I dont know why we cant place these stop/buy orders for asx shares with cmc, there has been quite a few traders complain about the cmc platform and taken there money elsewhere, it's probably not the best to use but I've learnt to live with it for the time being.
Good luck!
Dino.
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Robert Barca
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« Reply #9 on: 16/07/2007, 09:57:01 AM » |
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Dino,
How has your slippage been doing it the way you are?
Have you found that most of the alerts are triggered at opening or scattered throughout the day?
Thanks
Rob
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Dino D.
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« Reply #10 on: 16/07/2007, 05:57:31 PM » |
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Rob, having a look back over all my trades my slippage is 0.19%, since I started trading V2 back in May it's the same 0.19%.
My alerts are scattered throughout the day & I put the trade on as soon as I get it, just be careful with cmc as sometimes there spread can be a little wide.
I check with Commsec or the ASX website if I can see that the spread is a little wide to make sure I'm paying what the market is paying.
Dino.
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Mike Emery
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« Reply #11 on: 28/09/2007, 01:23:35 PM » |
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Hi all,
Which alerts systems are people using for CMC trading these days?
Mike
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James Oliver
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« Reply #12 on: 28/09/2007, 09:10:08 PM » |
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Hi all,
One of the primary reasons I did not trade with CMC is that they did not offer Buy Stops and I was not in a position to place trades through the day (my work location means that SMS is sometimes unreliable and I cannot drop activities to trade).
I ended up using (and still use) Tricom which allowed stop orders, market orders, limit orders, if done and OCO orders. They had fairly competitive commissions and 10% margins on all traded stocks. You just need to watch the $10 ticket charge on trades under $10,000 but other than that I have been very happy with their service.
I have also found the platform to be very stable and user friendly.
Regards
James.
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