I completed my first CFD day trade for a profit of $1. Moving stops is not as fast as on Interactive Brokers as you need to click a confirm button after changing the price and the current stop price takes a little while to load. In any case extreme scalp daytrades aren't possible as the broker protects their bid-ask spread. It also would be nice if the current stop price was displayed alongside each open position rather than having to go to an "active orders" window to see them... So this is going to result in more considered day trades. Which maybe is a good thing :)
On the plus side City Index's charts reload nice and fast after changing the candle period. It's easy to flip between different time frames.
Currently the All Ords is oversold and would otherwise be on a model "buy". I was long overnight anyway. Europe was pretty much flat overnight and Japan and US futures are currently up. So going long seems a pretty good bet.
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