ASX by Day Traders
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To construct the ASX 20 Index, all ASX companies are ranked by market capitalisation, excluding exchange-traded funds (ETFs) and listed investment companies (LICs). The largest 20 shares that meet the minimum volume and investment benchmarks are eligible for inclusion in the index.
Potential for capital gains: By definition, growth shares have substantial potential for capital appreciation. For example, a biotech company working on a new disease treatment could be considered a growth stock because there is potential for huge profits and capital gains if the treatment receives regulatory approval.
Exposure to emerging trends: Change in societal trends can be hugely impactful for growth stocks. For example, COVID-19 accelerated the adoption of online shopping, boosting the share prices of companies like Amazon.com, Inc during the pandemic.
Exchange-traded funds, or ETFs, can provide a quick and inexpensive way to diversify your portfolio. ETFs are pooled investment vehicles where a fund manager raises money from many investors and then uses that cash to invest in a portfolio of assets.
Traders interested in short-term gains have various derivatives available to them for stock market trading. CFDs, for example, offer clients to speculate on the prices of securities without owning the underlying asset. A CFD is a contract between a broker and a trader to exchange the difference in value of an underlying asset between the beginning and the end of the contract.
A CFD is a leveraged financial product. This means that CFDs traders use margin accounts and need to put down only a fraction of the total capital required to open a leveraged position. The rest of the capital is lent to traders by their brokerage company.
A single share represents a single unit of ownership in a company. When you buy shares in one of these companies — even a very small number of shares — you then own a small part of that business.
You need to use a third party, called a ‘broker’, to conduct the actual transaction of buying or selling shares.
ASX does not use circuit breakers like those employed by some other international exchanges. ASIC applies a common set of market integrity rules (MIRs) for all securities and futures markets in Australia that all local market operators and their participants are required to adhere to. These rules include specifications about the use of Anomalous Order Thresholds (AOTs), rather than circuit breakers.
ASX has established rules that are consistent with the operating rules and regulatory obligations. As a result, ASX only allows trade cancellations or will enforce cancellations, as set out in ASX and ASX 24 Rules and Procedures 3200 – 3210.
ASX also enforces order limits for certain products set out in ASX Rule and Procedure 3260. ASX will impose a Regulatory Halt Session State on certain products under the conditions set out in ASX Procedures 3210 and 3260.
Whether day trading is a good idea or not depends on individual circumstances, risk tolerance, financial goals, and trading skills. Day trading can offer potential opportunities for profits, but it also carries significant risks. It's crucial to thoroughly understand the risks involved, invest time in learning and practicing, and make informed decisions based on your personal situation. Seeking guidance from financial professionals can also be beneficial in determining if day trading aligns with your investment objectives.