I have recently become very discouraged having tried to find a way to day trade the ASX. For a while I was looking to trade the Bund, but the late afternoon open time didn't work well with my family life. I investigated the ASX and have found it's very expensive to trade the equities, and the spread between bid/ask on the options is too large.
By my calculations, if I traded CBA with 0.08% commission, I would need to make 12 cents just to break even :bang head:
Is this correct? Is there a way to day trade ASX with palatable risk/reward? Should I just start my own bucket shop instead?
Next step will have to be asian futures I guess.