Hi, I'm relatively new to day trading and just have a few questions that maybe you could help me with. I use IB with just a LSE feed, as well as Barclays Stockbrokers for news/alerts & level 2 screen. Would it be better to get a feed for NYSE or other US indices? I know there are various advantages like:
no stamp duty
more liquid
more volatile
more stocks to chose from
genrally smaller spread
The only thing is, the data feed is more expensive...(cancelled out by no stamp duty) and I know nothing about anything other than the LSE. I use Barclays Stockbrokers to give me alerts and as a research tool that tells me top movers/heatmaps etc...BUT only for LSE. I would need the equivalent for the US Indices too.
I'm finding with some of the smaller AIM listed companies I'm willing to lose £60 and work out my stop, however, because of the poor spread on many LSE stocks that stop loss has already been exceeded before any price movement! I know I should use DMA & find more liquid stock, but there aren't that many on LSE, other than big banks that aren't doing too well!
Also, why do people/interfaces always use a set number of shares, eg. 20 shares? Surely it depends on the share price & how much £ people want to invest at a time? I invest ~£2000 per trade so set default to that, is this wrong?
Hope someone can help!
no stamp duty
more liquid
more volatile
more stocks to chose from
genrally smaller spread
The only thing is, the data feed is more expensive...(cancelled out by no stamp duty) and I know nothing about anything other than the LSE. I use Barclays Stockbrokers to give me alerts and as a research tool that tells me top movers/heatmaps etc...BUT only for LSE. I would need the equivalent for the US Indices too.
I'm finding with some of the smaller AIM listed companies I'm willing to lose £60 and work out my stop, however, because of the poor spread on many LSE stocks that stop loss has already been exceeded before any price movement! I know I should use DMA & find more liquid stock, but there aren't that many on LSE, other than big banks that aren't doing too well!
Also, why do people/interfaces always use a set number of shares, eg. 20 shares? Surely it depends on the share price & how much £ people want to invest at a time? I invest ~£2000 per trade so set default to that, is this wrong?
Hope someone can help!
