Warrants

[George]

Anyone here day-trade warrants?
Any good/bad experiences?

[sharebattler]

Attempting to day trade warrants IMO is a recipe for parting with your money, too often you only have the market maker ( issuer ) making the market for them so they obviously are going to make the spread on the warrant to their advantage. You also need to take into account who the issuer is and the time remaining on the warrant, the closer to expiry the greater is the disadvantage for you in making a profit.
I have never looked at any New Zealand warrants so am only speaking of Australian market, the best site I have come across for warrants on issue is ....... http://www.tradingroom.com.au/apps/mkt/warrants.ac

[tracker]

last time I traded warrents,the market maker got so peed off as I was making good money like 4 days in a row, he didnt change the market too much (he knew I was on to him ) but instead of making a market say 150000 either side so as you could buy a parcel, he dropped the quantity down to 15000 just not worth trying to scalp on.SLEAZE CITY
so i stopped for like 4 weeks then the sec he saw my broker on bid he did the same >?:"
I figured its hard enough making money on this unfair trading scene that we have (BY THE WAY I PERSONALLY INTEND TO DO SOMETHING ABOUT IT)
without having to deal with jerks doing their best to make it harder
just my thoughts
trade well
tracker

[tracker]

when i mean doing something I will when my life is in order (i started once before and personel committments stood in the way)
I intend to take on asic over broker ID information.
Did you know that it is illegal for a broker to even tell you who is buying and selling
watch the US market live, the crappiest stocks have all the info you need you see the market makers highlighted coming into and outta the market and it is a much more level playing feild,the only reason we dont have it here is because of some antiquated fuddy duddies deciding we the public should not be privvy to such info
REAL LEVEL huh
gets my goat up big time
just tired and letting off steam,(should see me when not tired lol
tracker

[George]

Pleased to see I'm not paranoid Tracker.
Yesterday I was scalping NCPIMX with AOT where you can have up to 6 buy and sells for one brokerage.
Had a system where I waited for the head stock to almost change from say 1298 to 1299 ask, then jumped on the warrant at 110 (109/110).
If the head stock changed I was left with a warrant at 110 and the spread now 110/111 and I had my sell ready at 110 if things stalled.
Did this a few times for two break evens and two modest profits with two trades left over, when all of a sudden the spread widened to 103-105 at 12.91-12.92 and STAYED at the 2 cent spread for the rest of the day when previously it was 1 cent.
This has happened before with BHPIWW so it's got nothing to do with lack of liquidity in the head stock but I think the issuer's systems are programmed to do this if anyone starts trading too much.
With IWW I was actually losing for the day when the spread went from 101/102 to 100/101 just after I bought at 101 so had to sell at 100 but BHP HAD NOT MOVED and I should have still had a bid of 101 to sell into.
Surely a human being can't be at the other end and manually widening spreads as they see fit but perhaps so.

[tracker]

i beleive it is automated but with imput if you are making money I find the makers dodgy at times like what you have experienced, and funny about it all being legal WHAT A CROCK
so yeah be wary BE VERY WARY
(now whos paranoid)
lol
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[tracker]

oh and buy the way when i stopped trading that warrent with my broker and bid just 50 thru another broker it was fine spread was back to normal, sec I came back with regular broker BANG there it went again, 1 big joke imo
make some money
trade well
tracker