SB , CFD or share dealing for day trading - Factoring Costs

[DavyJones]

Hi all, 

I have mainly use SB for day trading however analyzing all past trades I notice that the main reason for losses is due to the wide spreads on SB. My direction is more often than not correct. However unless the market (equities) is strongly trending I need a decent move in the price to compensate for the bid-ask spread. What inevitable happens is that intraday trades based on a 5min and 30min chart end up lasting all day and I have to close out end market close. 

Naturally stop levels, choice of liquid stocks  need to be addressed but one some trades it seems like if I just bought the shares it would have been a better option. 

The main issue is that I can't short sell shares (in real time)

Anyone done any analysis  on this?

Perhaps better to stick to FX, commodities?

[dmedin]

'Day trading' (fannying about on minute charts) on stocks via SB/CFD is a no-go as far as I'm concerned.

 

Edited July 12, 2020 by dmedin

[DavyJones]

5 hours ago, dmedin said:

'Day trading' (fannying about on minute charts) on stocks via SB/CFD is a no-go as far as I'm concerned.

 

too risky to leave overnight (unless you use guaranteed stops), but you can't short sel using share dealing so you're back to CFD / SB