Yes I know that, what I am trying to say is that I was told by forumites not to hold these positions over night, but to buy and sell in the same day. This works but I find if I traded for example TOPDWX with the trend for a few day's I make more profit. Does that make sense.
Mic, day-trading warrants is not a great idea unless you are trying to leverage a sharp move, like an expected bounce. If you can, hold onto a profitable warrant as long as possible. It's critical to let winning trades run. On my most recent trades (unprofitable btw) I was stopped out after 4-5 days. Some people trade lower-geared warrants with very low time-decay and hold onto them for ages. You can also ask the issuer to trade you into another one of their issues on the same underlying if the time-decay starts to pick up but you want to stay in the trade and don't want to cross the spread twice. If you've caught a smooth trending stock you can stay in a geared trade for months this way.
Not realy Mic - It boils down to costs. You pay a minimum fee of R70 up to R10 000 and 0,7% thereafter on your "normal shares account". Warrant trades is a flat rate of R50 per trade no matter how big or small the amount. If you enter and exit the same day, it is still 2 trades and if the amount is less that R10 000, you save R40.
Get your head out of the smoke stack and think it through for yourself , on any day the market is sentiment and mood driven, but a trend ( which you can see, smell, taste, and trade happens over a period of time.)