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  2. Apologies @JamesIG, but Ripple has just overtaken Ethereum by market cap and is now the second largest Cryptocurrency after Bitcoin. Therefore the title of the thread could also be: Ripple Overtakes Ethereum to Become the Second Largest Cryptocurrency After Bitcoin The article below highlights this nicely: Ripple Passes Ethereum to Claim Number Two Ranking on CoinMarketCap https://cointelegraph.com/news/ripple-passes-ethereum-to-claim-number-two-ranking-on-coinmarketcap
  3. TrendFollower

    Taking profits too early?

    @Mitchell2012 and @Caseynotes, @Caseynotes is right. It all depends on your trading style and minds perspective. Someone trading using a trend following strategy would allow their winners to run and not sell too early. Now one does not have a crystal ball so how does one know not to sell too early? Well identifying if the there is a trend reversal. Well if you had an asset making making a lower low followed by a lower high, or a lower high followed by another move lower. @rimmy2000, is right in that one should know their exit price before they enter. However with trend following when in profit one would initiate a trailing stop loss. Even a normal stop loss that you manually amend should be sufficient if you are watching the price action. The stop loss will ensure should you identify a possible trend reversal and then you exit.
  4. Today
  5. rimmy2000

    Taking profits too early?

    eg this on TED has allowed me to specify my target. Its pretty simple but allows me to evaluate the trade.
  6. rimmy2000

    Taking profits too early?

    Hi @Mitchell2012 A lot of good practice suggests you should have this figure (target or profit taking point) in mind before initiating a trade. This is because theory suggests a trade should be driven by risk:reward, and you only know this if a) you know when to get out and b) the realistic target you are aiming for. And the target will depend on how you are applying a valuation to the trade. For example, in this article https://community.ig.com/forums/topic/4690-renold-rno-50-upside/?tab=comments#comment-4690 I looked at what I felt are the intrinsic value of the share, entered on a technical trigger and closed profits at about 40% gain. Of course the gain did not have to be taken, the stop could be moved-up in line with the gain and therefore run the profit. On other threads I have tried to value the shares using a variety of methods: previous takeover target prices (WMH) perceived imbalance of valuation compared to peers (TWTR) If you trade the large and mid caps then a very simple method is to set your valuation based upon perhaps the PE of the index and applying that across to your choice of stock. Another method I commonly use is PE mean reversion: trying to find a value based on the historic trading value of the stock. I have done this with TED, finding a valuation based on previous multiple and combining this with latest broker forecasts.. and I note by the way the stock is up 7-8% today. I think the reversal is underway (an aside point) So really it can be a horses for courses, and a multitude of factors, but the sane point is that you should have a basis for the trade and this would be based upon potential profit (eg target price) and perceived risk (how much you are willing to stake/lose on the trade. See if you can apply these principles to your trades. quick post as in france. Regards
  7. jasonlal

    New: Knock-outs

    So they bring a product in which helps traders who do not want to put thousands in an account to trade. Then take it away. Well done IG, taking my trading elsewhere now.
  8. Tancredi

    New: Knock-outs

    I guess that's also why they haven't been able to address the suggestions I've made here. To do so would mean their being forced to address in public what they hoped might remain tacit. But I really don't think IG's customers' want that approach. I think they want either evidence of a robust rejection of the grounds given by the ESMA for their changes or, simply, a statement acknowledging the difficulty they now face in democratising trading. PS here's the content of the email I received on 20/9/18: "We have made some changes to our new knock-out product. On all new knock-out trades, the knock-out level you select will have to be further away from the current market price than was previously the case. "We apologise for any inconvenience caused. "
  9. Caseynotes

    New: Knock-outs

    @LeoTrader, would you mind reproducing the main part of the email here (blocking out any personal detail). I definitely haven't received anything from IG about it. Cheers.
  10. Mitchell2012

    Taking profits too early?

    @CaseynotesI have previously looked at using targets, so looking for the price to move into zones, price has broken through resistance, looking at the price history so what happened when the price previously broke this zone and looking for the high to be my target. Unfortunately psychology gets the better of me and I take a profit too early, then on paper I have been right in my thoughts. My next trade I may take a loss, unfortunately that loss is equal to previous gain meaning at 0 profit.....doh! I don't currently network with other traders, which if there is one thing I have heard over and over again, if you want to be a successful trader you need to network with other traders...so here I am. I am not looking to be perfect, buy at the bottom and sell at the top, but what I do need to do better is make sure I am taking full advantage of the direction the market is moving in.
  11. LeoTrader

    New: Knock-outs

    I think so, @Caseynotes. The change is that the minimum 'knock-out level' is much further away; the distance from entry (in percentage) now matching the margin requirement of a spread bet for the given instrument.
  12. Caseynotes

    New: Knock-outs

    Thank's @LeoTrader, I've not had that email yet. That may be what's happened to @jasonlal's attempt to trade them today.
  13. Caseynotes

    Taking profits too early?

    @Mitchell2012, that narrows it down, maybe @TrendFollower & @rimmy2000 can help out. When to get out is just as important as when to get in as your web search indicates, do you look to a target or rather rely on a stop to get you out? The trend followers tend to prefer staying in for as long as possible and using some kind of trailing stop which means losing a bit of profit at the end but capturing as much of the move as possible. This is an interesting short video on using stops. (don't worry about the 'sorry' sign, just click the blue 'watch on vimeo' tab).
  14. LeoTrader

    New: Knock-outs

    Re yesterday's email about the changes to knock-outs, with them now requiring the same margin as a standard spread bet, there's very little reason to trade them. They're now inferior to a standard spread bet (no customiseable/closer stop, market orders only, higher minimum position sizes). I assume IG's hands are tied and have been forced to make these changes to adhere to ESMA regulations. Such a shame. R.I.P. knock-outs.
  15. Mitchell2012

    Taking profits too early?

    Afternoon @Caseynotes, thanks for your reply. So I am spread betting the UK stock market generally look at markets within the FTSE 100 and 250. I use the daily time frame candlestick charts. I tend to use trend lines, support and resistance to analyse my charting. If I think I can see an entry on the daily chart I will usually then go down to a smaller time frame to get a better idea of what I think is happening and look for entry if I feel I need to. When you search the web the taking profit side of things is as big as the analysis and entry, I guess that's what separates you from the successful traders and those struggling to find success. I wanted to get an idea maybe of what other traders are doing.
  16. I have a share certificate which I would like to trade and use the IG.com platform. How do I do this? Many thanks. StalyVegasRED
  17. fredirico

    knockout Maximum Risk Price

    KO margins have been increased supposedly to remain inline with ESMA regulations, so margin requirements are now almost 4 fold of previous requirements. more like moving goal posts again.
  18. Caseynotes

    knockout Maximum Risk Price

    Made a very strong bullish open today but has been flying about all over the place ever since and unable to make up it's mind, as seen in the 5 min chart below. Look out for the US open at 2:30, the Dow may give it direction.
  19. Caseynotes

    Taking profits too early?

    Hi @Mitchell2012, that's a pretty big question and if you were looking for answers that you could use for your own trading it would help if you narrowed it down a bit. For example the type of asset/market, the chart time frame, the trade duration estimation, the risk/reward you were seeking. An intra-day trader is going to give a very different answer to that of someone more interested in investments.
  20. jasonlal

    knockout Maximum Risk Price

    Thanks @Caseynotes Typical when I was about to enter into a bearish position lol
  21. Caseynotes

    knockout Maximum Risk Price

    Hi @jasonlal, it maybe because the Dax has been particularly volatile today compared with the last several weeks.
  22. I've been using the Knockout products at ether 1 or 2 pound a point. They have normally been priced between £60 - £270. Any reason why on the DAX today, just to put £1 per point in a bearish position is costing nearly £600?
  23. Afternoon, I am new to the forum and looking for some advice on profit taking. What are other traders looking for to say, 'that's where I am taking my profit!'
  24. Hi @vend33, I'm not sure which account you have opened and so the pics below may differ but on most account types if you go to 'My IG' dashboard you should find several blue 'add an account' buttons. Then select ISA, then ISA account type.
  25. Although I've received confirmatory emails regarding my account and login details, the website hung when I tried to continue and select an ISA platform. Nothing on the dashboard page seems to offer to make the next move. Am I missing something?
  26. @JamesIG, is it possible to amend the title of this thread to something like: Ripple - Price Action
  27. I have posted a link (below) to an article which I found very positive towards Ripple. Of course one must take with a pinch of salt such articles but it does make some very interesting points on why Ripple may succeed. The price action is telling a story for those who like or wish to read such stories! Why Ripple is said to be the next Bitcoin https://thenextweb.com/contributors/2018/09/21/why-ripple-is-said-to-be-the-next-bitcoin/
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