Jump to content

Question about how profit is added to account


Recommended Posts

Hi all, complete noob to trading - I've been playing with a demo account for a few weeks, today opened a live Spread Betting account.

Dipping toes very cautiously into water as follows:

  • Deposited £250
  • Opened a position at 25p per point to short the FTSE (sell at 5942.2)
  • Closed the position (buy at 5936.9)
  • Notification stated £1.33 profit as expected
  • However funds now read £250.13, ie only 13p of profit.

How come the full £1.33 wasn't added?

 

Link to comment
16 hours ago, MrMicawber said:

Hi all, complete noob to trading - I've been playing with a demo account for a few weeks, today opened a live Spread Betting account.

Dipping toes very cautiously into water as follows:

  • Deposited £250
  • Opened a position at 25p per point to short the FTSE (sell at 5942.2)
  • Closed the position (buy at 5936.9)
  • Notification stated £1.33 profit as expected
  • However funds now read £250.13, ie only 13p of profit.

How come the full £1.33 wasn't added?

 

Thanks for your post. 

You're correct the profit on the account should be (5942.2 - 5936.9) x 0.25 giving you a profit of £1.33. 

If this is not reflecting on your account please reach out to our help desk on helpdesk.uk@ig.com so they can look into this. 

All the best 

  • Thanks 1
Link to comment
55 minutes ago, CharlotteIG said:

....

You're correct the profit on the account should be (5942.2 - 5936.9) x 0.25 giving you a profit of £1.33. 

If this is not reflecting on your account please reach out to our help desk on helpdesk.uk@ig.com so they can look into this. 

....

Thanks for this - but I think it's ok.  I did some further research, and discovered the Trading Analytics function under 'My IG'. 

This referenced the adjustment, and I now understand how Dividend Adjustments work!  I had closed the position a little after 4.30pm and hadn't understood the significance of this.

So the discrepancy was just a consequence of my ignorance.  I clearly have a lot to learn!

 

Edited by MrMicawber
  • Like 2
Link to comment

Check out the weekly dividend post (at the top of the forum), if you're short the FTSE on c^m-dividend day then you will get whopped with a fee at 16:30 in addition to the daily interest fee.  (But if you're long, you will be credited the dividend at 16:30 😇 )

Edited by dmedin
  • Thanks 2
Link to comment
2 minutes ago, dmedin said:

Check out the weekly dividend post (at the top of the forum), if you're short the FTSE on c^m-dividend day then you will get whopped with a fee at 16:30 in addition to the daily interest fee.  (But if you're long, you will be credited the dividend at 16:30 😇 )

Cheers!  Yes, I discovered that post too after a bit of searching.

  • Great! 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,585
    • Total Posts
      96,915
    • Total Members
      44,156
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    DevonDazzlr
    Joined 01/12/23 06:04
  • Posts

    • USDCHF Elliott Wave Analysis Trading Lounge Day Chart, 1 December 23   U.S.Dollar/Swiss Franc(USDCHF) Day Chart USDCHF Elliott Wave Technical Analysis Function:   Trend Mode: impulsive   Structure: blue wave 1 Position:  Black wave 3 Direction Next Higher Degrees: Blue wave 1(may started) Details:  red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60  .Now blue wave 1 of 3 is in play .  Wave Cancel invalid level: 0.85548 The "USDCHF Elliott Wave Analysis Trading Lounge Day Chart" for 1 December 23, provides a detailed examination of the U.S. Dollar/Swiss Franc (USDCHF) currency pair within a daily timeframe, utilizing Elliott Wave principles for technical analysis. The analysis identifies the primary "Function" as "Trend," indicating a focus on discerning and comprehending the prevailing trend in the market. This suggests an emphasis on understanding the directional movements that could guide traders in their decision-making. The specified "Mode" is "impulsive," suggesting that the market is currently displaying characteristics of an impulsive wave. Impulsive waves are indicative of strong, directional movements in the market, signifying a potential trend in progress. The main "Structure" under scrutiny is "blue wave 1," implying that the analysis centers on the initial wave within a larger Elliott Wave structure. This indicates an attempt to capture the early stages of what could be a significant market movement. The designated "Position" is "Black wave 3," signifying the broader-degree wave within the Elliott Wave structure. This indicates that the analysis is conducted with a broader perspective, considering the potential third wave within a larger degree of trend. The directional guidance for "Next Higher Degrees" is "Blue wave 1 (may have started)," suggesting an anticipation of the initiation of a potential larger-degree trend. This aligns with the impulsive mode, indicating a strong move in the upward direction. Regarding "Details," the analysis notes that "red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60." This provides traders with a specific range of Fibonacci retracement levels within which the completion of the previous corrective wave is expected. The "Wave Cancel invalid level" is set at 0.85548, serving as a crucial reference point for potential invalidation of the current wave count. This level acts as a guide for traders, indicating potential trend reversals or confirmations. In conclusion, the USDCHF Elliott Wave Analysis on the daily chart suggests the potential commencement of an impulsive wave (blue wave 1) after the completion of a corrective phase. Traders are provided with insights into specific Fibonacci levels and a key reference point for potential trend reversals or confirmations in the broader trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
    • USDCHF Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 1 December 23   U.S.Dollar/Swiss Franc(USDCHF) 4 Hour Chart USDCHF Elliott Wave Technical Analysis Function:   Trend Mode: impulsive   Structure: blue wave 1 Position:  Black wave 3 Direction Next Higher Degrees: Blue wave 1(may started) Details:  red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60  .Now blue wave 1 of 3 is in play .  Wave Cancel invalid level: 0.85548 The "USDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart" dated 1 December 23, delves into the intricacies of the U.S. Dollar/Swiss Franc (USDCHF) currency pair within a four-hour timeframe. The analysis employs Elliott Wave principles to decipher the market's structure and potential future movements. The identified "Function" of this analysis is "Trend," indicating a focus on determining and understanding the prevailing trend in the market. This suggests that the primary objective is to identify directional movements that could guide traders in making informed decisions. The specified "Mode" is "impulsive," suggesting that the market is currently exhibiting characteristics of an impulsive wave. Impulsive waves are typically associated with strong directional movements in the market, indicating a potential trend in progress. The primary "Structure" under examination is "blue wave 1," implying that the focus is on the initial wave within a larger Elliott Wave structure. In this context, the analysis aims to capture the early stages of what could be a significant market movement. The designated "Position" is "Black wave 3," signifying the broader-degree wave within the Elliott Wave structure. This suggests that the analysis is conducted with a broader perspective, considering the potential third wave within a larger degree of trend. The directional guidance for "Next Higher Degrees" is "Blue wave 1 (may have started)," indicating the anticipation of the commencement of a potential larger-degree trend. This aligns with the impulsive mode, suggesting a strong move in the upward direction. Regarding "Details," the analysis notes that "red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60." This provides traders with a specific range of Fibonacci retracement levels within which the completion of the previous corrective wave is expected. The "Wave Cancel invalid level" is set at 0.85548, serving as a crucial reference point for potential invalidation of the current wave count. Traders can use this level as a guide for confirmation or reversal signals. In conclusion, the USDCHF Elliott Wave Analysis on the 4-hour chart suggests the potential beginning of an impulsive wave (blue wave 1) after the completion of a corrective phase. Traders are provided with insights into specific Fibonacci levels and a key reference point for potential trend reversals or confirmations. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
    • Elliott Wave Analysis TradingLounge Daily Chart, 1 December 23, Polkadot / U.S. dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 1 Direction Next higher Degrees: wave (1) of Impulse Wave Cancel invalid level: Details: Wave 1 may have ended and prices are entering. Correction in Wave 2 Polkadot / U.S. dollar(DOTUSD)Trading Strategy: The rise in wave (1) appears to have ended at the 5.876 level and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3). Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!         Elliott Wave Analysis TradingLounge 4H Chart, 1 December 23, Polkadot / U.S. dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 1 Direction Next higher Degrees: wave (1) of Impulse Wave Cancel invalid level: Details: Wave 1 may have ended and prices are entering. Correction in Wave 2 Polkadot / U.S. dollar(DOTUSD)Trading Strategy: The rise in wave (1) appears to have ended and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3). Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.    
×
×
  • Create New...
us