Jump to content

Do I need to close a trade to take profits in share dealing or can I take profits and let the trade continue?


Recommended Posts

On 13/01/2021 at 17:17, veer said:

Please help 

Hey, 

With share dealing you have to sell your shares if you want to crystalize your profit. 

It's the same with leveraged but people will move their stops closer to the market price meaning that once the market moved out of their favor and hits their stop they're still taking a profit. 

What you can do if say you were holding Tesla stock. You bought at 400 and the price moved to 435 you can put in a stop order to sell at 420 so if the market dropped to 420 or less we would sell your stock. However, you must be aware that with this order type you're giving us instructions to sell at a price or 420 or less. That means if there are orders in the market at 415 we can sell your stock there. 

I hope this helps, 

All the best

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      14,387
    • Total Posts
      70,968
    • Total Members
      59,478
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    colbry
    Joined 04/03/21 18:39
  • Posts

    • I think most professional traders have that methodology and mindset its what sets us apart from the rest I don't look at the VIX, as with cycles for you, the VIX isn't of interest to me, done perfectly well without the need for it so far and that won't change going forward  
    • Ultimately what ever happens regarding " cycles" will be of no help to me . I am my own trader    Re volatility , its my niche , My models pick up most swings high and low .  My methods are recactive not so much predictive .   Its doesnt matter where it goes as long as it goes  .  1 year predictions are just a little fun with no weight in my profitability . Most years are up so just on that you should be bullish year on year and you will be right more times than not  .  I dont care if i am right or wrong . I left my ego behind a while back  .  Vix hasnt been around long enough to have a handle on its efficacy but i have done studies on realised volatility back multi decades and i put some credence in my conclusion  , but once again it will have zero influence on my returns unlike most  . We know there are no absolutes in this game , just probabilities and possibilities , define the former and manage the latter and it takes care of itself   ..  rock on   Wise words 
    • Can anyone help me understand why i am not seeing any market depth data for some shares? For example, the pic below is what i see for SThree plc (STEM) in my share dealing / isa account. I am seeing market depth for other shares, so it is just a case that there is no market in this share? I find this a bit strange given that it is listed on the main market. Is it some sort of bug in the trading platform?
×
×
  • Create New...