Jump to content

IG has shown it's true colours and is restricting BUYING of AMC and GME


Recommended Posts

1 hour ago, combi said:

Spread betting is designed for short period?,

This is a huge lie,, I was buying and selling AMC since 2014,, then I decided not to sell just hold.,

However there are contracted positions, some until May, some until September and so on.,

My positions are contracted as DFB, deffo not short period.,

Frustration?, Not really.,

This is not about to be frustrated because something is not going as I wish.,

This is about IG forcing us to close our positions before the contracted date.,

And here, They forcing me/ us into financial loss.,

I am willing to leave my positions open until last dealing date and if until then share price doesnt move up, Ok, my fault.,

Well yeah of course it is. Because you incur the financing costs on a DFB so you’re leaking about 3% per annum on the notional value straight away. And it encourages you to use leverage on a stock with high volatility.. it’s capable of going up ten fold or falling 90%. That sort of drawdown wipes you out if you’re using leverage. Plus as well you have counter party risks which you don’t have when you own the physical asset, something which you seem to be refusing to acknowledge even exist.

 

Why not just buy the stock and forget about it if it’s a long term hold and avoid all these issues. Spread betting is for taking a punt on short term direction 

Link to post
  • Replies 181
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Yet they allow you to SELL and close out your positions. What will that do to the overall market price of AMC and GME? Well obviously if we can only sell the the price will go down down, allowing thes

It's pretty obvious who they are looking out for and it's not their customers. Time to shop around.

Would love to hear from IG on this. If it's a clearing house issue why not restrict BOTH BUYING AND SELLING, wait for the clearing house to catch up, tap credit whatever needs to be done. But only all

Posted Images

Wasn't in AMC or Gamestop but got the message on my account, that IG were manipulating market to sells only, was truly disgusted, under the guise of market volatility! Yeah right they have coped with Financial Crash, surprise US elections, Brexit results etc. 

My suspicion would be someone very important at IG, so board member had an interest with a hedge fund that was short.  

Would like IG at the very least to advise if any board members were short or had any financial connection to hedge funds that did. 

IG silence is deafening were not idiots and know when we are being sold BS! No ones buying their original statement. 

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
      15,135
    • Total Posts
      73,154
    • Total Members
      61,473
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    TomPea
    Joined 07/05/21 15:20
  • Posts

    • Yeah i'm talking about trading.  I think what i'm trying to figure out is how i'd fair in a crash given you don't really know its happened until its happened.  I suspect i would lose money initially but then should be able to turn it around, assuming the market recovers of course.  There are also whole years where markets go into reverse trends and again i guess i could trade those but its easier to see that's what's happening once it been and gone, at the time you might always be looking for the market to turn upwards and it keeps trending downwards.
    • The answer depends a lot on your personal circumstances, time horizons, whether you're trading for fun / extra cash or to make a living etc. If you're a long-term investor and have confidence in the quality of your holdings, then a bear market (defined as a 20% drop from the highs) is usually a great opportunity to top-up (personally I would do this by drip-feeding into the market slowly as it's impossible to be sure when a bottom has been reached). If you're a trader then market crashes and the associated volatility usually throw up lots of good trading opportunities but easy to get burnt if you don't know what you're doing. I always think of crashes / bear markets in this way...as scary as they can be, they're actually (eventually!) the beginning of the next bull market, as the Covid crash of March 20 proved to be most recently - best buying opportunity in many years. As you're relatively new to trading I would highly recommend reading 'The Disciplined Trader' by Mark Douglas. Expensive to buy usually, but well worth every penny. Hope this is all of some help to you.
    • Hi all, do you have any advice about what to do when a market crashes? I would assume a major crash was like what we saw last year when coronavirus broke. I only started looking into trading just after that happened so have not experienced one yet. Although was involved in the recovery which was a baptism of fire..I guess the question is, do you know when you're in a crash scenario? Of course the news might give clues but you don't know how far the market will fall so are you inevitably going to lose money at least in the short term? This especially if you're a long trader. I assume you don't just carry on trading as you normally would. Thanks for the advice.
×
×
  • Create New...