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Help me understand why this resulted in a loss? Spread Betting with Limit & Stop - BUY Position increased in value but still made a loss?
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MarcusClifford,
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10/06/21 10:53
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The crypto market appears to be showing signs of recovery, with significant improvements in the Sharpe Ratios of Bitcoin, BGB, and Ethereum, according to an article published on Friday. The Sharpe Ratio, a measure used to understand the return of an investment compared to its risk, has seen a notable increase for both cryptocurrencies. Bitcoin's Sharpe Ratio has risen from -2.4 to 0.68, while Ethereum and BGB have also experienced a similar uptrend. This change signifies higher returns at lower risk, which is expected to attract more investors to the crypto market. In addition to the improved Sharpe Ratios, increased network activity and trading volume as shown on CEXs like Bitget, Binance, and a few DEXs are suggesting a healthier market state. The current trading prices of Bitcoin, reflect this overall positive market sentiment. As of Friday, Bitcoin was trading at $27,069.73, BGB at $0.454 and Ethereum at $1,677.89. These developments are significant as they indicate reduced risk in the crypto market. The increase in the Sharpe Ratios for Bitcoin, BGB, and Ethereum suggests that these cryptocurrencies are becoming less risky investments, which could potentially lead to an influx of new investors into the market. Could this rise in Sharpe Ratios coupled with increased network activity and trading volume point towards a recovering and less risky crypto market? -
Hi, That's great, thank you very much. Very helpful! Many thanks. -
By tradinglounge · Posted
Texas Instruments Inc., Elliott Wave Technical Analysis Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, 29 September 23 TXN Stock Market Analysis: We have been moving lower as expected from the previous forecast. Looking for continuation lower as there is an incomplete bullish sequence. Looking for extension lower in wave {iii}. Downside target stands below wave (W). TXN Elliott Wave Count: Wave {iii} of C. TXN Technical Indicators: Below al averages. TXN Trading Strategy: Looking for shorts on the way down. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Texas Instruments Inc., TXN: 4-hour Chart, 29 September 23 Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: As we are getting an overlapping structure in what could be a wave {iii} there is a high chance we will see an acceleration lower to then see a series of fours and fives. TXN Elliott Wave count: Wave (iii) of {iii}. TXN Technical Indicators: 20EMA as resistance. TXN Trading Strategy: Looking for shorts on the way down.
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Question
MarcusClifford
Hi, I'm after some guidance as to why a spread bet position and close resulted in a loss for me.
I placed a BUY order for NIO at £1 per point at a price of 4551 I set a Stop at 4497.9 and a Limit at 4617.25 at time 20:11 UK Time
The price of NIO increased, as can be seen in the graph - this is good I thought - indeed the positions showed a profit.
The price increased and hit the value I specified in the Limit and the system automatically closed my position - that is good and what I wanted. This happened at 21:02
My problem is this then says that it closed at 4497.9 at 21:02 when the price was actually 4617 which was the value I set as my Stop Loss position even though the price was now 4617 - as can be seen on the graph.
I assume I have misunderstood something, but I don't get why the close price was the stop value rather than the Limit value when the price hit the limit and I should have made a profit (as it was a BUY and the price went up).
Can someone explain what I got wrong here?
I've attached a picture showing what I think is the relevant information.
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