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IG Late execution Of Stop and limit orders: What Chance do we have as retail traders!
Asked by
Laser,
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10/06/21 10:53
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Trade statistics of the 'Triangle 8th' system as of 12/03/2023 Gain: 102.00% Profit: 781.52 USD Funds: 1,400.18 USD Balance: 1,781.52 USD Beginning deposit: 1,000.00 USD Withdrawals: 0.00 USD Top-ups: 0.00 USD
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Name of stock - Vox Royalty Name of Stock Exchange - NASDAQ Leverage or Share dealing - Leverage Ticker - VOXR Country of the stock - Usa Market Cap - 100M
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By Captainsaudi · Posted
It is a best practice to buy dip and sell high but this strategy mostly doesn’t go as planned because you can’t predict the final bottom. Some traders BTD anticipating a potential pullback which mostly doesn’t happen and this force some into panic selling. DYOR is mostly advisable but some people fail to know which analysis they should focus more on. When deciding to hold a token for a long-term FA is very important and its cardinal point should be thoroughly scrutinized before making such a decision. These points include; Whitepaper, Road map, and Usecase. These points have a huge impact on deciding how long to hold a project and also booast your confidence in the project's bullish potential. The first principle in this industry is “invest what you can afford to lose" though many neglect this principle as such when a project is going through a price correction they panic sell and sell at a huge lost. Most normal regret their decision later when they see the project back on track. Once you adhere to the first principle you hardly fall victim to panic sales. Note that it is mostly not advisable to hold meme tokens una less you are convinced because meme goes with the hype and finds it hard to retest its ATH once the hype is over. Anyway what are your trading strategy and principles you adhere to most?
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Question
Laser
Morning All,
I have been using this platform for over a year now but this is my 1st post. So hello..
Apologies for the rant but here goes: Call me cynical but why is it that there is great difficulty for IG to execute orders on the platform at 8:00 am when there are good profits to be had but orders are executed immediately when not.
Just wondering if anyone else had issues with late executions on orders, in particular on trades where there are good opportunities for the little Guy with orders also being restricted to telephone orders only at 8:00 am and online orders restricted? See below:-
I placed a short Limit Order this morning on Astra Zeneca and Buy Stop Order on Deutche telecom, all were accepted before 8:00am :- see below. These weren't executed until 08:05 am and 08:02 respectively, however NOT at the agreed price but far later which in turn caused me firstly to lose my profits and secondly to get Stopped out as a result. Where I feel some what aggrieved is that as retail traders we seem to have to lose out on the missed profits not because of any fault of our own but still have to accept the losses after poor or slow execution. I'm happy to take losses all day as a result of my own decisions but this seems a bit hard to swallow. As I said, what chance do we have against the institutions when this happens. Somebody made a lot of money this morning and it wasn't me.
Now I know why they say 66% of retail traders lose money! See Trail below Time stamp on RH side.
Any thoughts? Cheers.
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