Why am I already showing a £45 loss?

[smu11en]

I just went long on some fairly illiquid shares in the FTSE in expectation of a hike in the share price when earnings are release tomorrow am. It's showing that I have a £45 loss next to it and the share price hasn't moved. Does anyone know why that is?

[andysinclair]

15 hours ago, smu11en said:

Does anyone know why that is?

Is it not just the spread? As soon as you open a position you will see a negative PL due to the difference between the buy and sell price.

[ArvinIG]

7 hours ago, smu11en said:

I just went long on some fairly illiquid shares in the FTSE in expectation of a hike in the share price when earnings are release tomorrow am. It's showing that I have a £45 loss next to it and the share price hasn't moved. Does anyone know why that is?

Hi @smu11en,

Could you please clarify which stocks they are? We will be able to check the charts for you.

It could be due to a Corporate action.

Thank you - Arvin

[MongiIG]

On 24/11/2021 at 18:41, smu11en said:

I just went long on some fairly illiquid shares in the FTSE in expectation of a hike in the share price when earnings are release tomorrow am. It's showing that I have a £45 loss next to it and the share price hasn't moved. Does anyone know why that is?

Hi @smu11en

When trading shares on a CFD, share dealing and ISAs we charge

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-shares-cfd-product-details

https://www.ig.com/uk/investments/share-dealing/costs-fees

However, when you trade shares on a spread betting account your charge is incorporated in the spread. When opened you will instantly see a loss on your position. That loss will be the difference in the buy and sell price, multiplied by your position size. E.g. £1 per point on a stock that has pricing 100/105. Your opening loss would be (105/100) x £1 = £5 loss on the position when opened.

 

All the best - Mongi