Jump to content
  • 0

Demo Account - position closed at a non existing price?


jaz000

Question

I'm only using a demo account (spread bet), but I just had a position closed at a price that doesn't exist.

Short position closed with, Time=13:01 Tesla Motors Inc (All Sessions) Buy £0.50 per point @ 21532
buy price peaked at time=11:18am @ 21517 and has been lower ever since (position was opened after this anyway)
 
Can anyone explain why this happened?
 
I would have to understand this if I was to put real money into this account!
Link to comment

2 answers to this question

Recommended Posts

  • 0
18 minutes ago, jaz000 said:

I'm only using a demo account (spread bet), but I just had a position closed at a price that doesn't exist.

Short position closed with, Time=13:01 Tesla Motors Inc (All Sessions) Buy £0.50 per point @ 21532
buy price peaked at time=11:18am @ 21517 and has been lower ever since (position was opened after this anyway)
 
Can anyone explain why this happened?
 
I would have to understand this if I was to put real money into this account!

Dear @jaz000,

Thank you for your post! I hope you're having a great week. Just wanted to let you know that sometimes, due to market conditions, it's possible for a trade to not close at the exact level you requested, which can result in slippage. For more information on slippage, please check out our help and support page: Slippage

Thanks,

KoketsoIG

Please rate us on Trustpilot: IG Trustpilot 

Link to comment
  • 0

Take a look at this chart (1 min interval).
The vertical line is the time the short position was opened and the horizontal line is the stop value set and the exact price it executed at 17 mins later.

Is that "slippage"? Why did it even trigger?

chart.png

history.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart Dogecoin/ U.S. dollar(DOGEUSD) Function: Counter trend Mode: Corrective Structure: Double Corrective Position: Wave Y Direction Next higher Degrees: wave (II) of Impulse Wave Cancel invalid Level: Details: Wave (II) may not be complete, price is likely to be below 0.076 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: This is a 5 wave retracement of wave (C), where we are in the final stages of wave Y, which is likely to test the 0.076 level, so the overall picture is a short term retracement before another rally. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Dogecoin/ U.S. dollar(DOGEUSD) 4hr Chart Function: Counter trend Mode: Corrective Structure: Double Corrective Position: Wave Y Direction Next higher Degrees: wave (II) of Impulse Wave Cancel invalid Level: Details: Wave (II) may not be complete, price is likely to be below 0.076 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: This is a 5 wave retracement of wave (C), where we are in the final stages of wave Y, which is likely to test the 0.076 level, so the overall picture is a short term retracement before another rally. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
    • SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Stock market Elliott Wave technical analysis and trading strategies: Elliott Wave Analysis NASDAQ Tech Stocks:  Elliott Wave (ii) of  iii) upwards for SP500 and NASDAQ 100. Stocks have a variety of counts but remain bullish except TSLA, MSFT and GOOGL. Trading Strategy is holding long with our current trades in stocks and indices Financial Events Oct. 14, is Columbus Day, a federal holiday. Stock and bond markets typically follow the federal holiday schedule, but the New York Stock Exchange and Nasdaq will operate normal hours Monday. Video Chapters 00:00 NASDAQ 100 (NDX). SP500 (SPX). 14:55 Apple (AAPL) 16:06 Amazon (AMZN) 18:45 NVIDIA (NVDA) 21:08 Meta Platforms (META) 23:15 Netflix (NFLX)  24:51 Alphabet (GOOGL) 25:26 Microsoft MSFT 27:32 Tesla (TSLA) 30:37 Bitcoin 35:36 End Analyst Peter Mathers TradingLounge™  Source: tradinglounge.com   
    • I have participate in poolx on many occasion one thing that make me love the feature is the ability to unstake anytime and is a zero risk opportunity to earn free tokens. 
×
×
  • Create New...
us