Jump to content

Unlongable? You mean only HODL, absolutely no trading allowed.


Recommended Posts

Can't long, only short and that's 90% of the time.

I may as well buy the real thing and HODL because that's all this broker can do right now.

Can't swing trade because you never know when you can long again

Can't do anything intra-day because you never know when you can long

IG = HODL only.

Also can't short when very volatile because I don't know.

 

Can we get like a net position limit per customer? James, you probably have 60% + of your bitcoin positions being long term HODLers who don't care about overnight interest rates. That isn't trading, they can head to local bitcoins with an envelope of cash under the table.

Link to comment

i entirely agree. the inability to buy back has become an inhibition against selling when it would otherwise be the right thing to do. short term trading is now impossible on IG all of whose crypto markets have been unlongable today. having actually sold ETH at the top of the market ( a rare success) I have had to sit and watch it crawl back up with no chance of going long and no idea when a buy will be permitted. i think it is time to look elsewhere.

Link to comment

I absolutely sympathize. I sold my bitcoins at what I thought was a daily high and was right. Later I realised I was actually wrong because now I couldn't buy back and have missed on later gains.

 

Unfortunately their competition is unacceptable too. IG is still better than *****oro and premium500

Link to comment

There was opportunity today to buy ETH as price was dropping around lunchtime.

 

I was waiting for that moment for people to sell off at $1200- had been discussing in a different thread. As price dropped it allows long biased traders to add to their positions. There will be plenty of opportunities to go long and short yet but yes you do need to keep checking the market info tab for when you can get in.

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
  • General Statistics

    • Total Topics
      20,143
    • Total Posts
      88,263
    • Total Members
      69,127
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    NBB
    Joined 06/10/22 20:50
  • Posts

    • US Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. Elliott Wave  SP500 US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Market News: The nonfarm payrolls on Friday, but more importantly would be the CPI on the 13th Oct as the Feds are firmly focused on Inflation. Stock Market Summary Elliott Wave Count: Tracking two different Elliott Wave counts. Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: The risk reward is not there, so no trading strategy Video Chapters 00:00 SP500 09:06 Apple (AAPL) 12:58 NVIDIA (NVDA) 14:12 Amazon (AMZN) 16:07 Meta Platforms (META) 18;20 Netflix (NFLX)  19:12 Enphase (ENPH) 21:34 Tesla (TSLA) 28:09 Alphabet (GOOGL)  29:09 Microsoft (MSFT) 30:03 Berkshire Hathaway (BRK.B) 31:56 Block Inc. (SQ)  34:01 Banks JPM, GS 37:58 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com      
    • Why is this stock unavailable to open for non-Pro clients? Surely a fund is less risky than an individual stock.
    • Hi @Kgrp74 Thank you for reaching out.  HMRC rules don't allow you to hold foreign currency in an ISA, but you can still buy international shares. The gains on currency conversions are only seen and credited in the account once you sell the shares if the currency rate is favorable to you. We also have to consider the 0.5% spread added to the exchange rate and commission charges which would normally offset your profits.  Thanks, OfentseIG
×
×
  • Create New...