Jump to content

Provident financial PLC (PFG) position with normal stop today


Guest L270211

Recommended Posts

Guest L270211

 

Hi everyone.

 

It it is my first time here. Spare with me if I have posted on the wrong board.

 

I have opened PFG short position a while a few days ago with normal stop at 611p but today when sp changed on the way up. The system closed the position well above my stop, at 760p and beyond margin call. This has left with big minus (debt) on my CFD account.

1) Normal stop does not work alway?

2) Normally, How long IG gives its customer to clear the debt?

 

Thank you for your input in advance.

 

 

Link to comment

Hi - I have had a look at Provident Financial, and although I can't explicitly discuss your trade (as this is an open forum), I can see that the stock jumped 20% overnight and as you were short this was obviously a market movement against your open position. 

 

A stop order is an instruction to send your order to market to get the best possible fill, and therefore the level you select can't be guaranteed. You can read more about stop orders here: https://www.ig.com/uk/glossary-trading-terms/stop-order-definition

 

If you would like a third party resource you can check out here: https://www.investopedia.com/terms/s/stoporder.asp

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Recently, U.S. Senator Bill Hagerty from Tennessee spoke at the Bitcoin conference, stating his efforts to push for Bitcoin-supportive legislation to promote freedom and opportunity. This year, cryptocurrency has become a key battleground in the election campaigns. It remains to be seen whether future policies on cryptocurrency will improve.
    • The digital landscape is undergoing a profound transformation as attention, once a freely given commodity, is increasingly recognized as a valuable asset. Layer3 is at the forefront of this revolution, pioneering a new economy where attention can be owned, traded, and monetized   This innovative approach empowers individuals to monetize their engagement, providing unprecedented control over personal data. Simultaneously, advertisers benefit from transparent metrics that optimize campaign performance. Content creators are presented with diverse revenue avenues beyond traditional advertising, while the overall ecosystem experiences a more equitable distribution of value.   The implications of Layer3 extend across various sectors. Social media platforms, for instance, can leverage this technology to revolutionize user engagement and monetization strategies. Tokenomics play a crucial role in driving Layer3's economy, incentivizing participation and rewarding value creation. While challenges such as data privacy and market volatility exist, the potential benefits of Layer3 are immense   Anticipation is building as its native token $L3 is on Bitget Pre-market as users await its listing on the exchange. This milestone is expected to significantly increase the token's visibility and accessibility, potentially driving substantial growth and attracting new investors. As the countdown begins, the crypto community watches with keen interest, eager to see how Layer3 will perform in this new chapter.
    • I've been exploring the world of play-to-earn gaming recently, looking for something that's not just about endless grinding but actually offers a fun and rewarding experience. OGC really stood out to me because it combines gaming with a sense of community in a unique way. OGC isn't just a game; it's a platform where you can play, earn, and even help shape its future. You're not just a player; you're part of a community with a voice. The idea of earning crypto while playing games is exciting, but what makes OGC special is its focus on community involvement. Your feedback can directly influence the development of the game, which is a big deal. I've also heard that the OGC token is available for pre-market trading on Bitget. While I'm still getting to know the platform and its features, it's definitely something to keep an eye on. Has anyone else tried OGC? What has your experience been like? I'd love to hear your thoughts and any tips you might have.
×
×
  • Create New...
us