Jump to content

Adding stops and limits to share dealing accounts


Guest Dave

Recommended Posts

Hi

A newbie here on IG wanting to know why I'm unable to put a stock market stop GTC on a particular share and a limit GTC on a profit amount?

Both are sell issues but I'm not able to implement the limit order sell as it states I have already a sell order (stop) in place.

 

Seems ridiculous I'm unable to put 2 sell orders in place to protect my account and also to protect my profit as there is no trailing stop offered by IG and I do not want to be stuck to my phone every hour of the day to either stop myself out of a trade or take profits.

 

Any help with this clarification would be appreciated.

Link to post
  • JamesIG changed the title to Adding stops and limits to share dealing accounts

Checked this today in my own account and it doesn't work.  The old-style chart doesn't work this way.

I thought I'd try and recreate your problem using the orders in the normal way and it is as you say.  The message given after setting a stop when trying to do a limit is that I was trying to sell more shares than I own - implying the shares are sort of locked as soon as there is an order in existence pertaining to them.

This doesn't bother me because I don't use these on my share holdings.  If it's a concern to you I'd recommend contacting IG in the appropriate "wish-list" type thread, and asking for some sort of "one cancels other" enhancement to the orders system.  Unless @JamesIG or another expert knows of one I've not found...?

Link to post
  • 3 weeks later...

I agree Trading without placing Limit Stops is ridiculous AND EXTREMELY DANGEROUS IG PLEASE TAKE NOTE

This is discouraged or prevented in Spread Betting shares.

The only reason I can see is IG are protecting there own interest ahead of the Client, they could be left holding your unwanted shares !!

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      15,169
    • Total Posts
      73,252
    • Total Members
      61,593
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    jasonleppan
    Joined 12/05/21 18:17
  • Posts

    • I don't think it would be a problem trading during the weekend. You can trade whenever you want.  I learned how to do it on the cryptoinformator website. The highest income is brought by bitcoin. When looking at the value of the current 55,000 dollars, of course, everyone is thinking about investing in it. Forecasts vary, and many believe that by the end of 2021, they would have surpassed 100,000 dollars. The growth is projected to be based on the fact that real-world payment flow stock markets are still burdened by the current pandemic but is also based on the increasing acceptance of BTC as legal tender ( PayPal is bringing this option, and bitcoin is also coming to Wall Street soon).
    • I played around with it (created two plots of the smallest viable K-32 size). While I'm farming this tiny amount now I've stopped plotting until pooling is introduced - since existing plots aren't going to be compatible with pooling. The cost of wearing out SSDs is high. You're effectively buying (via SSD wear) lottery tickets (the plots) with a chance of winning a lottery (by farming). Without pooling its unlikely small players will win. The "estimated time to win" is based on current network space that will probably rise at a very quick rate reducing your chance of winning exponentially.  Unless you're farming petabytes, using the rule of large numbers to take out the lottery element, its not worth the time of smaller farmers imho. It may be worthwhile when they introduce pooling.
    • Yeah, you can trade whenever you want. 
×
×
  • Create New...