Jump to content

Can anybody explain this?

Recommended Posts

I'm a newbie to this and I cannot get my head around why three of my positions closed last night after the market had closed..

I held three short positions on SA40 and was running a loss.

The price didn't move below 46824 before the market closed at 10pm (UK time) yet all three positions closed at their set limits at 10:27pm (UK time).

There are no indications that the market dropped after closing so it's a bit of a mystery to me. What am I missing? Is this linked to dividends being paid out after trading hours?

 

  • 04/01/19 22:27
    South Africa 40MAR-19
    -0.50
    46650
    46540
    £55.00
  • 04/01/19 22:27
    South Africa 40MAR-19
    -1
    46329
    46285
    £44.00
  • 04/01/19 22:27
    South Africa 40MAR-19
    -1
    46549
    46400
    £149.00

Share this post


Link to post

Did all three close at exactly the same time?

If so it seems a bit odd with different price?

 

sf.png

  • Like 1

Share this post


Link to post

The IG market closed at 22:00 and the Friday IG total shutdown would have occurred around 22:27 so must suspect some kind of shutdown glitch. Was this on a demo account? Sometimes demo is affected by glitches that are not seen on live accounts. 

  • Like 1

Share this post


Link to post

Given it’s the weekend I’d leave it until tomorrow and if it hasn’t been amended or corrected give them a call. They’ll be in.

  • Thanks 1

Share this post


Link to post
3 hours ago, Kodiak said:

Did all three close at exactly the same time?

If so it seems a bit odd with different price?

 

sf.png

It would appear so, although I didn't see the trades close in real time, just the results as posted above.

Share this post


Link to post
2 hours ago, Caseynotes said:

The IG market closed at 22:00 and the Friday IG total shutdown would have occurred around 22:27 so must suspect some kind of shutdown glitch. Was this on a demo account? Sometimes demo is affected by glitches that are not seen on live accounts. 

Thanks for this @Caseynotes. 

It is a demo account. Have you ever experienced such glitches on live accounts and if so, are they simple enough to rectify? I'm playing around with the platform but things like this make me nervous to deposit real funds.

Share this post


Link to post

No problem @Novice108, glitches on the live platform are very rare and tend to be expensive for the broker. A broker's demo platform is actually a test bed for their technicians to use to develop and test updates for their live platform so occasionally glitches on the demo do crop up.

  • Like 1

Share this post


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
You are posting as a guest. If you have an account, please sign in.
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.


  • Member Statistics

    • Total Topics
      7,284
    • Total Posts
      36,246
    • Total Members
      46,208
    Newest Member
    Bucephalus
    Joined 25/08/19 00:57
  • Posts

    • Hi all,   I was wondering - for afterhours and weekend trading, when the indices are closed, what're the price movements actually based on? For example, I discovered that there's weekend trading for the DJI just a while ago. Without having known this, I'd just have looked at the open on Monday and saw this it had gapped down (as expected).  Under the hood, what's causing these changes in prices? I was under the (presumably wrong) impression that when the market is closed, no trading can take place and hence there wouldn't be changes in price. The same would apply for stocks where after hours trading is allowed (e.g. Netflix, Visa where it says "all sessions"). Thanks so much in advance and best of luck to everyone this week ahead!   Best, Garafont
    • UK Central Bank Chief Sees Digital Currency Displacing US Dollar as Global Reserve https://www.coindesk.com/bank-of-england-governor-calls-for-digital-currency-replacement-to-the-dollar This is an interesting article. Countries around the world are seriously questioning the USD's position as the world's reserve currency. It may not be Bitcoin or any Cryptocurrency first that replaces the USD but if there is any digital currency which replaces the USD then it will certainly be an interesting stepping stone towards the path of such a possibility in the years to come. I am talking of in the next twenty years or so. I do not expect anything imminently or even in the next five to ten years. 
    • This is a very interesting article and worth a read if you are interested in 'Crypto' from an investment perspective. Crypto Funds Are Outperforming – You Shouldn’t Be Surprised https://www.coindesk.com/crypto-funds-are-outperforming-you-shouldnt-be-surprised  
×
×