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UK stocks don’t seem to add up.

Guest ChrisDrain


Guest ChrisDrain

I am trying to understand why my positions in UK stocks don’t seem to make sense. For example I have a position in a UK stock of size 140 opened at price 505.7. It has gone up to 515 or 1.8%. Which should show a profit of $1274, however in my trading account I see a profit of $13. I have three other positions in uk stocks that behave the same way. Can someone please explain why this is??

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Guest DanielaIG

Hi @ChrisDrain, as @cryptotrader has mentioned, uk shares are traded in pence rather than pounds. Therefore you bought the share at £5.057 and if you had closed out at £5.15, it would have realised a gain of 9 pence per share, which amounts to a profit of £13 for 140 shares.


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Guest ChrisDrain

Ah I knew it was something simple(and stupid on my behalf). I have increased position sizes by a factor of 100 to account for the pound/pence difference. Would have been nice to lock in the gains I thought I had though!. Thanks guys.

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