Jump to content
  • 0

Overnight rolls


Guest Paddyobiwan

Question

Guest Paddyobiwan

Hi does anyone know the charges for overnight shorts in Dow Jones - I had 20 short position and was charged 200 quid - seemed steep ? Also, if I square at 1 minute to close and re instate 1 min after close of Dow , I’m guessing I don’t get charged roll ?

Link to comment

4 answers to this question

Recommended Posts

  • 0

image.png.6526812eaa931f1aac10d4a45243b15a.png

image.png.76268ffab4342bad9eba7e0cf4d49e60.png

so Dow is using the USD rate and USD uses 360 instead of 365 in the calc so the IG rate (commission and libor) is 5.02% for a long trade and -0.02% for a short.

so to give the the full calc for the cost of the long trade in the example above is; (£6.69 overnight charge for a £2/point bet.)  see calc below

 

image.png.42c0c6fc4bf5cbf48c1869879e4d66e5.png

 

And for the £2/point short in the example; -£0.03 overnight charge (credit) see calc below;

image.png.3215582f2bff25b374e824abb550b266.png

So for your own calc you will need to use your £/point and update the closing price, the commission is set and the libor rate is currently fairly stable.

  

  • Thanks 1
Link to comment
  • 0

@andysinclair, unfortunately the snippets of information are somewhat scattered so it is difficult to bring it all together and the IG Wall street example in the post above was in a recent update to changes for the Libor used.

USD denominated markets now use the USD 1 month Libor rate rather than GBP 1 month Libor and also calculate the year as 360 rather than the 365 used in GBP denominated markets. 

Easy to see why it all gets confusing.

 

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
      21,262
    • Total Posts
      90,871
    • Total Members
      41,377
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    FaridKazemiDemo
    Joined 06/02/23 04:08
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 6 February 23, AAVE /U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Wave III of Motive Wave Cancel invalid Level: 50.173 AAVE /U.S.dollar(AAVEUSD)Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliottwave structure is in a correction of wave (2) as a short-term decline before the price rises. again AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish TradingLounge Analyst: Kittiampon Somboonsod Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 6 February 23, AAVE /U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Wave III of Motive Wave Cancel invalid Level: 50.173 AAVE /U.S.dollar(AAVEUSD) Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliottwave structure is in a correction of wave (2) as a short-term decline before the price rises. again. AAVE /U.S.dollar(AAVEUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators below Zero-Line Bearish momentum.
    • SP500 | NASDAQ | Russell 2000 | Dow Jones: Elliott Wave Technical Analysis Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES Summary Bullish Impulse wave structure moving higher Elliott Wave (iv) of iii) of 3 of (3) of 1) Strategies Holding long Video Chapters 00:00 S&P500  11:33 NASDAQ 100 (NDX) 12:26 Russell 2000 (RUT) 13:23 Dow Jones (DJI) 19:16 TRIAL Buy 1 Month Get 3 Months Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • Q: How can I experience the Fairy Cat metaverse? A: Debuting in January 2023, Fairy Cat is one of the most popular crypto metaverse games. While earlier games (World of Warcraft, League of Legends, Destiny 2) either precede blockchain technology or have not integrated it into their games at all, more recent metaverse iterations - such as FairyCat - integrate metaverse games and blockchain platforms. These so-called "crypto metaverse" games use blockchain technology to achieve encrypted in-game cash, play-to-earn (P2E) and non-fungible tokens (NFT), decentralization and other functionality to bring extraordinary benefits to metaverse games. relevant impact. You don't need to be a crypto expert to play this innovative game, although a little crypto knowledge is helpful to take advantage of all the functionality of FairyCat. Start exploring Fairy Cat: 1. Go to the Fairy Cat website to learn more about the game's currency models, then download the Metamask wallet. 2. Start earning money by opening the game in the Metamask wallet browser. At this point, the game will connect to your wallet account. Don't worry that this game will steal your wallet balance, because it doesn't need your account authorization data, it just needs your wallet data. 3. Once you are in Fairy Cat, you can go through a money transfer tutorial to learn the basic controls. Then you can earn money in the following three methods: Method 1: Adopt a cat to help you find treasures, and you can make profit after selling the treasures. Method 2: Synthesize an LV1 elf cat through 5 elves, and then sell the LV1 elf cat to earn money. This can be understood simply as using 5U to earn 10U (50% probability), and you can buy items to increase the synthesis rate. Method 3: Invite your friends to play the game. After your friends earn money, you can also get commission income. The income is very high.
×
×
  • Create New...