confused about stop loss (points away)

[Guest hoandyls]

I am very confused about the stop loss(points away). If I am buying MSFT at 129.87 with a quantity of 100 shares. why is the minimum stop loss at 1298.9 all the time?

[Caseynotes]

 

2 hours ago, hoandyls said:

I am very confused about the stop loss(points away). If I am buying MSFT at 129.87 with a quantity of 100 shares. why is the minimum stop loss at 1298.9 all the time?

Hi @hoandyls, ok, so you are looking at trying to put a guaranteed stop on one of the leveraged demo platforms, there have been reports that the demo sb and cfd platforms, and possibly prorealtime as well, have had problems since the Friday evening shutdown, these should be sorted on Monday morning.

On the live platform the min guaranteed stop is currently 1299

Edited April 28, 2019 by Caseynotes

[Caseynotes]

I was going to add some screen shots but the demo seems to have corrected itself, originally it said the min was 12989 requiring a margin of $20,110 but now says min is 1299 requiring a margin of $2,011

[Guest hoandyls]

4 hours ago, Caseynotes said:

 

Hi @hoandyls, ok, so you are looking at trying to put a guaranteed stop on one of the leveraged demo platforms, there have been reports that the demo sb and cfd platforms, and possibly prorealtime as well, have had problems since the Friday evening shutdown, these should be sorted on Monday morning.

On the live platform the min guaranteed stop is currently 1299

price of microsoft is 129.80. if i want to put a stop loss at 10%, what does it mean by 1299 points away.( if im looking at a size of 100 shares)  im just very confused about the term "points away".

[Caseynotes]

Guaranteed stops can be a long way especially on orders for market open after a weekend with the possibility of large gaps. Take another look after market open. See pic.

 

[JamesIG]

10 hours ago, hoandyls said:

price of microsoft is 129.80. if i want to put a stop loss at 10%, what does it mean by 1299 points away.( if im looking at a size of 100 shares)  im just very confused about the term "points away".

you're looking at the Microsoft share price in cents, so whilst it is $129.96 (as an example) this is 12996 points. A guaranteed stop 10% away would therefore be 1299.6 points away (which would put the stop at 11696.4, which is $116.96 in the underlying).