Jump to content

What is a stop distance point?

Recommended Posts

Apple inc share buy price is currently $194.1400.

The deal ticket iPhone screen has a stop distance +- spinner. If I enter “2” in there does it represent $2 (e.g. stop loss at $192.1400) or something else?

 

 

Share this post


Link to post
3 hours ago, Mark8787 said:

Apple inc share buy price is currently $194.1400.

The deal ticket iPhone screen has a stop distance +- spinner. If I enter “2” in there does it represent $2 (e.g. stop loss at $192.1400) or something else?

 

 

Hi @Mark8787, the stop distance should be in points which in IG speak is the same as a pip (FX) or a tick (Indices).

See this info page on the deal/order ticket.

https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2019/01/21/how-to-read-currency-pairs.html?QPID=30472&CHID=9

Share this post


Link to post
Posted (edited)

Thanks. So in that example I would set the stop distance to 20,000 to be a $2 distance, or at $192.1400, correct?

Edited by Mark8787

Share this post


Link to post
Posted (edited)
44 minutes ago, Mark8787 said:

Thanks. So in that example I would set the stop distance to 20,000 to be a $2 distance, or at $192.1400, correct?

@Mark8787,  yes but no 🙂, you don't use the last 2 zeros, not sure which platform you are on but if it's the spread bet and the price is 194.1400 and you want a price stop 2.0000 away at 192.1400 then you need to put 200 points in the stop loss box,  see pic below.

image.png.79069a7cf389955e2dda9460e75f2d28.png

Edited by Caseynotes

Share this post


Link to post
Posted (edited)

I'm using the iPad app. So I guess according to what you say it means cents in the case of Apple stock. E.g. 200 cents = $2?

004DC3C5-A594-4622-8B29-6887A02CAC50.jpeg

Edited by Mark8787

Share this post


Link to post
Posted (edited)

Yes it looks like it is cents. Thanks for your help.

244A40E8-D97E-4C3B-86FD-4EBF78F4DF93.jpeg

Edited by Mark8787
  • Like 1

Share this post


Link to post

Look at that margin requirement compared to my pic and what we have to put up as a result of the regulator intervention 😳

Share this post


Link to post

People can just ignore the image I entered above. I tried to delete it but couldn't on my iPad.

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
      7,851
    • Total Posts
      41,382
    • Total Members
      51,698
    Newest Member
    Blueprint
    Joined 07/12/19 17:37
  • Posts

    • There is an interesting development in the price action for Copper as the chart below shows: Soybean is also looking interesting at the same time. Soybean Oil has been on a good run. I shall end this chart feast with Soybean Meal!  
    • told you he was good 🙂
    • Podcast interviewing Chris Weston, (previously of IG Australia). I haven't heard the whole thing yet but Chris is always worth a listen. I'm hoping he will talk about using implied volatility as described in the video of his posted in the Technical Analysis thread. https://futuresradioshow.com/podcast/286/
×
×