What is a stop distance point?

[Guest Mark8787]

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?

 

 

[Caseynotes]

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

[Guest Mark8787]

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 June 18, 2019 by Mark8787

[Caseynotes]

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.

Edited June 18, 2019 by Caseynotes

[Guest Mark8787]

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?

Edited June 18, 2019 by Mark8787

[Guest Mark8787]

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

Edited June 18, 2019 by Mark8787

[Caseynotes]

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

[Guest Mark8787]

I see.

Edited June 18, 2019 by Mark8787

[Guest Mark8787]

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

[Guest Anita]

So what does ‘margin required’ mean in the above example?