Jump to content

My Orders for QQQ3 ETF (trading on LSE) keeps getting rejected


Guest sid-shanker

Recommended Posts

Guest sid-shanker

Hi

 

I am a beginner with the ig trading platform, and was trying to place an order in QQQ3 ETF in the demo account. But I keep getting the message with "Order Rejected". There does not seem be an issue with the demo margin. Also I have tried placing orders with a limit, as well as a stop loss. But orders still getting rejected. Even if I try an OrderSize of 1, or a round lot size of 10/20?

 

Any help would be greatly appreciated. As the platform is not even giving a reason for the OrderRejection.

 

Thanks

Siddharth

snapshot_reject.png

Link to comment
15 minutes ago, sid-shanker said:

Any help would be greatly appreciated. As the platform is not even giving a reason for the OrderRejection

Hi, you have the Deal ticket up which is a 'at market' order but the market is closed, if you switch to the Order ticket next to it should be fine. see pic below.

image.png.b4595d5760af4ac0dffd7eb44f6ec4eb.png

Link to comment
Guest sid-shanker

Thanks for your input Caseynotes. But QQQ3 is listed on the LSE so is open right now. The price and quotes are updating regularly.

I tried placing an Order as well, but it still gets rejected.

The executive on the phone mentioned that due to falling liquidity of the contract, they have stopped allowing to open positions in this contract. Is there any other 3x leveraged ETF of QQQ allowed still to be traded by a retail UK investor, listed with IG.?

reject_again.png

Link to comment
3 minutes ago, sid-shanker said:

The executive on the phone mentioned that due to falling liquidity of the contract, they have stopped allowing to open positions in this contract. Is there any other 3x leveraged ETF of QQQ allowed still to be traded by a retail UK investor, listed with IG.?

ok, I did put an order on just to check before I posted and it was accepted but just now trying again it's not.

these came up in the search for QQQ though the boost pair were 'for closing only'.

see below.

image.png.e3eb83eee7175296b2228bfc63c7ac44.png

 

Link to comment
Guest sid-shanker

Actually there is no requirement to be a professional trader for taking positions in Leveraged ETFs. A retail trader can take a position in any financial instrument which has a KID (Key information document). The leveraged ETFs issued by Boost have the KID's available. So a retail UK trader can take a position in them. 

Although some other leveraged ETFs, issued by firms in US and elsewhere, like TQQQ (by ProShares), dont have a KID, and can't be traded by retail traders.

Edited by sid-shanker
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
      20,765
    • Total Posts
      89,756
    • Total Members
      40,666
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    leeyoung
    Joined 07/12/22 04:10
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 7 December 2022, Bitcoin / U.S.Dollar (BTCUSD) BTCUSDElliott Wave Technical Analysis Function:Follow trend Mode:Motive Structure:Impulse Position: Wave ((3)) Direction Next higher Degrees: wave I of Motive Details: Rise an uptrend in wave 3, Wave 3 is usually 1.618 or 2.618 x the length of wave 1 Wave Cancel invalid level:15479 Bitcoin / U.S.Dollar (BTCUSD) Trading Strategy: Bitcoin price remains under heavy sellpressure below the MA200 MA50 indicating a strong downtrend. The wave oscillator isbelow the zero line with decreasing momentum. but still The price tends to bottom as thestructure of the 5th wave. has already ended at the level of 15479, therefore it is likely toreverse again. And the price is expected to trade above 21437, but not below 15479.Overall, we still need to trade cautiously as there is still periodic selling pressure. Bitcoin / U.S.Dollar (BTCUSD) Technical Indicators: The price is below the MA200 MA50,indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearishmomentum TradingLounge Analyst: Kittiampon Somboonsod Source : Tradinglounge.com get trial here!     Elliott Wave Analysis TradingLounge 4H Chart, 7 December 2022, Bitcoin / U.S.Dollar (BTCUSD) BTCUSDElliott Wave Technical Analysis Function:Follow trend Mode:Motive Structure:Impulse Position: Wave 1 Direction Next higher Degrees: Wave 1 of Motive Details: Sub-wave 1 of wave 3 and Once complete, the price will drop again in wave 2. Wave Cancel invalid level:16017 Bitcoin / U.S.Dollar (BTCUSD) Trading Strategy: Bitcoin price remains under heavy sellpressure below the MA200 indicating a strong downtrend. The wave oscillator is below thezero line with decreasing momentum. but still The price tends to bottom as the structure ofthe 5th wave. has already ended at the level of 15479, therefore it is likely to reverse again.And the price is expected to trade above 21437, but not below 15479. Overall, we still needto trade cautiously as there is still periodic selling pressure. Bitcoin / U.S.Dollar (BTCUSD) Technical Indicators: The price is below the MA200,indicating a downtrend. The Wave oscillator has a Bearish divergence Price reversal.
    • 06 December 2022 Spot Gold The price of gold did extend its move higher reaching our 1805 resistance target before finding resistance and once again starting to retrace. The moving averages suggest keeping a long bias to trades on the commodity. We are waiting for the current pullback to end with a bullish candle stick pattern before looking to find long entry once again. This is provided that the pullback does not extend past (close below) the 1735 support level. In this scenario, 1805 provides the initial upside resistance target, a break of which would further target the 1875 level.   Brent Crude Oil The price of brent crude oil could not break resistance at 8770 and has instead retraced back to support between levels 8220 and 8080. It appears time now for the commodity price to either break or bounce off the 8080-support level. A close below this level would consider a downside breakout and target a move to 7630. A bullish candle stick reversal (before a downside break occurs) would instead target a move back to 8770, while a close below the reversal low could be used as a stop loss indication in this scenario.         Our weekly technical report is compiled by in-house senior market analyst, Shaun Murison.
    • There was some exceptional volatility last week and the hints of tentative trend developments – most notably a breakdown of the Dollar and attempted rally for US indices. Yet, those moves have abated to start the new week with data and technical levels playing a bigger role in market conviction.        
×
×
  • Create New...