Jump to content

Is Crude

Recommended Posts

Hello all, 

 

I’m in need of some advice, my ig account has been severely decimated, without even me being let know. 
Is this normal, even legal? 
Still holding some crude oil and cannot figure this overnight funding calculation bit. 
one position of 21purchased at 1623.4. 
 

Please  advise! 

 

C4C536CE-36CB-456F-8C0E-7CD6DE85305D.png

Share this post


Link to post

excellent advice above....I guess at least you diversified! Panic not....I have lost lots more and traded it back...

Cut losses, dust your self down, do not trade when you are angry/emotional you will only find disaster.  Learn what it is you did wrong....dis associate yourself from your trading account to your personal one...they must be separate....do not take your losses home with you in to your personal life.....

Er...the darkest hour is before dawn! Take a breath....feel your pain...hang on in there....

 

 

 

  • Like 1

Share this post


Link to post

One last thing....trade, trade ,trade....do not enter a position and hope the price will go in your direction...thats gambling....analyse, most of all let the trend be your friend...corny i know...but it works..... 

Share this post


Link to post

Man with respect your crazy, 1 its your responsibility to watch your trades, sometimes you get alerts, but not always,

2 why on earth go long on oil when everything so mad, AML, read their own press alerts things tight , no insult intended ive had good and bad days ,Know this markets are crooked , there are patterns and there are manipulating traders, TRENDS very important,you really need to learn that some news stories misleading and sometimes when press deadlines looming reports are guesswork to hit deadlines and can not be relied on ,dont just read reports on here cross ref with Benzinga, Marketwatch, you will see conflicting stories, now is not good time to trade if your not seasoned. use demo account ,i would reccomend do at least 50 trades using research ,get a feel for ,it using news watch how volatile,your trades can be closed without notificationand why suh large amounts ,so many trdes if your not keping an eye out,good luck but take a step back for now,i am no expert but those trades strike me as awful.i have done about 65 trades on demo as market so wild with 91% success ,but not trading real$ at moment getting the feel before getting back in, good luck.

  • Like 1
  • Thanks 1

Share this post


Link to post

OIL  £1623.4   Purchase price    minus £1237.2  Current price  =  loss of  Per Barrel  £386.2  x 21Barrels   = - £8110.20 is Correct  

Just incase ,figs can be confusing if novice £386.2 would be three pounds 86.2p

Hope this helps , remember each point is a pip so effectivley you lost 386.2 x 21 = 8110.20

Share this post


Link to post
Guest John

Create a trading plan ASAP and follow it on every single trade! No more trading until you have one. Outline entry, exit, position sizing/risk management etc.

USE A STOP LOSS ON EVERY TRADE, NOT A MENTAL ONE, SET IT UPON ENTRY OF NEW TRADE

The hardest part of trading is discipline/patients - trading psychology - sticking to your plan

 All trading plans will fail with out discipline and patients....I've been there done that :)

 

Share this post


Link to post

Bluebird, great contribution....

22 hours ago, bluebird4211 said:

Man with respect your crazy, 1 its your responsibility to watch your trades, sometimes you get alerts, but not always,

However its hardly going to help...is it?

 

Share this post


Link to post

Yes if you keep eye on them you can get out limit the loss , your reply is like driving a car at a wall and not hitting the brake.

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
      11,921
    • Total Posts
      60,340
    • Total Members
      80,306
    Newest Member
    DonCan
    Joined 10/08/20 11:30
  • Posts

    • Integrate v.11 of PRT with IG. Why are IG still using PRT v.10.3, when v11. which contains many significant improvements, was released over a year ago?
    • 1 last post - couldn't help myself!!! Simple 1 x 1 Gann Angles projected from the high/low price points - I'll admit that this is ultra advanced trading stuff here, the message here is two-fold The markets regardless of what you think or have been told are NOT random, they HAVE no choice but to work out a pre-set course according to their growth or decay Gann Angles are far far better at identifying support/resistance levels - BECAUSE the market or specifically price action is NOT 2D, we can clearly see price conforms to a grid system movement - that ain't 2Dimensional! You could blindly trade those gann angles if you have the right level of expertise and knowledge of them - look at the blue circles - price rallied then fell back to them and bounced pretty accurately, they won't all work and the highest swing high is under threat at which you can't project further levels from Again here's the secret of success - you could of skewed the R value into your favour by having a 20/25pt stop underneath, trailed a stop and made fantastic R value returns Gann said over 100 years ago "Markets are financial points of force and that EVERY low/high is connected to another low/high point of force in the FUTURE, as well as in the past" As you can clearly SEE - he was absolutely right - very few people look at the markets right, when you do you see things completely differently to most other traders/investors There's some real science behind markets moves - I might do a post in future months as understanding what is actually going on helps you see through the fog and makes things a bit clearer  I'll admit I've studied Gann for years and it is not easy, it is very hard to grasp - he hides hidden messages in his course that can throw you off for months and when you to apply his methods some just do not work
    • Indeed🤓
×
×