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Showing content with the highest reputation on 22/02/21 in all areas

  1. So in reality what will happen is that IG will catch your clients out because many will not have the funds available to meet the 100% margin required by 26th February. They will then go on margin call and be forced to close on Friday or Monday rather than having until March 29th. This is likely to force some clients to have to liquidate and accept losses on positions which might have pending newsflow which would make them come good. Whether or not this is within IGs terms or not, it is going to make IG look very bad. If there are 900 stocks there are likely to be many hundreds, if
    2 points
  2. Hi, you can find the list of affected assets here: https://www.ig.com/content/dam/publicsites/igcom/uk/210219_IGM_UK_Affected Markets - Non TT.pdf
    2 points
  3. Hello. Tell me please. I tried to buy a DVD stock but the position did not open and I received the message Market only tradeable in Stockbroking What does it mean? I have not used leverage, I have tried to buy at least 1 share.
    1 point
  4. Why can't I close my positions in cryptos? Explain me....where is the support?
    1 point
  5. I received an email this morning saying that all remaining crypto positions will be closed in one month, and margin requirements on cryptos will be increased to 100% (!) from Monday. The excuse is, inter alia, that "We have now reached our internal product limit for exposure to cryptocurrencies, and as a result will be removing cryptocurrencies from our offering to UK retail clients". What a disgrace. If the margin is 100% there would be no funding exposure for IG. I think what this all really means is that, in a product structured and sold as a bet, they are uncomfortable with los
    1 point
  6. I've already had to close a number of positions which were significantly up today, but which I expected more to come - mainly commodity related ETF's. This has hurt my trust in IG and the damage is already done as far as I'm concerned as i've now been forced to make a decision in preparation for Friday.
    1 point
  7. Hi, Fortunately got to professional status now - but yes the interest charges - (I haven't calculated precisely - are extremely high). All I can say is rather than wasting time fighting - it may be better to look elsewhere for easier trades - which I have an abundance so not a problem for me. Hope all is well with you - I also speak to many personal friends too (I seem to see that you in the past ? have been taking some trades almost personally )- but traders are not like friends and trust has to earned and then respected - but I am sure you know this too well.🤓
    1 point
  8. Hi Caseynotes, (I often read you posts) Yes I did see it about this morning or so after announcement I believe - and responded to a newbie on the subject. Personally it was inevitable (IMHO) cos the way trades have been going - it was and is a one way ticket to profits on a put/call. Certainly dipped from 59k (BTC) to 54k but I personally think it is responsible by IG - as potentially it could wipe them out (or am I being plain ignorant?). As they are only market makers HOWEVER they are making a fair chunk on the sell price buy prices AND interest per day. Still not complaining tho
    1 point
  9. You HAVE to remember our brains "might" work and see things different - I want precision, I want to be in a trade near to the high/low depending on trade or at worst within 1 bar of the high/low - your personality might not suit that style! My How To WIN thread pieces lots together- lots My recommended reading list would be in order as they enter my head: Dr Van Tharps books Mark Douglas "Trading in the Zone" John Caters "Master the Trade" Dave Landry "The Laymans guide to trading stocks" Robert Miners "High Probability Trade Strategies" Elliott
    1 point
  10. The number is back calculated to minimise the risk of going bankrupt. It should ideally be calibrated to the win/loss ratio of your strategy. Risking 5%, would allow you 20 losses in a row, before wiping you out. But after 10 losses you would barely be surviving, remember once you have lost half your capital, you need a 100% return, just to break even. Basically, you want to risk a lot less than you think you should. Once you have a track record, increase it.
    1 point
  11. THT, when is your motivational book & seminar coming out... 😜
    1 point
  12. The 1% rule is often parroted around but the people who propagate it rarely understand risk. If someone is telling you "only risk 1% per trade", I would follow up by asking why 1% and not 1.2% and not 0.7% -- their answer will demonstrate how clueless they are.
    1 point
  13. It is NOT OKAY to close the book on open positions AND increase the margin with virtually NO NOTICE. That is what is being discussed here. Clients enter into a trade with certain expectations about their cash flow and to suddenly change that is unacceptable. I have already said that. I doubt you would be so glad if the book was closed on something that caused you to have to prematurely liquidate or raise cash to keep open. I'd rather the Administrators respond to this rather than an IG forum fan boy.
    1 point
  14. Thanks for your post. You can't withdraw most of your funds before market open and when the market opens and moves against you ask IG to cover all of the losses incurred by those positions. That's taking advantage of the debt coverage brokers take on for retail clients. Reversing your withdrawal is legitimate and allowed in this situation. Any losses that weren't covered by your reversed withdrawal we will cover (to bring your account out of a negative balance and back to £0). You will be able to see how much IG covered/lost by checking your history. It will be called 'accoun
    1 point
  15. Hi, I read an IG article and signed up because it said I could invest in the Starlink pre-IPO. Does anyone else know how to do this?
    1 point
  16. Just issue senior notes or do a common offering if you need funds to buy stocks. But not allowing customers to buy the stocks they want is really weird. At least add all the stocks at 100% margin, what would be the issue with that ? But not adding them at all should not be legal. We want to have access to the same stocks as the institutions. Also if you need funds move Tesla to 100% margin as it's the most traded stock.
    1 point
  17. Retail clients demand that their broker DOES NOT take the other side of their bet, that would be an outrageous conflict of interest, you lose - they win. The other thing that retail clients demand is that the broker DOES take the other side of their bet, so then the punter will always get filled at their prefered price .
    1 point
  18. @CharlotteIG Any update since you mentioned it to the devs for me? Seems to be some demand for such a basic feature. Kind regards.
    1 point
  19. This might be related to some regulations proposed in the US on leveraged ETF's due to their complexity and use of options to provide the leverage: https://www.thestreet.com/investing/etfs/leveraged-etfs-more-regulation-10627793
    1 point
  20. Interesting one to trial on demo ...
    1 point
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