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Tancredi

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Tancredi last won the day on August 27 2018

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About Tancredi

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  1. Good luck! What I'm interested in is the detailed reasons for why IG will find this impossible. That may remove at least some of the opacity from this instrument.
  2. I guess that's also why they haven't been able to address the suggestions I've made here. To do so would mean their being forced to address in public what they hoped might remain tacit. But I really don't think IG's customers' want that approach. I think they want either evidence of a robust rejection of the grounds given by the ESMA for their changes or, simply, a statement acknowledging the difficulty they now face in democratising trading. PS here's the content of the email I received on 20/9/18: "We have made some changes to our new knock-out product. On all new knock-out trades, the knock-out level you select will have to be further away from the current market price than was previously the case. "We apologise for any inconvenience caused. "
  3. I'm hoping that someone will see the merit of what I'm suggesting so that it can figure in the process.
  4. To save unnecessary confusion I think it would be simpler for the user to have one ticket with either a "show more" option (forgive play on words) or just an always-on alternative view giving the KO position in points of the underlying rather than just points of the KO risk. I can already simulate that, PandaFace, by reducing the browser window set to show the "Positions" tab. What I'd like to see is a tear-off ticket from which I can close an open trade. By the way, once I was into my KO trade I found both "stop" and "limit" buttons became available to me from the "Positions" tab and I closed my position overnight on a limit order.
  5. What I'm trying to say is this, Caseynotes: It doesn't matter how the instrument is actually derived, or even how it actually performs, but rather how the consequences of being in the trade are displayed numerically. So, if, for example, an opening level of, say, 100 were to be the case for a KO trade, and the level of the underlying was, at that point, say 1000, then, rather than have running p/l displayed only with reference to the KO level, let's have it displayed also with respect to the underlying. In that way a tear-off ticket can be displayed alongside the price chart and trade-relevant calculations can be made without a lot of mental gymnastics needed to relate the ticket to the chart.
  6. What I'm trying to say is this, Caseynotes: It doesn't matter how the instrument is actually derived, or even how it actually performs, but rather how the consequences of being in the trade are displayed numerically. So, if, for example, an opening level of, say, 100 were to be the case for a KO trade, and the level of the underlying was, at that point, say 1000, then, rather than have running p/l displayed only with reference to the KO level, let's have it displayed also with respect to the underlying. In that way a tear-off ticket can be displayed alongside the price chart and trade-relevant calculations can be made without a lot of mental gymnastics needed to relate the ticket to the chart.
  7. As there's been no further activity on this thread since my post on 14/9, and as I've had time to think about the problem a bit more, I wonder if the lack of KO "tickets to close" might be to do with the difference in risk associated with a long trade wrt a short trade. If that is the case, might it not be possible to engineer a ticket which has a graphic to show nett-off plus or minus? Sometimes the close would be augmented and sometimes reduced, depending on which side of the market carried greater risk. Or am I just missing the point again (as usual)?
  8. Back to the subject of tear-off tickets for KOs: Yes, there is a KO tear-off ticket but, as far as I can see, that is only to open a position. In order to close a position you have to use the "Close" button in the "Positions" page. What I'd like to see is the equivalent of the tear-out ticket for a spread bet so that this can be opened in a reduced window to accompany a Pro real Time chart. (It's possible to reduce the entire "Positions" window but this also reduces any other tabs. Or one can open a new window but this imposes unnecessary work on the user's CPU.) I'd also like to see the KO ticket give a "synthetic" overview of the trade as though it were a simple spread bet. This would remove the need to do an unnecessary amount of mental arithmetic in order to get to the actual opening level on the underlying. I arrive at this because I don't trade on a chart of the risk premium (who does?) but rather on a chart of the underlying. To relate risk premium to underlying is ok when it comes to designing the product but faithfully referring to the calculations involved in doing that need not be the main aim of the ticket. It would be much simpler for the trader to see a price and a stop rather than a stop and a price.
  9. Ah, that's what I was missing Too bad.
  10. That's really interesing,Eclipse. I don't see why it wouldn't work if you could use the "force open" option on the stop order to enter the short. I think you'd end up with approximately double the effective margin for what is, in effect, a much less risky trade (because you'd have the much closer stop). What am I missing?
  11. Not long after I posted yesterday I discovered that there is a tear-off option for the KO ticket. It's accessed by right-clicking on the security and choosing "Open ticket in new window" from the drop-down menu. Previously this was the "Tear-off Ticket" option. I should have said that I prefer the old platform to the new one and so, apart from yesterday being my first KO trade, it was also a foray into unfamiliar platform territory.
  12. Yes, Caseynotes, I see what you mean. Practice makes perfect. ?
  13. I tried a Wall Street Bull KO for the first time today. It's only when you try to follow the profit/loss alongside the chart that you realise how difficult it is to get a feel for where the KO is actually trading, and therefore where to set a mental stop so that the KO actually mirrors the standard Wall Street spreadbet trade. Also it is not at all obvious where one's entry level actually is in relation to the index. With that in mind. I'd like to propose this: a combined tear-off ticket which shows both the standard spreadbet Buy and Sell and the KO running position. Depending on whether the position was entered via the standard ticket or the KO ticket, the method not used to enter could be there for information only. This would avoid confusion when using the ticket alongside the chart (to exit) and it would make it very obvious when one's mental stop level is reached.
  14. " the EU has fired wildly and missed the target but has managed to handicap everyone within range": A very good analysis of the situation, Caseynotes. The point about the ESMA's lack of understanding is pretty much the one I made in my submission during the so-called "consultation" process. I find it intriguing that the people with the power are not in the position that they're in because of any superior knowledge (or intellect) but rather, most likely, because the rest of us let them get away with arriving there as we cannot believe just how small-minded and intellectually limited they are until it's too late. This is as much down to inherent psychological biases (ours and theirs) as anything that these people might take it into their heads to save us from. Many times - and this ESMA ruling seems to be a case in point - it is they from whom we require to be saved, but the chances of any of us finding ourselves in a position to effect this sort of change are vanishingly small. And so, in the nature of things (which is to say, according to social dynamics) we find ourselves in these absurd situations of our own making time after time after time. Ah, well, I guess that's what makes it possible to have a market in the first place. Traders seem to know this Economists, politicians, and regulators? Not so much....
  15. Hi Will - Focusing on one item at a time, as I mentioned in an email to the IG helpdesk, today I had an email from Jaymen on the problem of setting time zones. He wrote: ---------------------------- It appears that 10.1 will cut out the gaps automatically, which is why it appears continuous. On 10.3 I can see that it leaves the gaps between the market open/close times. Can you please simply try changing the trading hours of the market to reflect the hours that the Brazil 60 trades at? I've just tried this myself as you can see in my screenshot and you'll notice the chart is now continuous. ---------------------------- I've done as he suggested and the BOVESPA does indeed seem to come in as a continuous chart now. However, the US500 (IG's SPX, or S&P500) does not. This is at the root of the problem. In 10.1 all I have to do is nothing at all and both the S&P and the BOVESPA come in as they should. The only difference between markets is that the US500 data comes in 24/7 and the BOVESPA comes in during market hours only (as expected if IG does not offer out-of-hours trading on BOVESPA). I cannot find a way to adjust the settings in 10.3 to reproduce the behaviour of 10.1. Here are screenshots illustrating this. All are taken within 10.3: As you can see, if the US500 behaves as it should then the BOVESPA appears incorrectly, and vice versa.
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