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Caseynotes

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Posts posted by Caseynotes


  1. 5 minutes ago, dmedin said:

     

     

    No, but IG just cuts you off from trading when the market is making a major move.  (Major outages)

    major outages are rare, the bigger problem is a sudden lack of liquidity which is the cause of a gap or a spike, it's at those times that some think that IG should just take the other side of their trade instead of looking for a counterparty in the market.

    • Thought provoking 1

  2. 5 minutes ago, CharlotteIG said:

    There are some brokers out there that will not hedge the same way as clients and win when clients lose however IG are not one of them. We want our clients to win so they will continue to keep trading with us. 

    It's worth pointing out again that brokers who do take on the trade are also taking on risk and can and do go under whenever their clients manage 'get it right'.

    Below is from a press release from a broker who recently had to issue a major profits warning to share holders following a period of market turmoil when their clients did just that.

     

     584643691_aaplus500.thumb.png.31b80ff9ce2c4ea24ff986611449ab6d.png

    • Like 1

  3. 1 hour ago, Parkerman said:

    I currently am small long an ETC. It is in profit but my screen is showing a minus number in finds and the same minus number in available to deal, why is this?

    the available to deal figure is the amount left to use for new trades after the amount of margin used on the initial trade has been subtracted from the total.


  4. 5 minutes ago, nit2wynit said:

    Casey has no Idea what he's talking about.  


    Gap and Go strategies are nothing different from any other trade.  Just smaller Timeframe.  Don't waste your breath trying to convince him.

    He doesn't even use the retail platform.  If he trades at all it's Forex and Indicies on Mt4.  Dschenk didn't stick to the Gap and Go principles.  He often let his losers Run too far, but he consistently made profits.  However, his strategy wasn't something that I thought could work in the long run.  He would often risk 4-1, but his success was around 80%.  What this often meant was he would make 8 good trades and take £20 on each but then let the last 2 run against him to remove all the profits he made.  He seems to be doing OK now.  Maybe he'll pop back in to clear up Caseys remarks.

    oh right, so what was your excuse then?


  5. 2 minutes ago, brhugh said:

    Thanks for your reply. I didn't get any email with the password, I was just using my existing password. Is there any way to reset the MT4 password through the website?

    the 2 emails might be a day apart, if you need to reset the password for your live account it can only be done via email (the same email account IG has on record for your account).


  6. 1 minute ago, larrytradingltd said:

    Weird, you get it quite a lot but usually only on smaller caps, not large etfs! 

    yeah, that was bunds specific, the 2 most common causes for the Closing only are that the market cap for the company has fallen below IG minimum and they will remove it from the platform once all positions are closed 

    or,

    IG has reach max risk tolerance for the market due to heavy one sided positioning and so are not allowing new positions until some positions have been closed, that might take hours, days, or sometimes even weeks

    • Like 2

  7. 7 minutes ago, dmedin said:

    I imagine traders working for a firm benefit in a lot of ways (access to expensive tools, bouncing ideas off other traders, having a c&nt of a boss to enforce disicipline on you etc).  They are probably the only ones who make money trading for a living :D 

    They have to, they pay about 2k a month desk fees for those benefits you list.

    • Thought provoking 1

  8. 11 minutes ago, dmedin said:

    Are you suggesting IG's web platform for spreadbetting is naff and not used by professionals to make real money dealing in real markets :D:D:D:D

    no, it's fine for what the majority want it to do but if are looking to specialise in an unorthodox strategy there are many subscription platforms and high speed connections to consider.

    • Thought provoking 1

  9. 4 minutes ago, JustinCase said:

    Having lost plenty of money on this platform due to share price dropping below purchase price, I once queried if I could add some protection of capital by setting up a sell order at or just above purchase price.  I was told this could only done for the day.  Even advice in "help" quotes:

    Hi, the GTC is 'good til cancelled' and so won't close until you cancel it so won't close at end of day but not all markets will have this. 

    The problem is IG only allows order types that are accepted by the particular exchange on which they are placed. So for example a couple of years ago the nyse and i think nasdaq stopped taking stop loss orders (to protect retail traders from big losses would you believe) so now you can only put in a stop order after the initial order has be triggered.

    Other brokers have got round this by taking your order and holding it till they can place it in the actual market, IG said a while back they were looking into doing the same but no word since.


  10. 3 hours ago, Cedric said:

    I just posted a message and stated that I was unable to find the 'net off' and the 'force open'. What I meant to say was how you I use them?

    Force open is also known as Hedging mode, for example you have a long trade open but price turns against you but you consider this to be temporary so with force open you open an equal size trade in the opposite direction and so your profit/loss total remains fixed until price turns again back in you favour when you then close out the hedge trade.

    You would use the net off if you had an open position and want to close it with a stop order in the opposite direction (a standard stop loss) or if you wanted to scale out with a series of smaller stop orders at various target levels.

    • Great! 1

  11. 11 hours ago, bigstones said:

    Hi to whoever reads this. 

    Been buying vanilla blue chips for approx. 10 years, trying to compound those dividends. Finally decided to take a look at spreadbetting to try and add a bit of jet fuel to my PF.

    Trying out the demo account to get the hang of it and my first question is DFBs vs quarterly  - am I right in thinking that the cost crossover between the two occurs at around the 15 day mark? Basically if you're planning on holding for less that 15 days go with a DFB?

     

    Thanks in advance

     

    Hi, yes that is about right though does differ market to market, DFB cheaper if holding less than 15 days, Futures cheaper if intend to hold for longer.


  12. 5 hours ago, Mojo66 said:

    May I please ask what is the minimum $ amount I have to place in the CFD account to be able to short sell?

    And,

    Where can I find a list of the stocks available to short through IG.

     

    Appreciate your help in advance.

    Hi, the minimum amount is dictated by the 'margin' requirement which is stated on the deal ticket as you fill in the order.


  13. 17 minutes ago, larrytradingltd said:

    Ah right, yeah I'm a big fan of the smb stuff, definitely down the more academic end of the spectrum but it's great. I think if I did buy one course it would be their full one. I can't afford any of them though so my approach is to pick around and try and fill all the gaps with all of their free content, which seems to be working out ok at the moment. 

    sounds like a reasonable approach, look as widely as possible and take on board what fits and suits.

    The guys here on the forum trying to emulate Ross ran into some big problems, Ross was using a DMA platform hooked up to the exchange by a super fast and expensive connection, he was paying hundreds a day while the boys here were using the free broker supplied toolkit as well as trading on a completely different market, never even looked like working. 

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