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zala

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Posts posted by zala

  1. ETFS Long SEK Short USD.
    I'd like to use this as a hedge against $ risk in a portfolio. 
    Are there any overnight fees if one would like to stay in a position for a couple of months?

    I'd use USD/SEK futures but IGmarkets doesn't seem to offer these and the overnight funding fee makes it infeasible to stay in them over long periods of time.

  2. I am currently looking at Swedbank AB stock, which has a margin of 10%. 
    The current share price is at 140 SEK.

    D = n x C x i / 365 
    n=amount of stocks,
    c=closing price
    i=market rate +-2.5%
    is the formula that IG uses, with 360 being the divisor for markets that are not British, South African or Singaporian.

    So if wanted to loan a 1000 shares, the daily interest would be;

    1000*140*2.5%-(0.5%*)/360= 7.78 SEK/day?

    Is my calculation correct, or am I wrong when it comes to the market rate?
    Is it STIBOR I should use, the 12 month or how do you calculate this exactly?

     
  3. On 10/03/2019 at 15:07, Caseynotes said:

    @zala, in order to sell to open you must first be able to borrow the asset. What the 'you cannot sell this market to open' message means is that IG can't find anyone who will allow you to borrow it in the first place.

    A similar message you may see is 'this market is unborrowable', meaning there is no liquidity to lend the asset to you for you to open a short (sell) trade.

    Yes, I found their excel-spreadsheet marking which stocks are possible to short and those not.
    However I still don't get why I sometimes get "order rejected" on stocks that are both longable and shortable.

    Any ideas?

  4. 1 hour ago, Caseynotes said:

    So that call went wrong very quickly. Dax immediately dropped to challenge and break support on the London open and is now in the middle of a congestion zone the bottom of which is around 12290. Not dull at all but not clear what it's going to do from here.

    1828507351_GER30()H1.thumb.png.e01dbc59290d14ff08bde00f0ac7fdb5.png

    I got stopped out yesterday at the SP500 after going long, I re-entered now.

    Given the political news oriented around the tariffs, and the positive sentiment on a Canadian deal and solid fundamentals in the U.S. I only trade long, and enter long positions when the VIX shoots higher.

    DAX and the E.U. is a different beast when it comes to GDP growth versus the U.S. with core inflation at 1%.

    • Like 1
  5. Dear @NadelinaIG.

    Guaranteed trailing stops serve the purpose of protecting one's capital in terms of trading on a swing-term basis.
    It prevents unpredictable market gaps that could erase substantial gains.

    Options for both trailing-stop-limit orders and guaranteed-trailing-stop-limit orders should exist as it increases the universe of possibilities in terms of executing proper risk management.

    • Like 2
  6. On 7/30/2018 at 5:06 PM, JamesIG said:

    So the primary reason for this is the legacy code which means the two different stop types follow different logic paths in the deal flow. We have raised this previously as a discussion topic for our core dev team, however at the moment unfortunately it's just not a priority given the client request to dev time required to change 'ratio'. At the moment regulatory change, Mifid II, ESMA and new products have taken up our time. If there is an update I will be able to let you know. 

    Until then you can turn on notifications. When you're limit order is filled you'll be able to edit a trailing stop manually. I appreciate this isn't ideal, however it is the best work around we have at the moment. 

    I see, but it should be included in your functionality.
    Guaranteed trailing stops would be very nice too.

     

    • Thanks 1
  7. On 7/30/2018 at 7:57 PM, TrendFollower said:

    @JamesIG,

    The plus side of this is that it keeps traders in tune with market movements and their trades. The best trades are those which you live and breath. Editing a trailing stop manually with make sure traders are in tune with their trade. I know it is not idea but there are benefits if they want to be taken.

    It depends on each traders individual psychological makeup.
    I do not feel that I am rational when I trade and watch my trades.

    I do planning each weekend, set limit orders, wait until they get executed and then oversee them a couple of times a day.

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