BigDeal
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Posts posted by BigDeal
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If only we knew which days they should be.....
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44 minutes ago, THT said:
Hi - I would take the Sentiment readings with a pinch of salt - it would be better if a quick survey was taken when placing positions as 95% of those trades/position could be trading short-term intraday directional trades
If one of my methods shows up on a chart I trade it, regardless of sentiment readings
Totally agree. Provision of sentiment data is purely a marketing tool. Brokers make money through activity, so anything which encourages placing of bets / trades is good from their perspective.
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Betfair exchange offers a reasonable range of political bets
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Hi
The top price is the listing on the French exchange (in euros), the bottom one on the London stock exchange (sterling), the latter being quoted in pence per share.
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You bought shares costing £11,176.62, have made profit of £1581.76 on add these together to give current value of positions = £12,758.38. You have £8,064.33 available to deal.
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They don't use the correct names because they would have to pay a fee for intellectual property rights. As I understand it IG pay this for FTSE100 but won't pay for any others.
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The sell button is on the right hand side of your open positions window
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Signals, indicators, TA are, on the whole, a waste of time, whatever source you use. They provide a justification to trade in the eyes of the person using them but you will be caught out too many times to make them worthwhile. The brokers love them because, as I've said many times before, they create business for them. It's a bit like going to a casino where the house will happily show you the last 30 numbers which have come up on the roulette wheel and punters will think they can see this amazing pattern emerging, but of course it isn't.
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Assuming you mean funds in a previous tax year ISA (unless you've funded one today!) You must get IG to request the funds from your other provider. You can do this through your ISA account (there's an add funds button top right when you are in your ISA account). Do not withdraw the funds yourself from your existing ISA and place them in your IG ISA because this would be classed as using your 2020/21 subscription.
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Yes apologies, an attached limit order should close the position fully taking into account any other trades which have gone through already on the same instrument. So really not sure what's happened. Your only option is client help - but it might take a while to get through at the moment, as I'm sure you will be aware
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Sounds as though you failed to adjust your limit order size to take account of the intervening shorts, and did you definitely set them for net off?
If the market was moving quickly the issue is probably slippage
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Omar, you highlight the reason why most TA and indicators are a waste of time; they can be adapted to what you want them to be. They are a comfort blanket and justification for opening making (mainly opening) a trade. Brokers love them because they create activity. A massive industry exists in providing real (because it's all historic) data but none of them can predict the future.
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@Molibar I am not defending IG spreads, rather acknowledging how they decide to price. IG have many many positive characteristics over other providers and it depends what you want and your trading style as to who you use. I have been an IG client since 2003 and would not use anyone else for some aspects of my trading, but for other elements they are not the best. When day trading indices I need tight spreads; the difference can be £10's a day in my P&L.
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No sure I can help you with that - may be a technical reason - in which case you need to speak to IG - and I know they are busy at the moment. It may also be something to do with when you opened the ISA and/or whether you have funded another ISA with another provider in the current or the previous tax year as HRMC records may show your ISA allowance is held with someone else?
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I use 3 brokers, one of which is Core Spreads. All brokers have their own benefits and I don't think anybody serious about trading should only deal with one firm. The big plus of CS is that they do fix their spreads which at the moment, for me and many others is a godsend. (We were guests at the family raceday at Plumpton last year which they sponsor so I can vouch for them being genuine and no this is not a veiled advert for their services).
Since I trade indices and hedge every trade, placing business with IG (or ETX who are even worse at the moment!) is impractical with the wide spreads.
I understand IG's argument for increasing the spreads at the moment BUT this part of their business (spreadbetting) is as bookmaker, so they don't have to do it.
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You cannot transfer existing share holdings directly into an ISA - you would have to sell them and rebuy them in the ISA
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Go to the three horizontal lines in the top left and in the drop down go to 'accounts, click on the one you want and a box will appear enabling you to switch
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The index spreads make it impractical to trade today with IG. I'm sorry but this is exploitation by some of the SB companies and there is no excuse for it . IG want 7 point to trade DAX (ETX want 8!). Only CoreSpreads are maintaining their spread at 1.
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@Caseynotes A great find and thanks for sharing. I trade indices only but this info is still hugely important.
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I guess the cannabis index should be 'high' all the time really...
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There's an 'i' (info) button on the trading ticket showing the information you require
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Ozzie - not sure whether you are fully up to speed with this yet, and appreciate it's a while since this thread was last added to. When you are share trading you see the 'yellow strip prices'. These prices represent the best bid and offer prices available at that precise moment for a particular stock, and the numbers next to these prices represent the number of shares currently available at that price - so these can change rapidly based on trades going through, new orders being added (at the best price) or withdrawn, or if the price moves up or down (because the trades have been exhausted at those prices). If you ever subscribe to a level 2 service, (whilst fascinating, I'm not convinced of the value to a private investor btw) you will see a long list of requested buy and sell prices, but the yellow strip will always be there showing the best price you can trade at.
Hope this helps
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You may have just switched them off in error. On the very top right you should can toggle notifications and tweets on/off
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5 minutes ago, DSchenk said:
Like that concept.
What you explain wouldn't be the case though if the SB provider had to go out to the market every time you place a trade and hedge your position. Aka you go long on your SB account and IG goes to the market and goes long on the actual asset.
A few people have mentioned before though, that all positions are indeed hedged. Meaning your SB positions should influence the market.
Guess, we'll never know for sure.
Yes, in theory your point is correct but in reality the SB company only needs to go the market if there is a mismatch - and in truth I would suggest there often isn't - eg you (and hundreds of other traders) are long, I (and hundreds of other traders) are short on the same market, and when these match, the SB can make profit on the full spread of everyone and doesn't need to hedge anyway. If they traded in the main market, the trade they place would therefore be inconsequential in the grand scheme of things, and if they couldn't hedge for some reason they would not allow you to place your bet.
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Demo account
in Shares and ETFs
Posted
@Artist
Shares are quoted in pence per share, so HSBC in your example are at 404.75 pence per share = just over £4 per share