David30b

Hi, This title WILL NOT CREATE a "crypto winter" as BTC has already bounced 10% from it's low - as you report AND is 20% higher than EOY 2020. Thats not a winter in my books - I know I am nothing, but my facts are true - all we have today is market VOLATILITY - and that is up 50% in a month - CRYPTO HODLers are firm. Well that's my forecast - anyway I look forward to a hot June !!! I can buy more at this bargain price - ATB DSB. Ps. However great Headline. Also my budget is ZERO LOL.

A lot of info here - but generally like the ideas at the end - thanks for the post

Hi Cherl Crypto has been stopped for over 2 weeks since bitcoin exploded and its an almost certainty it will go up long SEE IGs page on Crypto

Hi Yes IG have given I believe a statement on NON TRADING for options or CFD on crypto (which I see no reason why it should not apply worldwide) I maybe wrong on that. All open trades will automatically close on 23/March/2021 - but mine got stopped out a day or two ago. Hope you didn't have too big a position on your short - it will recover but IMHO take a week or more to settle as very volatile at the moment since Elon's statement - but there are very few free lunches in markets. All the best

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.🤓

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 though!

Thanks for the info.

Seems likely - there has to be a line somewhere - otherwise they would specifically have an overdrafts team - which would be a time/cost ie loss maker for IG and as 70+% non pro trades are non profitable would rack up losses for IG - which ultimately would be the end of IG!!! - OK a bit far fetched but a fail safe so IG DON'T GO DOWN THE PAIN is what everyone NEEDS.

QUESTION Anyone have any clue for Hargreaves Lansdowne ?

Hi I am fairly seasoned (20+ years) - but probably don't know all the ins and outs ). 1) Maxed out ISA allowance every year - worked ok for shares. Using IG for shares and ISA and spread bets. In SS I have traded DOW/Tesla indexes OK - but currently on BTC - Only thing to be aware of is some highish interest charges on products (like cryptos - which become pro only from 6th Jan 2021) (only recently increased I believe) - but taking everything into account no problems. Also dabbled in CFD but abandoned with flexibility of SS. Been IG customer for approx 4 years and many years using other providers - but favour IG overall for ease of use. Sorry I am not quoting EXACT interest charges - but it will be different for each product. Just watch out for spread widenings near end of day.

Hi Firstly I feel for your predicament - but there is probably some reasonable explanation to the problem - firstly IG are a professional organisation (in my opinion) - they do take their cut and YES it can be pretty steep at times (just discovered myself in my trades). However the word Ponzi suggests a fraudulent model built and then only to be successful if more people subscribe to the scheme to survive and keep joining - I would disagree with this. Personally I think IG are doing their best (under the circumstances of COVID). The word Ponzi is being used more today I believe because of the immense strains on the financial society of the usual excellent service of IG. But there is a definite change in finance at the moment all round. I believe you have been the very unfortunate circumstance of lack of ownership by IG of your withdrawal (probably - and only IG could verify this due to multiple members of their staff being involved and possibly a mistake being made or deadline missed by seconds /minutes and hence you 5 day withdrawal time frame. However the question of WHY in todays world does it take 5 days to transfer funds is the pertinent one - This should be either 1 day or instant (if money can go in instantly - why not out instantly - that is definitely one for IG to answer - but I believe those are their WHICH WE ALL SIGN UP TO AND AGREE TO conditions ie withdrawals can take 3-5 days and THEY MAKE THE RULES NOT US. It has taken many years and $ or £ investment to set up and system and I consider it the best for my purposes by a long shot and am a happy customer. If you simply follow what they ask you will have your money sooner the only reason they keep asking to verify is in case fraud is involved (I have even encountered this my self and it is just a check nothing personal my account if not running on this basis) I hope this is resolved my friend (I feel you are taking it personally) but medical supplies is a VERY PERSONAL thing as you need them swiftly for your father (I wish him well soon).

Agree with all comments - I only trade USA stocks - so Tesla (made a bomb on that in Jan till I got a bit too greedy - still out with a great overall profit) and DOW as already trade them at various times in the last 2 months

Agree with this totally - certainly for a newbie sitting on the fence as to action to take

Hi dmedin You post today had me interested and questioning the meaning. Until I checked it out. I see exactly your point now if it had happened where would the world be now? Somebody would else would have 'found' America BUT would they have done? CAn't say But market wise we are trying to 'beat the market' or play with the professionals - foresight and vision and TRUST in trustworthy people is only the way I mainly succeed on here. PS I do not day trade but have done well trading (started 40 years ago. I really like and checked out many of your posts (over the last 6 months) as you are a super contributor.You said recently you had been actively trading here for 3 years.? I know more as you have such depth of knowledge. Also I only stick to what I know or follow. Keep posting and have a good day. I love history. THEN ... I though I REALLY must recechk about Columbus and Roseveldt and what now happened on 6/10/20. What a can of worms (well not no we are dealing with peoples lives so yes your comment has educated me more on this fact in history. Which president will have the guts to remove the day completly - one day yes. Anyway thank you for highlighting this day which should not have been set at all.