nit2wynit

Trend, I'm not sure if you've tried other platforms. The retail platform here is really bad for me. I've commented on it since I joined back in March. It's laggy, buggy, and I feel it's unreliable. I've tried other platforms since and they are amazingly smooth and accurate. I can only confirm there might be a problem with the 'New' platform as there are other instances since it went live going back a few years. I've also conceded there may be an issue my end, but I've had no technical feedback from IG. Hence my desire to look elsewhere. My losses are to do with me alone. But some are to do with the platform; or the problems I have directly related to it. My learning is still active. I was just lucky today finding the FTSE going down. Too often i get in too early or at the wrong point. But I can't go back to the demo; especially with IG. On at least 3 other platforms i can drag the chart around in real time with zero lag. I can't do this with IG. Case in point; today I had a position open on the demo. I had a stop at -£75. I tried to move the chart around but it was lagging. I accidentally moved the Stop position on the chart and created a Stop of -£150. The minimum Stop was 12pts, so I had to wait for it to make sure it didn't drop further than my original stop. Anyway. I've left the Platform, not the forum, though I doubt I'll be adding much when i find a new one. As a parting gift Trend, maybe you can offer a thought on what to do with only 1k? Thanks

Yes, Trend; technically I am still here also. £1400 isn't a lot of money, but it is a Limit I have applied to my learning curve. My Issue is not with SB, but how it's not transferable to Breakouts on small caps; i.e my business model. I find the Retail platform with IG a problem also. I may re-discover SB on another platform and trade Indicies only. The FTSE for Instance. Thanks

Disappointingly and as per usual, I've just made £100 on the Demo FTSE drop lol. £2pp

but they're not known to have the best platform. It's terrible; for me at least and I've tried a few. Not really sure why I settled with them actually. It's never been good. For instance I've been using Saxo. it's amazing compared to this one.

Yeah it's been a tough realisation. I won't be returning to Spread Betting. I'll be looking for Share Dealing. Think i'll try investing too.

@dmedin @Caseynotes @TrendFollower @Foxy @davidbrister Hello everyone. I just wanted to pop in a say Good Bye; I'm leaving IG (The Platform). Spread Betting has been a tough lesson for me since March. I had a limit of -£1400, and yesterday I reached it. My apologies for the frustration I have caused some of you. My gratitude to all that have offered advice. It's clear to me that Spread Betting is Limited, especially with a small account. In this I have indeed been a Fool and it's taken far to long to realise. The inability to trade Small Cap stock for instance. Today as I do most days, I searched thru the entire LSE for any stock on the move of 5% or more. Of the thousands I scoured, maybe 10 were available to trade. The rest of the time the market was only available to Close, or Unavailable to Open. The reason for this of course is, according to IG; They do not meet out requirements.' I can only assume that a heavily liquid market costs them too much. Spread Betting is 'Free'; but comes at a cost. In hindsight it all now makes sense. 'Day Trading Small Cap Stock' was my Plan. My Strategy was to find Gappers under £10 that had moved 5% or more pre-market. Buy the 1st pull back and sell the rise. It's not a new thing. It's as old as trading itself. I often found myself backed into a corner by some of you and I could never figure out why. There are literally hundreds of thousands of people around the world trading Breakouts. I got caught up in the emotion of it all. The need to place a trade. I was impatient, impulsive and basically Gambling. However, when i first started, I made profit. Not on the starting balance, but on my daily. I could make anything from £5 to £100 in a matter of minutes with only £1000. But I lost something. Maybe it was courage, I'm not sure. What is clear is I've done nothing but lose since I tried to play Long with a small account. The problem here with IG and Spread Betting, is the inability to either find Small Cap stock, or even Trade them when you do. The big realisation is the poor retail platform, especially for me. I've had no success in finding a solution to the laggy charts, missing data or close button, and even PL being different. It's not great. I've had zero technical support. I have estimated I have lost almost £300 to frozen charts or missing Close buttons on the Chart. I could go on, but it's of little importance. I just wanted to sincerely thank you and I wish you all good luck with your trading. I'm not quitting, but I am taking a break while I research other brokers and platforms. Spread Betting may be on the way out. It's certainly is for me. Good Trading people.

Sorry. Sports Direct :O

10.33. Something going on. Market not Open to Trade.

Any thoughts on this today? The Auditor has Quit! Dropped a few points this morning already.

I've had several similar issues on my PC where my Order was not present on the Chart, but was in Positions. I was not able to Close the trade on the chart, so had to open the Positions. I've had no answers to why this happens, but it's been suggested it's a problem my end and my Internet may be to blame; it's Not!

Well, even though i got out early for -£30 it's clear I had my Stop in the obvious place for Stop Hunting. It's a cut and dry result surely? So the lesson is, Don't put your Stops in the obvious places....Or they WILL be Hunted.

1M to fine tune your in and out point. If it's been running for 1 hour I'll use 15m to get a feel of it. if it's been running all day I'll use 4h and 1h. If it's weekly I'll use Daily and 4h. But i'll always use 1m to place it.

Yeah i reckon there's a good possibility . I think it was a Knee **** reaction to news.....So it could recover quite well. about 1k to be had if it does if you can afford the risk. Either way I'll keep an eye on it. that's me done for today I think. Missed my £100 win earlier on Russell 2000. Took a £4.50 hit now - £30 too. My loss limit for a day now is -£25 so I'm out.

I got in for 0.24ppp with my biggest Stop ever of £100 see chart. Bottled it as it reversed to -£30 and got out. Let's see where it goes. Worst part is I was going to get in around £3500

Banco Marco just dropped 40% because of Argentina Election. Was doing well before that. Could be a way in to go Long as it recovers to previous levels. What you reckon?

Why don't we work a chart together and see what we both think and compare.? Maybe we're making the same mistakes?

Not sure i agree with this. Having a Limit is the same as having a Stop!. Otherwise like you say, you'll end up thousands down. I went against my gut this morning. Russell 2000. Normally I'd ride it up and down. £80 to be had or more. Decided to go Long instead. I was up £20 at one point where I'd normally take profit then go long to ride it back up and down etc. Made nothing . Lost £4.50 haha.

Unfortunately. I'm about to quit this. I've given myself a £200 loss limit. This equates to £1400 loss since March. (not a lot considering I've lost that in one day before trading cars) If i lose it, I've retired. As has been stated; it's the time of quitting where you need to stick with it, or the loss is all for naught. However, i will really need to take it back to page 1 and actually study this instead of simply punting if i want to continue in the future. Ignorantly, but not purposefully I've still not watched the entire Academy vids. This is surely addictive. One last time I'm going back to the Demo. I'm going to do what I thought gave me the best returns. Using my entire Margin and being sure about my turning points. Short stops, short runs. 2.1 PL. I have roughly 8 trades left in me at £25 per trade risk. If i lose £200 this next week, I'll be looking to return to study. If i make £200 I'll keep going. @dmedin I've not found them myself, but there are forums where trading ideas are shared openly. Maybe we need a fresh approach.

I was anticipating the spike of the FTSe Yesterday. Went up in two stages. I marked where I would have placed at both points. At the end of the day, I'd have pocketed £200. So i figured, OK, I was right on those 2, I'll get on board. Now I figured, it was due a pull back after those 2 ups, but went against my gut to Follow The Trend. Went down lolololol. -£23. So now today, watching Uber and FTSE. Figured both going down. put them side by side and figured i'd go with Uber, but marked my short of the FTSE. Uber went up and cost me £13, and FTSE went south...would have pocekted £85 lololololololol. I can't win. Even when I'm right I'm wrong!

How can that be the big players? The prices are different on different Time frames. :O i even refreshed it and it was the same. I had to close it down and bring it back up again. I'm being eaten alive thru Fear of Loss and Ignorance. Nothing new here.

I obviously do when it comes to Sirius haha. But Pinterest is on the Move hopefully.

I cannot count the amount of times my Bid price becomes either Support or Resistance. However, it has been observed many times across the internet that Stop Hunting does indeed exist. Whom is doing the Hunting is not yet clear. It's possibly just a Novice Punter Myth. What i can say for sure is that If I leave an incredibly large stop, I don't get stopped out, unless i get the direction wrong. However, I don't leave incredibly large stops. Look at Weight Watchers. How can you mess a Long Trade on the Bull Flag. But i did. 3 small ones adding up to -£9........ Stopped me at every point and reversed. I'd make more money betting on where I'd get stopped out lol. Point being........Yes, if you don't allow for Bid/Ask Price then you will probably get stopped out. Also be aware of the spread. We all see the same charts, therefore so do the Bulls and Bears. they know where to look for them. The amount of punters who are over protecting their Stop losses is testament to that. Me being one of them.

I'm not surprised in here. My platform doesn't know what the hell it's doing. Look at the prices!!........Can't get any technical help at all. Apparently it's just me. How few people are actually in this forum? I can name 5 that are here each day, and I'm one of them. The online chat is hopeless too.

There is one work around however. you must first create a Watchlist. then you must tirelessly go thru all the instruments you are interested in a copy them to your watchlist. When you have them there you can arrange by % moved, or name, or Price change. It takes forever! It's not ideal. what you do need (as I do) is a market screener. The go back to the retail platform to find them and put them in a daily Watchlist, for instance.

Nothing like this exists I'm afraid as I'm sure you're now aware. the Retail Platform is quite limited and laggy for me. I'm looking for alternatives. Did you find anything else? Pre Market Scanner.Screener etc.