[Share Dealing costs and how to calculate them.]

To add, and to save you adding it up,  it's $5.64 profit on 47 shares up 12c and $5.98 loss on 46 shares down 13c.

[Total account value / trade history]

Hi, did you manage to find an answer to this?

I'm also struggling to understand my Transaction History and make any sense of Costs etc.

[Share Dealing costs and how to calculate them.]

Hi folks.

Seems I'm still a little lacking in knowledge at this late stage.  I've been trading Shares for quite a while now and transacted probably hundreds of times.

I'm struggling to either work out the values or interpret the information.  From what I can gather, If I trade more than 3 stocks per month, commission is nil.....I can see this reflected on my trading History.  From time to time I see a ' Charges' cost of $0.01. but I don't know if this is Per Share, OR per Deal or what?  I know; still winging it.

Take a look at a sample from today.

Buying Fuelcell @ $14.2 and selling @ $14.32.  That's 47 shares up 12c.  OR  $5.64, with the Red Price to the right being the GBP Value.  £  When I sold in profit my Balance was Less than what I paid.  when I sold at a loss, the loss is reflected.  I've dozens of instances like this.

Can anyone please explain what I'm seeing here?  Thanks.

 

 

[Small Account Challenge aka Warrior Trading Strategy]

On 25/09/2020 at 17:11, dmedin said:

Maybe one day you will stop looking.  The answer is right in front of you, but you won't acknowledge it.  Most people here are in denial

Hey.......I don't get notifications so not seen any posts pop up.....

What do you mean?  What are most people in Denial of? 😮

[Charts not loading again.]

I almost can't type the words for how stupid I am to still be here.  I've lost a small fortune of my balance since i joined IG and not all of it is down to my failed Trading.

I can't see the charts to open or close positions.

I can't get thru on the phone and receive no replies on email.  Yet I keep putting my money down.

Someone **** shoot me already.

[Small Account Challenge aka Warrior Trading Strategy]

On 27/08/2020 at 15:16, DSchenk said:

In the past couple of months I was playing essentially the reverse of what Ross from Warrior Trading does.

Gap Short instead of Gap and Go.

Much of the procedure is exactly the same.
Scanning for gappers (gap-up) before market open.
Filtering by shares below $20 (preferred below $10), low float (typically smaller than 200mil) and small spreads (smaller 2%, better smaller 1%).

Then instead of jumping in long on market open, I wait until they had their initial run and found a potential high of day. This is when I go in short and ride the downwards momentum.
I see it as such, when Ross is finished with trading the long side, I go in short.

This actually makes a lot of sense lo..  I've never considered simply Shorting on reversals.  haha.  Simple when you think about it.

[Small Account Challenge aka Warrior Trading Strategy]

On 22/09/2020 at 10:00, DSchenk said:

Alrighty, time flied again.

Here is how my testing phase worked out in August.

25 Trades placed. £1000 account at the start.

It's been a bit of a slow month, but that's how August typically feels.

I tested 4 reward-risk ratios:

• 2:1 (2 reward, 1 risk)
• 1:1
• 0.5:1
• 0.25:1

As you can see from the chart below, none of them were super profitable.

• 2:1 sucked the hardest, only 7 winners, 18 losers. 28% success rate. Break-Even would've been at 33%.
• 1:1 came out on top. It did have some nice profit during the month, but then couple of losers at the end made it come down quite significantly again. Success rate: 52% (Break-Even at 50%)
• 0.5:1 negative as well. Success rate: 60% (Break-even at 66%)
• 0.25:1 profitable and the most stable growth curve, although not the highest. Success Rate: 80% (Break-Even at 75%)

 

So, not really exciting results overall. Profit target would've been at £500 and no reward:risk ratio was able to hit that, even temporarily.

So I searched for further optimisations.

I concentrated on a reward:risk ratio of 1:1 as that seemed to have worked the best.

First of all I was looking at not adding to positions as I have done in the August test and see how that would've performed.
Quite well. Apparently, my position adds were doing more  harm than good. Without the adds, my success rate jumps from 52% to 64%.
I was thinking, if I don't add to my position, I can also double my position sizing from the start.
With these two optimisations, my profit would've come out at £335, already way closer to the £500 target.

Secondly, I was thinking, what if I normalise my position sizing in a way, that I always make £200 loss/profit. Meaning, when I get to enter closer to the resistance, I can double down on my position size even further. While when I'm entering further away from the resistance, I'm scaling down position sizing.
With that optimisation, risk-reward stays the same (same trades, just different position sizing), but profit jumps to £800 on the month. That's a juicy 80% and well above the 50% target.

See the optimisations in the chart below.

 

So, as a result, I'm currently testing the final optimisation on my Live account.

• Risk-Reward: 1-1
• Not adding to positions, hence increased standard position size
• Normalised position sizing according to max loss/profit target (£200 on a £1000 account)

 

Next update, once the month is over and I have the Live results.

As usual a very thorough feedback breakdown there Daniel.  Very impressive.

I'm pretty sure you're only a few steps away from success.   Looking forward to your next report.

[MT4 down]

11 minutes ago, Caseynotes said:

I did but was ok, the mt4 feed was restored after a gap of about 4 min.

Let's hope this is the end of it then.

[Small Account Challenge aka Warrior Trading Strategy]

On 17/09/2020 at 13:01, Lavendertrader said:

Hi I've been following this and just wondering how you are doing @DSchenk on the Spread betting as I have been doing this too, trying to day trade on the US markets. But finding the spreads very difficult to make much profit.  So am considering moving to share dealing like @nit2wynit 

Can I ask if you are doing better at the share dealing @nit2wynit ? It would be great to have an update from both of you if possible. That seemed a nice little win on Novavax. 

Just trying to work out strategies and interesting to see other peoples styles. 

Thanks

Hi, My Share dealing is going far better than my Spread Betting.  I put about £800 in share dealing to see if I could notice a difference.   However, I made some rash trades early on.  Then, the my account grew on Virgin from $16 to $28 where I took the profit.  I grew the account to £1200, but it came down to £1000 as I sold other Stock.  I added another £400 to make a total on £1400.  I've bought and sold so many times I've given a lot of profit back in commissions.

On the whole, I'm where I started.  £800 +£400 = £1200.  My account is actually @ £1245 as of now, but is down 13%.  Total Book cost is £1445.

Spread betting the same I'd be wiped out already.

I think Fine Tuning on Share Dealing is far more preferable and wise than learning Spread Betting and actually losing.

Since November, here's what I've seen and missed.

Virgin Galactic @ $6.50 went to $42. I bought after the drop at $16.50 and got out @ $25
Velocys Plc at 2.5p and missed it go to 16p.  Got in at 6.5p on the pullback and back out again @ 10p.
Novavax @ $7.50, got out at $10 only for it to go to $15 overnight then on to $170.  FML!

This week i was in Fusion Antibodies @100p, it opened up next day and I got out at 50% profit, only to watch it go to 150%.  

So yeah.  Share dealing is sooo slow compared to Spread Betting.  It's too difficult to get in and out quickly.  The platform is limited.  I've not been able to put a Stop in place before I place the trade.  I'm literally looking for a workaround now.  I'm also looking at other platforms to use.

[MT4 down]

2 hours ago, Caseynotes said:

Seem to have lost MT4 live feed about 10 min ago??

 

Check your internet.  No-one else is having a problem.  Must be your end. 

[Charts not loading]

I've been watching Nokia for a couple weeks.  Went to Buy shares just now.  Rejected.  Why don't they put this on the ticket in the 1st place?????

[Charts not loading]

On 11/09/2020 at 18:38, dmedin said:

IG treats you like sh!t yet you keep coming back for more, sadomasochist  

I know.  I question my motives every day to no resolve.  ha

[If you use tight stops is negative slippage a big problem]

36 minutes ago, u0362565 said:

Ok thanks, my stop is at least 2x the spread but never much more than that.  Slightly different question but does the spread that applies when you open a trade then stick or if the spread then changes while your position is open this new spread applies to your open trade? If the latter that seems unfair.

It's a good question that I've not found and answer to.  I remember vaguely last year a stock went from 3 to 15pts spread!!!  It was a Bad Day.  As I was getting in and out of the trade, i was being stopped out immediately because of the fluctuation...

[If you use tight stops is negative slippage a big problem]

Hi, I've not encountered many issues at all with slippage.  Sure it happens at times of huge volatility, so if you're Day Trading off the Bell, it's more likely to happen then.  Also, Too Tight of a Stop can get you out prematurely more often than not while Spread Betting as the Spread can be considerable and variable.  If I place a Stop it's usually 2x the Spread OR 2x the Spread below or above the SR lines.  However, this being said, it depends on your Strategy also.

In 18 months of Day Trading or chart analysis, I've encountered slippage once on an Uber Drop last year.

[IG Charting - new functionality]

...If you could also ad the VWAP too, and the ability to search thru the shares list by % moved that would be great.

[Charts not loading]

It's a common thing.

[Stop order on a sharedealing ISA]

On 07/09/2020 at 15:14, CharlotteIG said:

Thanks for your post. 

If you use a stop order to sell it means we will sell at the price you select or worse. We will try and get the price you selected but if the market were to move downwards rapidly we will get the next available price. 

In your example, if you were to set a stop order to sell at £48 your instructions to us would be sell at £48 or less. 

I hope this helps. 

Hi, Charlotte.  Can I add to this and ask why I can't add a Stop/Sell order on Powerhouse Energy Group in in my Share Dealing account?  Thanks.

I also can't remove my Limit/Take Profit from Supply@ME Capital PLC.  Spread Betting.

[I can't be the only one again having problems with this platform?]

Can anyone tell me why I can't put a Stop Limit Order on some of my Shares?

[I can't be the only one again having problems with this platform?]

THIS IS **** INSANE!  My Stop Orders have disappeared too! WTF!

[I can't be the only one again having problems with this platform?]

This isn't a threat, it's simply a mission statement.  I'm looking for a new broker and platform.  This is a joke!  I've lost almost a 1/4 of my capital to platform issues over the last 18 months.  I've another thread open asking why I can't remove my Limit from my open position.

[I can't be the only one again having problems with this platform?]

Christ! problems with charts loading again...Jeeeeeez!

[Can't Delete Limit/Take Profit line]

Hi as in title.  Have i missed something in the 18 months of trading?  It's possible.  I've had this a few times in my time here with IG where I've prematurely taken profit and the trade has closed, even though I've removed the Limit beforehand.  

I've either set a Limit to take profit, Moved it or tried to Delete it, but I get a message saying i can't.

I can't remove a Limit/Take profit from my chart.

[I can't be the only one again having problems with this platform?]

Announced on Twitter.  Sorry for Problems.  All sorted now!

[** Urgent: Dubious Tesla pricing **]

hahaha, now my % has gone missing from my Portfolio stats.................................................Throws hands in the air!

[** Urgent: Dubious Tesla pricing **]

Ah man I think there's something in the air.  I feel it in my bones.  I'm cashing my chips in and getting out of Vegas!