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Breakstate

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Everything posted by Breakstate

  1. Thanks for this reply. "As I understand it a 'point' is the 1st whole integer number. i.e, the first digit before the decimal place". But the example you gave is that 1 point is 2 decimal places to the RIGHT of the decimal place - i.e. 1 point = 1 penny. So I read from this that to calculate the value of a single point, I convert the total price into cents and use 1 cent = 1 point. So Amazon at BUY of 3145.00 - at stop loss of 4500 points puts the stop at 3100.00. Tested this today, seems to hold, so I would clarify the explanation to read: "A 'point' is the 1st whole integer number. i.e, the first digit before the decimal place, when the price is converted to cents or pents (i.e. whole dollar or pound price x 100). Examples: BUY $1.20 a share = 120.00 cents. A stop loss of 5 points puts the stop at 115.00 or $1.15. BUY $3145.56 a share = 314,545 cents. A stop loss of 4545 points puts the stop at 310,000 cents or $3100.00 Please anyone, let me know if I've got this wrong!
  2. Thanks for this reply. "As I understand it a 'point' is the 1st whole integer number. i.e, the first digit before the decimal place". But the example you gave is that 1 point is 2 decimal places to teh RIGHT of the decimal place - i.e. 1 point = 1 penny. So I read from this that to calculate the value of a single point, I convert the total price into cents and use 1 cent = 1 point. So Amazon at BUY of 3145.00 - at stop loss of 4500 points puts the stop at 3100.00. Tested this today, seems to hold, but I find it funny that the standard definition is not consistent with reality!
  3. So I've done the training but am confused by the Limit and Stop Entry orders as plotted on the IG platform for CFD trading. In the training, I understand that: a. if I want to enter a trade to buy a stock at a more favourable price than today (i.e. cheaper than the current price, e.g. 3.32), I can set a limit order. b. If I want to enter a trade to buy a stock at a LESS favourable than the price today (i.e. more expensive than the current price, e.g. 3.847), I can set a stop order. So why, when you see the attached screenshot, is the IG platform showing me a Limit order as LESS favourable for a Buy Entry Order (3.847), and MORE favourable for a Stop Order (3.32)? Isn't this upside down? 1963858451_QantasScreenshot.thumb.JPG.4f3e09cd2d3325d597fd59cfaaf885ee.jfif
  4. Apologies if this is super obvious, but I literally can't find this anywhere on the IG help site or forums. And I've made the mistake 5 times now, trying to set trailing stops on a position but incorrectly calculating how much "1 point" actually is and getting stopped out. Sometimes "1 point" seems to be $0.10, sometimes it seems to be $1.00. Help please! How much is 1 point when setting a trailing stop on stock in CFD trading? I've found this from "Investopia": Points in Stocks and Other Securities Just to add to the confusion, a point has a different definition when used to describe the price movement of a bond, a futures contract, or a stock. A two-point increase in a bond's price indicates a 2% change in its value, such as an increase from $10,000 to $10,200. A two-point increase in a futures contract correlates to an increase of two-hundredths of a cent, the equivalent of 2% of a penny. A two-point increase in the price of a common stock share is a $2 increase, such as a $100 stock rising to $102.
  5. So I've done the training but am confused by the Limit and Stop Entry orders as plotted on the IG platform for CFD trading. In the training, I understand that: a. if I want to enter a trade to buy a stock at a more favourable price than today (i.e. cheaper than the current price, e.g. 3.32), I can set a limit order. b. If I want to enter a trade to buy a stock at a LESS favourable than the price today (i.e. more expensive than the current price, e.g. 3.847), I can set a stop order. So why, when you see the attached screenshot, is the IG platform showing me a Limit order as LESS favourable for a Buy Entry Order (3.847), and MORE favourable for a Stop Order (3.32)? Isn't this upside down?
  6. Apologies if this is super obvious, but I literally can't find this anywhere on the IG help site or forums. And I've made the mistake 5 times now, trying to set trailing stops on a position but incorrectly calculating how much "1 point" actually is and getting stopped out. Sometimes "1 point" seems to be $0.10, sometimes it seems to be $1.00. Help please! How much is 1 point when setting a trailing stop on stock in CFD trading? I've found this from "Investopia": Points in Stocks and Other Securities Just to add to the confusion, a point has a different definition when used to describe the price movement of a bond, a futures contract, or a stock. A two-point increase in a bond's price indicates a 2% change in its value, such as an increase from $10,000 to $10,200. A two-point increase in a futures contract correlates to an increase of two-hundredths of a cent, the equivalent of 2% of a penny. A two-point increase in the price of a common stock share is a $2 increase, such as a $100 stock rising to $102.
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