Mark333

Hi Rob, pretty sure you can still change your stop loss or take it off entirely, if that was something you wanted to do, just go into positions and adjust or if you wanted to take off you delete and press return, good luck with whatever you decide

Good luck in your trading journey and you always have the IG demo to use risk free, for any strategy you are thinking of implementing,

Am spread betting not futures and you can on the settings select for automatic roll overs so am never take out, unless in a negative position. Yes your right position trading is a better description and knowing when yoiu have used all your ammo / trades and stopping so you carry enough balance to keep bet on if it goes the other way. So sometimes I could have an unrealised loss of -2 on a 5 point trade on US 500 when big correction I hold don't realise the loss and end up taking eg £100 - £250 profit in the end. When market going up may make £150 - £250 a day. Professionals would say I am risking too much for a smaller gain but point I make in return is I am not realising that loss so as long as I hold within balance I dont / havent had any drawdowns so far and building bank. Yes that's exactly right IG will automatically take me out of trades if I go minus, name of the game is always to stay within your balance, which obviously is an incorrect science but would say if you have 5 points on the US 500 and have £2,500 left as balance you will be okay for most scenarios apart from eg another financial crash. Would hold for most scenarios apart from a tier 1 financial crash but that would hit my profits, so would still be up. Personally I do think another crash is coming, either a) Recover falters at some point and we are not as strong as people think, plus US and the World has debt levels never seen before they cant keep printing money to solve it they have used that trick too much already or b) ecovery is real and we are all guns blazing then we will get a crash as well not as big as in a but still another crash as inflation, which market already worried about will take hold. When either a or b happens I have no idea they tend to either happen a lot earlier than you expect or you give up waiting for it to happen, think you are missing out, load up and then it happens. I might be lucky and not in many trades so can profit from it or may be in lots of trades in which case will hit profit / bank built up. Lots of different ways to Trade, just know for me tried the other way and lost money, this way works for me have to pick right markets that why I like US as historically no other market recovers after a financial crash etc quicker than US. Am confident to trade FTSE like this as well for now if I see some big red lines then will want to get in but FTSE still below their record highs so if I had bought wrong time few years ago would have to take a loss or still be in it now, which would be too long. I built my account up from 5K trading 5 points on US, so only 1 trade as don't trade less than 5 points Is till try and guess where market will go up to or take off near support, pivot points. Or when happy with profit or gut feeling thats enough profit happy with it take it. Then was happy making £50 or plus a day building bank when I though I had enough then traded 2 lots of 5 points or save one for when I was wrong. Build bank then bigger your account gets then you can put on more trades. Started small if you made £50 a day with 1 trade of 5 points 5 days a week that's 1K a month. Apart from when market goes against you then you wait until your trade is back in profit. Doesn't take a strong constitution am more relaxed trading this way, was more nervous when I had a stop loss and getting taken out, am only nervous if near balance. Obviously you have to find out what resonates with you and what works for you, find out what way you want to trade. You can always Demo different strategy's see what you like and works.

I am never closing a trade until it is in profit been trading this way since October. Made back my losses of when I was trading with stops and now in profit up 24K taken out my money I initially put in and trading with markets money. As a retail customer we are protected as to what's in the account, which is why I feel safe trading no stops. Am not having any drawdowns and building bank. As said in previous message wouldn't trade gold etc this way only certain markets which are in log term uptrend that I feel comfortable, that they will bounce back if they have a correction. Only trading US 500, Russell and GBP / EUR sometimes FTSE 100 but feel safer with US. Would hold for most events more than happy to wait out 10 - 15% market corrections, plus I will get better price points on the way down, as saving trades for when I am wrong. Need to have discipline to stop when you have just up all your ammo / trades and know you are pushing your balance. Then to not trade until corrected and you are able to do again, longest I haven't traded so far is about 2 months. Name of the game I am playing is to leave this as a bet you have enough balance that when it goes wrong you can hold and not take a drawdown and leave until back in profit, so trading within your account and saving ammo/trades when it goes down, don't want to put on too soon, so need to be down minimum -£200 plus before I use up my next trade. Am using under half of my trades when market going up and saving the rest as back up when going down. Which was on GBP / EUR then it swung back the other way and ended up making profit, but obviously not as much as not been able to trade for that period but ended up with profit but didn't take a drawdown. Trading this way I am taking no drawdowns. Yes when I have got it wrong, like at the moment on GBP /EUR I have 5 trades on 3 are losing and 2 I have made profit on today, wont be taking other 3 off until in profit, happy to trade GBP / EUR long only whilst it is below GBP price before the Brexit vote. Happy to trade US 500 and Russell long only which will be the main one once GBP gets too high and think too risky. Demo it if its something you think may be of help to you.

I am trading long only no stops strategy on markets in uptrend, mainly USD 500 and Russell, plus GBP/EUR I have been doing this since October, recovered losses I had previously trading with stop losses and am now up 24K, I trade within my account, most important number being the balance and knowing how many trades I can put in and still hold within balance if they go against me. So I might be in trade minutes or 2 months. I save trades for when I get it wrong, for big moves down I add trades further it goes against me and then stopping when I realise I have not got enough balance to add any more trades. Would not trade gold etc with no stops but for US and currency pair with GBP am happy to do so and have been profitable with no drawdowns, only overnight interest charge which is minimal. My strategy is build bank take out initial funds so trading with markets money, flaw in my system is when trend changes but would hold for most events apart from the most serious and obviously trading this way have to make sure you always leave enough balance for 10 - 15% down spikes. When trend changes my bank will go down but will still be up. Tried trading with stops lost money, this way makes money for me. Stops works for the professionals but I am not a professional, for me this is an easier more profitable way to trade and am making 3K a month which I am very happy about and will make more the more my account grows.

By the way if its a system you want to demo or try, I trade US 500 and Russell Long only, with no stops, I would not trade with no stops for gold, oil etc but am happy to do it on US indices as nothing recovers as quickly as US markets, so if I am wrong i just hold it until it goes in profit again, when I am wrong I wait until market recovers, so sometimes when market has gone against me I have to wait 4 -8 weeks before it recovers but this way means no drawdowns only overnight currency charge which is minima. You need to trade wihin your accoutn to do this as you need to make sure your balance is big enough when you get it wrong. You could try it on IG demo account to see if it worked for you.

Yes your balance needs to be above 0, that's your most important number don't fall into the trap of thinking if its above 0 you can put trades on, you can but your balance needs to be big enough that if they go against you, you are still above 0, if not you get messgage from IG to add funds to your account or IG will take you out of trades, so if you had a trade you wanted to keep on it would now be taken out as a loss as funds in balance are in minus. You need a big enough number left in the balance column that if your trades go against you you can still hold if you want to.

Wasn't in AMC or Gamestop but got the message on my account, that IG were manipulating market to sells only, was truly disgusted, under the guise of market volatility! Yeah right they have coped with Financial Crash, surprise US elections, Brexit results etc. My suspicion would be someone very important at IG, so board member had an interest with a hedge fund that was short. Would like IG at the very least to advise if any board members were short or had any financial connection to hedge funds that did. IG silence is deafening were not idiots and know when we are being sold BS! No ones buying their original statement.