Recent content by CoolerKing

I did yes - through lack of stop loss. A rookie mistake. But I was negative about £3000. The only thing that saved me was Morgan Stanley buying the stock at $38. IG only scaled back my open positions not close me completely. My point is simply if you want to leverage your own deposit...

I not saying you won't. But leverage works both ways.

No, in that case you should only place trades of such a point value that should the worst happen your total account balance will cover the loss. Unfortunately this will limit you massively. For instance you would not be able to bet on the price of copper (35,000 points) or Forex...

IG index let's you short FB stock.

What sort of positions are you holding? What platform?

Guys - I got it all back. 11.7k still down a few hundred from my total I think but a loss is better than a catastrophe. No greed, as soon as the p&l account was my previous balance I cashed out. It dropped another dollar after my limit but I have had enough swings for one weekend. I am...

Hopefully. As long as it does not jump over 42 at the opening bell today!

Thanks guys. After today I am going to start keeping a trading journal here on T2W. Maybe the collective advice of other posters would have have kept my exuberance in check. Thanks again all.

Can you go into a bit more detail. What do you mean by the parts in blue? Are you saying I might get closed out if the spread moves but the share price does not? Is it better to remove the stops?

I appreciate the honesty and you are not wrong in what you say. If you had to take a guess what would you imagine the stock opens at? I am genuinely interested in what you think...

Ross believe me I know. I was so fixated on price-watching that I completely forgot that trading was about to end. When it closed for the day I realised I was locked in. Another lesson to be learned. Don't let "your mouse finger" be your stop loss. Have it already in place! I am so f*cking...

Believe me, if I regain my capital I will hold my hands up and say it was purely luck. Several things helped me. The investment banks putting a ceiling at $38 which stopped my losses plummeting into -30k or -40k which would have happened if they did not shore up the price. IG Index only...

I disagree. I am now betting with the market instead of trying to buck it. I am still heavily exposed but I cannot fix that until Mon. Can anyone tell me what happens to a stop/limit placed during a closed market? Does the market jump it unless you pay for a guaranteed stop?

The odds reflect 55% chance of profit so there must be a spread to begin with or the OP has misread the binary odds/mechanism. I don't play binary markets but if the odds quoted are true then the spread must reduce it to 49 or 48 %.

I already admitted I made a mistake by moving into a market I had not thoroughly researched.