Index Spread Betting

[top trader]

closed for £55.

hogfish. i am going out now so reply you on monday
have a good weekend to all.

 

[tar]

Hi there, Any one using Capitalspreads. I went short on the FTSE100 and put my stop loss eleven points above the price. Ftse went up 10 points afterwards and i got kicked out just before it retraced in my predicted direction . I called them to ask why and they told me its because of their one pip spread. Is this standard practice with sb firms to close your positions when price is just a pip away from your stop loss or was this just a rip off.

Thanks.

It gone up 10 points this mean the ask price reached your stop loss point , its ok to be stopped out , but if the ask price didnt reach your point it is not ok .

http://www.trade2win.com/boards/spread-betting/16595-capital-spreads-439.html#post468358

 

[top trader]

good morning

long DAX at 6381, £5/point.

 

[top trader]

It gone up 10 points this mean the ask price reached your stop loss point , its ok to be stopped out , but if the ask price didnt reach your point it is not ok .

http://www.trade2win.com/boards/spread-betting/16595-capital-spreads-439.html#post468358

all s/b do it.
market is so volatile there is over 90% chances of your trade taken out with a very narrow stop/loss.

the best thing to do is to trade small with wider stop/loss.

good luck

 

[hogfish]

Hi e-trader as I understand it their spread can be thought of as a price envelope around the real level of the market (or quote, if there isn't an underlying market). If their spread envelope touches your stop then you are history. It's a bid/offer thing.
Apologies to Top Trader for posting in his thread.

Mike

 

[top trader]

DAX closed for +24.5 points,£122.5.
pot value £7394, happy with £100/day.

 

[top trader]

long DAX at 6388, £5/point.

 

[top trader]

missed to close at 6399

 

[top trader]

closed at 6409 for £105.

 

[top trader]

long DOW, JUST £!/POINT at 11304, to keep me alert.

 

[top trader]

fiver on DAX at 6387, long.

 

[top trader]

forgot to put a stop/loss.
dow closed just for -£44 and DAX +£15, was once down over £650.

 

[top trader]

long BP. AT 510.5p, £20/point, stop at - 10%

 

[top trader]

good morning
no trade yesterday.
closed BP LONG for £240.
pot value £7710.

was thinking of LLOYDS at 294p but decided not to chase.

 

[top trader]

long BT, bit risky today after bad results, at 174.6p, £50/point

 

[Trading2k]

Just reading through your thread, very impressive reading. Well done on your trades, not only have you mastered protecting your capital but you seem to have a good handle on equities and indices. I hope you continue doing well and reach your target. Now if only I could follow your example.

 

[top trader]

bt closed at 176.3p

 

[top trader]

Just reading through your thread, very impressive reading. Well done on your trades, not only have you mastered protecting your capital but you seem to have a good handle on equities and indices. I hope you continue doing well and reach your target. Now if only I could follow your example.

hope so, i could have done much better but then trying not to over trade, most common mistake all spreadbetter do, including me.

 

[top trader]

trading pot is worth now at £7785 after nearly 6 weeks.
may not be able to perform as good in future but will try not to loose much hopefully.
few IMPORTANT figures coming today and tomorrow so will not NOW rush to trade anything but knowing me there is always something to trade.

 

[top trader]

long BT at 173.4p, £70/point