5 cent stops

[monte cristo]

IG markets broke my heart when they told me that there is a 10% minimum on the their guaranteed stops. I set my stops at a nickel (and no I don''t get stopped out four years of exhaustive research gets you that good) now I can't put on those 5000 share moves with these expensive ass UK stocks....maybe I should get a job as a trader but I don't have a degree (because no one can teach the psycologiacal side of trading) and i'm too broke to put on any substantial positions any suggestions?

 

[Trader333]

I have to say that I am confused by your post for the following reasons:

..... I set my stops at a nickel (and no I don''t get stopped out four years of exhaustive research gets you that good)

Sounds like you have a great trading strategy here

but then you say

......... and i'm too broke to put on any substantial positions any suggestions?

If your strategy is that good how come you are broke ?


Paul

 

[stevespray]

The 10% rule is to protect the firm from an 'optionality' play. If you could place the stop too close then you could take two positions (one long + one short) and place a tight g/teed stop which would get triggered on big gapping days (like results for example or even volatile days like we have at the moment). Of course the position which didnt get stopped would head deep into profit. It would be like having an options play without paying for the time premium.

Steve.

 

[monte cristo]

I make money....but bull**** money...if your not talking millions then your not talking money. And then the frequency of the signal is not that high.

 

[anley]

Troll.