HOW CAN TAKING TIME TO CLOSE A TRADE TURN INTO A LOSS
WHAT!!!!!!!
LET ME EXPLAIN
I AM 10 POINTS UP AT 10 PER POINT ON A SHORT
I DECIDE TO EXIT
I CLICK THE OPEN POSITION BOX
I CLICK BUY
3 YEARS LATER THE TRADE IS ACCEPTED AT -10 POINTS aND £100 IS DEBITED FROM MY ACCOUNT
THAT IS HOW A WINNING TRADE TURNS INTO A LOOSING TRADE
PRATT!!!
I would say in CS defense that trades have today been taking 30-45 seconds to fill but certainly not 3 minutes. Also I have been filled at the price clicked.
If I have clicked to sell at 39 I have NEVER EVER been filled at 29 because the platform was slow. The trade has either been rejected or filled at the price clicked not at a price they choose.
If your trades are rejected at the price you choose to exit/enter that's a whole different story.
However, trying to take a balanced rational view, I have had trades rejected that could have been winners and trades rejected that could have been losers.
EG. I tried to sell FTSE at 39 and got rejected, when I checked the price it had actually moved up hard against me so was thankful that the trade had been rejected.
I think that some who spread bet feel that SB firms are out to get them. Really with rational caps on this isn't true. If you're Spread betting at a few quid a point I don't see why a SB firm are going to skew their prices to take you out, it doesn't make sense.
They might put you on Dealer referal but that again is a different story.
Anyways, SB has it's advantages and disadvantages and it does bring a smile when I read stories of how SB firms are "out to get" individuals because there £5 a point (or less) trades are winning.
If you want a really bad SB firm try world spreads !
PS...I've had a few beers not sure if this makes much sense.