Details are here https://www.ig.com/en/help-and-supp...ght-funding-charged-and-how-is-it-calculated-. I haven't done any sort of comparison of it with other options.
Stock market dealing
- Thread starter Justin Passing
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Reminder - daily premarket list - all free!
https://qrco.de/WATCHLIST
https://qrco.de/WATCHLIST
Good day on the gold for me
Lost £900 with a stop loss, but then realised that gold was bouncing up and down around the same value so just looked for 1-2% profits on a £30k pot. Dabbled with a couple of shorts but given that gold is generally rising in the long term I figured that placing buys and waiting was a safer strategy.
Lost £900 with a stop loss, but then realised that gold was bouncing up and down around the same value so just looked for 1-2% profits on a £30k pot. Dabbled with a couple of shorts but given that gold is generally rising in the long term I figured that placing buys and waiting was a safer strategy.
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One is very useful for a mildly intelligent person to make money, the other isn't.
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Gold is a law to itself. Nobody knows, there's no company behind it. You're playing with razor blades.
You have to be sittng there.
That's what I've been banging on about for a year - go with the trend.
But look - If you'd gone long at yelloww and missed the drop, you could have held for 5 days and got your money back.
Meanwhile, gold was 50 down, which at x20 means holding the bag a grand down.
If you'd got caught at orange, that's about 80 x 20 = 1600 down, maybe for months?? Gold did a big U structure called a cup and handle, which took from 2012 to now, to get back to the level it was. Meanwhile the swap rate is charging you credit card rates all the time...
I bought some gold on the 3x ETF at about the orange and did a hodl. (hold on for dear life). I had to give up on it.
That's where you must have yor own RULES. A 5% drop or whatever, you MUST close. The price could always drop a couple of those long candles in one go. It would only take a Trumpfart. You must work out your "out" before you place the trade, and put your SL there.
Gold isn't like say coffee, where people will say they can't sell the drink at a certain price so it has to stop rising.
This was this morning (25th feb is the coffee contract date)
I clocked it and clicked witout thinking a lot, should have used 100x as much! I was doing some correspondence.
You can see the LEVEL from 29 November, You can expect the price to go back to the same level, ish. Gold wouldn't have been as reliable.
I thought of using it as an illustration here.. I looked atthe candles, there was no sigb of slowing, s it ahd a little way to go at least.
Sat through a couple of small reversals:
When it turned a bit later at 325 I thought it was far enough, and I'd fnished writing my letter, so closed and went for a coffee.
As it happened it went on up - I could have used a trailing stop, but nobody ever went bust taking a profit.
Got back from my morning lecture on galaxy formation which is part of the MSc in theoretical physics which I'm doing, and decided to give this a go, this afternoon. I figured that you can't just follow the premarket movers because that would be too easy, if you could just do that someone would have written a computer program to do it. But the stocks highlighted in the ttv email are things that are likely to move. So I maintained a neutral view on whether they would go up or down and just followed indicators such as pivot points, candlestick wicks and trends, happy to go long or short.
| MarketName | ProfitAndLoss | Open level | Close level | Size | PL Amount | DateUtc | OpenDateUtc |
| Stitch Fix Inc | -£16.00 | 463 | 447 | 1 | -16 | 2024-12-10T20:40:23 | 2024-12-10T15:07:42 |
| Rocket Lab USA Inc | -£40.95 | 2365.5 | 2283.6 | 0.5 | -40.95 | 2024-12-10T20:40:21 | 2024-12-10T15:02:46 |
| Alphabet Inc - A (All Sessions) | £0.72 | 18409 | 18481 | 0.01 | 0.72 | 2024-12-10T20:40:19 | 2024-12-10T14:33:33 |
| Alphabet Inc - A (All Sessions) | £2.30 | 18458 | 18481 | 0.1 | 2.3 | 2024-12-10T20:40:19 | 2024-12-10T15:10:21 |
| Tesla Motors Inc (All Sessions) | -£50.40 | 40420 | 40672 | -0.2 | -50.4 | 2024-12-10T17:38:57 | 2024-12-10T17:14:25 |
| C3.ai Inc (All Sessions) | £127.50 | 4085 | 4340 | 0.5 | 127.5 | 2024-12-10T17:16:26 | 2024-12-10T15:54:37 |
| Tesla Motors Inc (All Sessions) | -£13.70 | 40574 | 40437 | 0.1 | -13.7 | 2024-12-10T17:13:52 | 2024-12-10T15:37:22 |
| Tesla Motors Inc (All Sessions) | £5.38 | 40152 | 40421 | 0.02 | 5.38 | 2024-12-10T17:13:34 | 2024-12-10T15:00:15 |
| MicroStrategy Inc (All Sessions) | -£10.06 | 37404 | 36398 | 0.01 | -10.06 | 2024-12-10T17:05:19 | 2024-12-10T14:57:58 |
| Meta Platforms Inc (All Sessions) | £8.54 | 62255 | 61828 | -0.02 | 8.54 | 2024-12-10T16:49:13 | 2024-12-10T15:22:12 |
| Meta Platforms Inc (All Sessions) | £9.54 | 62306 | 61829 | -0.02 | 9.54 | 2024-12-10T16:49:10 | 2024-12-10T15:12:15 |
| MicroStrategy Inc (All Sessions) | -£13.50 | 37422 | 36072 | 0.01 | -13.5 | 2024-12-10T16:31:00 | 2024-12-10T15:19:15 |
| MARA Holdings Inc (All Sessions) | -£95.20 | 2453.7 | 2358.5 | 1 | -95.2 | 2024-12-10T15:58:36 | 2024-12-10T14:47:17 |
| Oracle Corp (All Sessions) | -£61.20 | 17398 | 17653 | -0.24 | -61.2 | 2024-12-10T15:36:28 | 2024-12-10T14:59:22 |
| MicroStrategy Inc (All Sessions) | -£7.38 | 37400 | 36662 | 0.01 | -7.38 | 2024-12-10T15:29:47 | 2024-12-10T15:20:32 |
| MicroStrategy Inc (All Sessions) | -£6.80 | 37343 | 36663 | 0.01 | -6.8 | 2024-12-10T15:29:38 | 2024-12-10T15:18:20 |
| Meta Platforms Inc (All Sessions) | £4.92 | 62100 | 62346 | 0.02 | 4.92 | 2024-12-10T15:12:09 | 2024-12-10T14:37:37 |
| MongoDB Inc | -£40.60 | 31984 | 31172 | 0.05 | -40.6 | 2024-12-10T14:58:44 | 2024-12-10T14:39:46 |
| MicroStrategy Inc (All Sessions) | -£3.23 | 37115 | 37438 | -0.01 | -3.23 | 2024-12-10T14:57:53 | 2024-12-10T14:36:12 |
| MongoDB Inc | -£42.78 | 31984 | 31271 | 0.06 | -42.78 | 2024-12-10T14:53:35 | 2024-12-10T14:39:46 |
-242.9 |
Perhaps I should just leave this to the mildly intelligent - how lucky they are.
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Well that wouldn't have taken much thought....
Remarkable that it it should enter your mind that anyone would suggest it.
Oh they have
Happen your should.
That -£50 Tesla losing trade:
You waited for hours after whatever happened in the morning, after which time it wouldn't be relevant
You opened short, in the loop, when it would have been obvious that you should have opened long
and you held on to it for half an hour while you were losing fifty quid.
And you seem to think it wasn't your fault.
Relentless bonkers behavour and thinking.
It was entirely your fault, unless you passed out .
Then you displayed it. That was plain stoopid!
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