Re: Quick IG Markets question
yeh when i first heard about guaranteed stops i got so excited. I thought why cant I just open 2 positions, 1 short and 1 long just before the market closes. Put a guaranteed stop at 1 point above and 1 point below both positions. It would cost 1% to open the position (including comm and the stop) and if the security moved over 1% over nite, you would make that profit. In volitile markets this looked very attractive. Unles alas my bubble was burst with the 5% distance limit.... Which I mite add I had to call IG Markets to discover because I couldnt find it anywhere else.
yeh when i first heard about guaranteed stops i got so excited. I thought why cant I just open 2 positions, 1 short and 1 long just before the market closes. Put a guaranteed stop at 1 point above and 1 point below both positions. It would cost 1% to open the position (including comm and the stop) and if the security moved over 1% over nite, you would make that profit. In volitile markets this looked very attractive. Unles alas my bubble was burst with the 5% distance limit.... Which I mite add I had to call IG Markets to discover because I couldnt find it anywhere else.