GBP Flash crash

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  • #34395 quote
    Seemore Profit
    Participant
    Junior

    Hi all.

    In market conditions like that you can honestly get filled anywhere. IG guaranteed stops are really worth their weight in gold if you can use them. Most markets you only have to pay a tick.

    Other ways to protect yourself is out the money options as a hedge.

    Ive traded direct with the exchanges and the fills you can get on stop over volatile periods can be horrific and seem them wipe peoples trading accounts out. And they can bust trades. They dont offer guaranteed stops.

    Be aware of the news and whats going on, any tech trader who says news is priced in, show him your IG fills, as its just as bad in the underlying market.

    Jamie

    #34573 quote
    Eric
    Participant
    Master

    but when can we use guaranteed stops in proorder?

    never?

    #34589 quote
    Nicolas
    Keymaster
    Master

    but when can we use guaranteed stops in proorder?

    I heard months ago that it will be possible.. but I don’t know when. Remember that it is an IG feature. I’ll try to get more information on this, hold on 🙂

    Eric and Elsborgtrading thanked this post
    #34591 quote
    David
    Participant
    Veteran

    I’m not the type of person that likes to use overused terms but if Guaranteed Stops can be placed via PRT systems that would be a serious Game Changer. I’m not aware of other platforms that have this option.

    #34610 quote
    Seemore Profit
    Participant
    Junior

    I use IG, and edit my stop order to guaranteed via their platform. Hopefully will be available on PRT soon, if you use a broker that offers them.

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GBP Flash crash


General Trading: Market Analysis & Manual Trading

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grizzly @grizzly09 Participant
Summary

This topic contains 19 replies,
has 8 voices, and was last updated by Seemore Profit
8 years, 9 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 10/11/2016
Status: Active
Attachments: No files
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