What I am asking is
Did you get your GSLO's "Executed" when you needed them to "WORK the MOST" this time?
Salute and Bon Voyage
hangseng
26th-August-2007, 03:34 PM
Do they Work?
Did they work for you "This time?"
What I am asking is
Did you get your GSLO's "Executed" when you needed them to "WORK the MOST" this time?
Salute and Bon Voyage
Yes, being out of the market has guaranteed stop loss for me.:D
Seriously though I have only placed a few small day trades in this market and yes the GSL worked a treat on one occasion. IG Markets won't permit GSL in this market though on most stocks, just on indices.
I remain out and counting the days now for re-entry to the direct market in longs. If the DJIA reaches the dizzy heights it was before all of this started a few short weeks ago, then get ready for a severe correction or at least a rapid re-test of the recent lows.
The technical similarity to Oct '87 is clearly evident now with a head and shoulders pattern emerging and within days we will see how close it actually is to either confirm this or just to move on up in the next bull rush. I tend to believe the bears are just sharpening their claws ready to rip into the unsuspecting prey. Don't trade derivatives or any thing else without a GSL in this market, or just stay out. If you are in margin loans and in profit now, perhaps prudent to take the profit or to at least seek professional opinion from your broker on your position in this market.
Porper
26th-August-2007, 04:02 PM
IG Markets won't permit GSL in this market though on most stocks, just on indices.
I have had guaranteed stops on some mid cap stocks this past week, no problem at all with IG Markets.10% is the limit though, not 5%.Stops can be moved up along with the price while the market is open.
My tactic was to take some momentum trades and move the stop up along with price, if a nasty surprise happens, losses are minimal.
A large chunk of profits are taken with all the commision though.
Captain_Chaza
26th-August-2007, 04:29 PM
As you can see in the chart below
Last week was very diferrent from the week before!!!
I was just wondering if anybody did an Enron and turned the power off?
OR
Did anyone suffer "Internet Overload" and have their GSLO lost in cyberspace
Were your well defined Guaranteed Sell Orders Guaranteed when the sh't hit the fan the week before last?
Salute and Bon Voyage
kerosam
6th-September-2007, 08:07 PM
Hi folks,
when i open a position with a GSLO, is it common for the CFD provider to charge the GSLO fee before it is executed?
