Apologies if this has been covered elsewhere but I couldn't find a thread addressing this.
I've only really traded shares. I'm looking at trading CFDs. How do others manage the fact that the quoted CFD price of a stock is different to the underlying price? Let's say I want to buy MBL. Let's assume it has an underlying price of 75 and I want to place a stop at 73 (using, as an example, a protective stop of 2ATR where ATR=$1). If the CFD quoted price is 75.09, how do I recalculate? How do I set my stop? I'm concerned that I can't properly follow price action.