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i need a little help here, rule 12 confuses me
i will open with 2 shares, i will then close one of them
and put all i have in the other, but the nms is only 20.000 x 3=60,000 at 1p
does that mean i can only buy 600 worth at once,

you have to open with 10,000 on each of two shares

Trade Size Restriction
Your trade volume is restricted to a maximum of 3 times the normal market size for any stock. The normal market size is shown on the trade ticket.


come on some one must know the answer,
one of my two opening trades is 60.000 max at 1p=600
but you must stake 10,000, does this mean i cant buy what i wish

Hi akel,

First of all you have to validate your entry. You will do this by buying a minimum 10,000 pounds worth of shares in two different stocks. Forget everything about the market size....just buy into 2 stocks simultaneously tomorrow for between 10,000-50,000. For example, I will buy 10,000 worth in ..... and another 10,000 worth in ......You have to buy into 2 different stocks to validate your entry. This is clearly stated in the below paragraph:

"start playing the game and to validate your entry, you must open two positions (buy/short stock) in different companies, each position must be for a minimum of 10,000 and a maximum of 50,000 each".

so i can i still buy 50,000 worth on my first choice at 1p
if there is a trading limit of 60.000, which only equals 600

Yes Akel your first statement is correct....you can put 50,000 worth in your first choice at 1 pence even if there is a set trading limit which equals to just 600.

Is it the below statement that is puzzling you akel44 ????

Trade Size Restriction
Your trade volume is restricted to a maximum of 3 times the normal market size for any stock. The normal market size is shown on the trade ticket.

The market size for any stock that is referred to in the above statement is not the same normal market size as you would see in one your stocks that you trade normally in. The normal market size here refers to the amount of free cash you have to invest and depending on that you will get a quote on how many shares you can purchase.

yes thats what was puzzling me,

what i plan to do is buy millions of my first choice at 1p (50,000 worth)
buy 10,000 worth in the other (which i will then sell)
then put everything i have in credit on my first choice,
so i will have everthing riding on one company

will that be ok

Yes that will most definitely be OK Akel44.

GoodLuck.

Have a wonderful evening.

ta sue

ok, just to clarify.

You can only buy 3 times the listed NMS therefore, if you buy/sell a share which is low in price and with a small NMS you will most likely not be able to use this to validate your account.

Once you have validated your account you will still be bound by the NMS of any given stock you buy. Therefore, you can only ever buy 3 times the NMS regardless

Ian

O thankyou very much for that Ian....It wasn't as clear in the rules.

Hope you followed that Akel...re: Ian's post.

i just tried to buy 1000000@1.6p but wont work

akel,

If it is 3 times the normal NMS then you cannot do this - you can only buy/sell up to 3 times the NMS on any stock.

Ian

Ian,
BGY is not showing up for buy or sell.
Alan

Alan,

I will take a look,

Ian

Alan,

I was just able to access BGY for a trade, can you try again please?

Ian

Yep,
Working now.
Thanks Ian.
Alan

Ian - trying to buy 75000 shares in CHP and getting message - invalid deal size

It also says MAX deal size is 75,000 wheras MIN deal size is 145,986 - ie greater than the max - help please

bhunt1910 - I will get karl to take a look,

Ian

Baza,
I had that with my opening trades to validate my account. Buy shares you can buy to validate then the min deal size will drop to below the max.
Happened on a few penny shares I was trying to get.
alan