www.flybe.com

Have a look at the first trade this morning i was stopped out at 112.77 , what the fuck are they playing at bid 113 offer 117 UT trade

Aldwickk, check with your broker as you can't have been stopped out at 112.77. The prices at the opening and close on Moneyam live streaming are sometimes all over the place!
The bid price is now 117p and offer price 117.75p.

alders - If spread bet you are learning the hard way unless you put in wider stops especially trading small caps.

I phoned IG index , it was a crossover trade at auction ,have a look at the first 2 trades this morning bid price 113, my stop was 113 [ 112.77 ] these trades are before and after hours, am mad as hell about it

chris

the stop was at 2% [ 113 ] , what i could have done is near to the close put my stop at say 5%

i'm afraid this is always the problem with stops

alders - Far to tight, look at support 100p (ish) should it tank. Resistance 126p.

aldwickk - welcome to the world of spread betting!

Its easier to not have stops in overnight, as the SBers will take any opportunity to stop you - don't forget that they are your market. and so it is their quoted B/O that count - risky with a tight stop during the opening, closing and witching auctions.

Skinny

It was the same on the moneyam streaming trades, first quote of the morning 8.06 am

The auction uncrossed @113 - which I assume IG would have closed @112.71 on their bid.

1 116.05 417 O 113.25 116.75 08:00:17 417
0 113.0 61 UT 116.0 116.5 08:00:06 61




As I said above - I find it more practical to not have a close stop during opening/closing/option auctions - you have to remember that at the end of the day, the SB companies are really just glorified bookies.

Skinnny

What if a company issues very bad news with a 6.30 am RNS and you haven't a stop ?

Would it be best if i edited the stop just before the close say from 5% to 10%

The RNS would be @7am not 6.30 - and its like any trade - SB or other - its down to your personal risk appetite, but if it was a bad RNS there is no guarantee that your stop would work (unless it is a guaranteed stop).

If a share closed @100p and your stop was @90p, but an unexpected RNS caused it to spike to 80p on opening - that is where your SB is likely to be stopped!

IG as said they have now lowed their guaranteed stops charge

alders - This probably sounds crazy to you, before you place your next trade don't concentrate on how much you are going to make profit wise, decide how much you are prepared to lose. In other words if the trade went pear shaped just how far are you prepared to let it drop before you get out. Just below support does it for me.

So looking at Flyb chart 100p.

Target - 1st target 130p resistance

Entry - I don't know what price you entered the trade yesterday, let's say 115p

Risk/Reward - For me I don't like the above odds - Evens.

This sounds very simplistic I know but it is the bottom line.

Now if you think Flyb will break resistance and go higher great get back in as long as you are prepared to lose 15 pips.

This is the only way you can learn to spread bet, get to know the share your trading. Keep the mindset how much am I prepared to lose rather than how much am I going to win.

Some interesting info on spread betting there. I don't spread bet, I'm just a boring investor who buys shares and pays for them, then hopefully/eventually I stick a bit of profit into my bank account. The only thing I bet on is the occasional golf tournament!

Nice chart Chris.:-)

db - Most give up after blowing their pots a couple of times. It's only with experience that i have learned not to lose too much :0) Never stop learning. I enjoy it as a hobby.

I bought in @116 yesterday , i have always been more concerned about how much i could lose ,that's why the stop was tight

alders - Yes I get that, so you are trading on fear. Charts are necessary to determine entry and exit points mate the sooner you at least attempt to learn how to read them the better. Nobody can tell you what to do imo alders you will have to go through the pain yourself :0)

"I stick a bit of profit into my bank account"

What is this 'profit'? :-)