Recent content by Trader333

This must have been known in advance and based on that you should have been given notice so that you could do as you described in your first post.

Even though you may not be using a conventional trading approach, algorithmic trading still requires a program as to when to enter and exit a trade so what will determine the trigger for it to do so ?

Did you ask why they did this and if so what was the reason given ?

The first lesson to learn here is to "never try and catch a falling knife" and there will have been good reasons why price had dropped so much to start with. Those with inside knowledge (that most retail traders never get access to) will have got out for a reason. It is also worth noting an...

Have you got time stamped proof of how far away the price was from the underlying market and the time at which your trades were closed ? They may also try using a "volatility" argument for supposedly widening the spread to a much higher level than normal. It is worth checking the T&C for that...

Unfortunately, because you used a SB company they can quote whatever price they want for any market and have no obligation to quote a price that is close to the actual market. This whole issue comes up again and again that SB companies deliberately quote a price to make their clients lose money...

Was this with a Spreadbetting company and if so which one ?

Which Spreadbet Company is quoting that ?

What instrument are you trading ?

All "trading" within a stock and shares ISA is exempt from tax. However, you are limited in how much cash can be put in each year which is currently £20K. I have not heard of anyone who has been able to successfully day-trade inside an ISA so it is dependent on what type of trading you are...

What makes you think that someone else has a solution ?

There will be countless vendors offering "black box" solutions to your "supposed" trading needs. However, (in my view) none of them work on a consistent basis with most having curve fitted past results to show profits which then fail to perform into the future. You would have paid for something...

The original post was made 16 years ago and Pitbull has not visited this site since 2020 so you may not get an answer.

The London open is 8am GMT so if that is the case then are you trading at midnight your time and if so how long before you go to bed ? Also what charting package are you using ?

Looking at the "supposed performance" of this stratgey it is showing 1944 trades over a 12 month time frame. Taking into consideration that there are around 20 trading days a month then the average number of trades per day is 1944/(12 x 20) = 8 per day which is significant. Many years ago I...