swedendenmark
Junior member
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If you look at the history records you should be able to see if they closed your position and the price you paid. I guess you are trading CFDs? I do not trade live with CMC, some market makers do close overnight position and open them in the morning again. In your case it might be Sunday evening Swedish local time (you have to look up when the start trading your currency pair). Sorry, but 10k in a position and an unexpected small move against you with a gap in the market, could wipe out your entire account, and even put you in a position where you own the company you trade with a lot of money.
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"Take control with Risk & Money Management"
Planning, Risk & Money Management
Hi,
Thanks so much for your reply. Yes, I am trading CFDs. Well, I have checked my history records, and it is not closed. Last position was this EURCHF position I took yesterday and it clearly shows so in the history. CMC does do the rolling on weekdays, but it's for the first time I had a open position on weekend, so I have no clue how they handle it.
Well, If the market falls to 1.2 from curently level of 1.2163, very unlikely though, I lose 173 $, which I can absorb. But, yes, what you are saying does make sense. As someone mentioned on the other page that 100 pips stop is something they might do in anticipation of gap in the market. May be they don't want a situation where I owe them money, so they just temporarily "closed" position at 1.2063 as a precautionary measure only to open it on Sunday night, and this 100 pip loss roughly translates to 102$ loss, which they subtracted from equity to ensure that this money is "not free". I can clearly see that I am still in position because "Total Margin: 32.33$", which is 0.25% of 10k.
Let's see tomorrow. Happy new year to you.