Forced opening on IG Index
Discussion
Hi,
I know there's a few guys on here who know about IG.
Prior to asking my Broker I was wondering if on IG you can pre select points on the Index and pre set entry and exit points. So if market is at 5700 and starts falling to 5650, an automatic sell position opens but if it rallies to 5690, that position is closed. At this point the position is closed so no index short cover for my longs. However sequential to that there would be a "sell" order in place at say 5630 so if market dropped, again short cover would kick in and this position would close out if the market rallied to 5680.
Is this relevant to force open
My broker has on my portfolio been hedging out some risk manually but I was keen to learn about more, thanks
I know there's a few guys on here who know about IG.
Prior to asking my Broker I was wondering if on IG you can pre select points on the Index and pre set entry and exit points. So if market is at 5700 and starts falling to 5650, an automatic sell position opens but if it rallies to 5690, that position is closed. At this point the position is closed so no index short cover for my longs. However sequential to that there would be a "sell" order in place at say 5630 so if market dropped, again short cover would kick in and this position would close out if the market rallied to 5680.
Is this relevant to force open
My broker has on my portfolio been hedging out some risk manually but I was keen to learn about more, thanks
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