The "a priori" of trading is risk and liquidity. You are ignoring both.
The solution for final stop placement is usually to stay outside of normal fluctuation. If this type of thing is "normal" and you cannot withstand such wide stop placement, then this business is not for you.
Placing a stop too close to market reveals you as weak hands and scared. Scared traders never win.
Not sure what your point is.
I would say SB definitely do not move prices to trigger stop losses. And I would say if you are concerned with a ￡59 loss you shouldn't be in this game. Traders, especially beginners, will always try and blame someone else rather than themselves.
Ok I am trading with CMC markets, and at about 15:10 the FTSE 100 went absolutely mad.
The 30 second candlestick goes from a start of 6,610.... and within the 30 seconds has hit 6,677! It then moves back down to where it was, but that doesnt help me, as my stop loss was set to ￡10 loss, instead I got a loss of ￡59!!! (set at ￡1 a point)
I have heard that some spread betting companies like to trigger stop losses in this way, they will spike the price up and then down without anyone suspecting that it is the company moving the price and not the market, but this one seems too obvious for it to be the company doing it.
Did anyone else see the massive 30 second price spike or was it just me? And are spread betting companies this evil??
