I use mainly limit order to enter my trades. So I may have 20/30 sitting limit orders in case we have a gap down and so I get triggered in at a good price. But I always make sure just in case of a market-wide drop I am well covered if “all” my pending limit order where triggered at the same time. So I have approximately 60% in cash even if all my order were triggered.
I see in my trading platform it says I have 86.7% free funds and Blocked for pending orders £517. Can anyone explain the…" Blocked for pending orders £517"… statement? Thanks in advance for any help offered…
Apparently you cannot make limit orders unless having sufficient capital, aka system actually check for all limits if you have enough of capital , it is even using current price vs the limit price. So according to t212 it is not possible to create limits without sufficient funds for each and every limit set.
Not sure what blocked fund refers to, I have around 2 limit per portfolio stock set aka 60ish. But no blocked funds.
I have seen this reference in past but I believe it was mostly for market orders in wait of execution…
Thanks again Vedran for the insight, you’re my “go-to” helpline I think what you said makes sense because I had a market order sitting not accepted on CRUD (wisdom WTI oil) it was hanging to be processed for over 20mins and it was during this time I saw the… “Blocked for pending orders £517”… but once I cancelled this market order this notification disappeared. I was sure my 20+ limit orders would be OK since I had them well covered with 50+% extra just in case.
I’m trying to find out why the CRUD market order was not accepted though? Again I am grateful for your help…
And a final follow up in case anyone comes up against a similar issue. The german exchange is now back operational and then on T212 I was able to use and buy at the market price. So not T212 fault it was an wxchange issue…
Hi SiverPuma, do you think that the etf WTI Wisdom tree follow exactly the wti oil market. I would like to invest in oil but I’m new in trading212 and stock market in general…
I had some searching to do to find this CRUD as a close (near enought for me anyhow) mirror of US Oil (WTI) prices and it was a helpful guy on this forum who told me about this instrument so heads up to him, Boolq I think was his name. Anyhow it works for me but you need to do your own checking the only thing I would say is Oil can be a wild ride so don’t bet the house just a small %
Anyhow here is a chart with CRUD on it and the green line is the Futures (CL) price so as you can see it follows fairly close. hope this helps and remember be carful and wise and safe
Hi Silver. Sorry I’m a complete beginner in trading (but I work in petroleum and follow the industry, quite closing so I’m interested to invest some money on this asset in this hystoric period). What’s this chart? I guess that CRUD is not Wisdom tree…correct? And what’s CL? I search for them on Trading212 but couldn’t find anything. I’m just looking for an easy instrument that mirror the crude oil WTI price for investing a bunch of money…
Sorry for not being clear, my wife says I’m good at that!!! Ok, I used CL (which is the futures contract symbol for WTI US Oil as a reference for the normal market price for WTI oil) so the green live shows the main price you would see on the news etc and the candles in the chart are the Wisdom Tree oil. So you can see that the T212 Wisdom Tree Oil copies the movement of WTI OIL very closly. I was in your exact postion just looking on T212 to copy the price of WTI oil and I am happy Widom Tree Oil does this. Just be careful of the spread (the difference between the bid and ask) price.
No problem! Thank you for the clarification. Regarding the spread, my idea is to play a long game. I was thinking to buy now and sell when oil will be back at a decent price…when? I have no idea, but for sure I fell confident that it will go back to at least 40s or higher…maybe it will take 1 year or more with a lot of turbulces btw…In this case the spread shoud be a minimal thing to consider…what do you think?
Yes mmaatt78, I’m inclined to agree with your thoughts and the spread for me yesterday (Tues) was only 5 so in the long term, not a problem. I’m in this oil trade myself for the longer-term, months maybe years. So having the time to be patient I allocated an overall % of my portfolio to this oil postion and bought 25% of this today @ 3.41 with another limit buy order @ 2.51 for another 25% just in case oil has a fast drop and I’m not at my computer and if it drops even further I’m buying another 25% then, so averaging down (or can be called dollar-cost averaging) .
If I was trading in the shorter timeframes like I do with forex I never average down and instead use a stop loss and if I’m wrong i just take the loss but then in those shorter time frame trades I’ll risk only 0.5% of my trading capital per trade. But in these month/years investing positions I’m patient as I expect some more ups and downs in the oil price. The disadvantage to averaging down is if the oil price takes off and never looks back I will only have 25% of my intended overall position size to take advantage of. But no one knows the future so I’m at ease with that…I probably went on too long if you are just starting out, look after your risk first and the profits will look after themselves. Keep learning and make your own decisions never put too much weight in other ideas, (mine included) test them out for yourself enjoy the journey.
Thank’s for your reply Silver. My only hope/fear is about the reliability of Trading212 . I don’t know this platform, in general I like its software (it’s sufficiently simple) but sending my money them make me a bit nervous…so I’m still loosing time with the phase “to send or not to send…this is the problem”
Well, it’s a good thing to be cautious in these times and you must make these important decisions using your own due diligence. For me when I saw they were covered by the Gov £85,000 protection and the FCA see here all look fine in my opinion, but again check this out for yourself. The link I shared is public knowledge. Oil is lower today…hope this helps
mmaatt78, you probably realised this yourself, but the Wisdom WTI share price is in Euros not GBP so if you do buy some shares the contract note statement from T212 you get the next day detailing your transaction will have different buy figures as the note will use GBP and not Euro. All this makes no real difference but it did throw me for a minute untill I realised the currency conversion…
Hi Silver, thank you for the clarification but I’m from Italy therefore the price I see Wisdom WTI should be the price I buy, correct? At the end I decided and this morning have deposited some money by bank transfer…I hope money will arrive trading212 tomorrow…fingers crossed!
Hi Silver, can please you clarify me this: is in your opinion the etf Wisdom tree subjected to the contango? I’m not an expert in oil trading but I hear that some etf, as the USO “United States Oil Fund” are only for short position because subjected to contago devaluation. There is an article about this fund on an italian newspaper, I don’t know if Google Translation does a decent job in translating it in english:
Hi mmaatt78, I read this article Marketwatch about this very issue. To be honest I’m no expert either and often there is so much misinformation I usually go with the technicals on the chart. So I read the article and the contango info. In the end after consideration, for me, since I’m in this trade for 1-5 years I’ll be adding to my position as it drops even further I have an order sitting at 2100. It may never go that low we will see. I’m in no rush. But it seems a reasonable possibility (no guarantee) that in the months/ years to come WTI will make a recovery and there may be a modest profit. Its not an exact science and I could be wrong that’s why I only allocate a small percentage to any position. Stay safe and look after your risk as this is what we have control over in these volatile times…
Hi Silver, thank you for the reply. I agree with you. Being not an expert, I studied the chart and did some simulations btw WTI price and Wisdom tree WTI price…it seems that the price move enought in parallel for me. There is a simulation engine on wisdom tree website, where you simulate an investiment of 10K€ in a period of time that you can set as you want by adding the initial and the final date. I calculated to invest 10K in Wisdom and then I did the math as if I had invested 10K in WTI: there was some discrepancy at the end but not too big and they might be justified by the fact that WTI is in USD while Wisdom is in Euro (so Wisdom is also subjected to the Eur/USD fluctation).
I think what you said makes sense because I had a market order sitting not accepted on CRUD (wisdom WTI oil) it was hanging to be processed for over 20mins and it was during this time I saw the… “Blocked for pending orders £517”… but once I cancelled this market order this notification disappeared. I was sure my 20+ limit orders would be OK since I had them well covered with 50+% extra just in case.
