hi,
When my positions will close will i save my benefits ? they will remain the same or decrease because leverage change ?
@Hum8Bit there is no reason on any day to close a profitable position. But at one point you need to close it to get the profit right?
I was only asking why accept the risk of something that might go down by a lot when you have a nice profit and you can lock that it.
It was an honest question just so I educate myself better on what others are doing so that I can improve myself
simple math:
with Ā£100 you could have bought Ā£500 worth. 1:5
now with the change with Ā£100 you can buy only Ā£200 worth. 1:2
This applies to your existing position also.
example1 Positive balance: with Ā£100 you bought Ā£500 worth, current total value is Ā£500 or more-you are fine, you wont lose any money if they close out. if you want to maintain your position, you need to top up/add Ā£150.
example2: Negative balance with with Ā£100 you bought Ā£500 worth, current total value is Ā£400. To maintain your position you need to add Ā£250 assuming the it is not going to negative anymore.
Hope my understanding is correct.
Anyone else unable to trade at the moment? Usually these stocks are already open and according to the time sheet, they should be open already?
@dragosMLT Sorry, didnāt mean to respond this to you. Pressed the wrong respond button
27th of November is not a normal trading day as per the notification you should have received a couple of days ago: āno pre and post market tradingā
Oh shit, no way, missed that oneā¦ crapā¦ so people with US trades who donāt have enough money in their accounts are literally screwed because of T212ās decision then? Unless they add money?
We basically have 1hour of trading before the change comes into effect or yes add more money to our account.
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Wow this thread is quite something 
What this situation has definitely exposed is the majority of CFD users have no idea what they are trading. Worrying to see people posting screenshots of accounts loaded up with Ā£Ā£Ā£Ā£Ā£ then asking if a leverage change decreases their profit 
Edit: also scary the amount of people using CFD for long-term investments
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No itās not.
With CFD, if you buy 1 share for Ā£1000 you will need to put up Ā£200 of your own money. Later today that will change to Ā£500.
That is all thatās changing here.
Use this calculator kindly provided or do the maths yourself if you can. Will tell you what new margin requirement (blocked funds) is - you need to make sure that is available in free funds at a minimum.
If you are unable to do this you do not āloseā profit. What will happen is 212 force close out your positions for whatever the running profit or loss is. If you want them to stay open, follow my first paragraph.
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Trading 212 is allowed to change margin requirements when they require and if people understood the basics of trading CFDs you wouldnāt have a problem calculating how much margin you require when it changes to 1/2 leverage. I feel like people have jumped on the band wagon and tried to make āquick moneyā without understanding how the core mechanics of CFD trading.
On the otherhand, is 24 hours enough and reasonable time? Maybe, maybe not.
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It is unbelievable, no wonder why 80% of people lose money regularlyā¦
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Yeah, really weird how beginning traders donāt know all the ins and outs yet and may need help from experienced tradersā¦ Which is what a forum is for. Also, not everyone is a native English speaker, like me, and I just didnāt know how to read T212ās push message.
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Things will only close if you donāt have enough money to cover the margin.
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No issue with beginners needing help. But personally if I was a beginner with the level of knowledge of some of the people asking questions on this thread, Iād be in a practice account - not sitting with Ā£15k worth of CFD positions.
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@David @Tony.V Can you please explain how long it will take until the leverage will be reset to 1:5?
Itās ok, if this had happened when I first started trading CFDs Iād have been worried and would have wanted some clarification.
Donāt feed the trolls 
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