Hi - that is essentially due to it being a future. Today was the last day of the June future.
The September one is essentially the guestimate of what the FTSE could be in September. As we get closer, the live FTSE price will start to align to the September one.
Thanks thatās helpful. Itās just annoying because so far I could monitor in so many ways seeing the prices everywhere and now Iām 50 points lower when I was looking forward to getting close to 300 again! Theyāve been pretty much the same price so far so itās a bit of a bummer.
Also the fact that the app now shows a 1000 point loss in the red for today when weāre actually up isnāt very helpful to ones state of mind from a psychological standpoint. This stressful enough as is!
From my discussion with them on the forum and chat, there was nothing wrong and it is due to ālow liquidityā. I have been told it is a loss and no money back. I donāt think they are investigating.
The difference is price is adjusted for so that isnāt an issue
My issue is that when I look at my trades. even on low spread Iām showing losses, so how can I know when to close the trade. Normally when something is rolled over and even adjusted you can still see where you need to close a trade rather than it being way out.
@ABtrade Itās neutral & added to the position result. If you bought 1 quantity at $2 & the next contract price is $3, weāll subtract -$1 from the result to nullify/neutralize the difference between the contracts.
If the next contractās price was $1, weād add +$1 to your open p/l in order to nullify the difference. Thatās why you see a purchase price of $1, current price of $3 but still not profitable.
@david I get the calculations and the adjustments applied but the numbers donāt align with the charts. How am I supposed to know when to close a trade and how much profit/loss is made when they donāt align with the charts visually. Itās a guessing game.
@tradedemon Unfortunately, thereās no perfect way to do this. Another option is taking the funds straight out of your account balance which also has its negatives as youāll think youāve made a profit & close the position but afterward see that nothingās actually happened profit/loss-wise.
@David Hmmm first time Iāve experienced such a massive disconnect, seems like rolling with futures contracts is more tempremental than when we went off spots (even if futures does save us on costs like dividends and interest).
Is there no way to rollover at a time where the disconnect is less and more aligned with the spots.
I have to say that this also drives me crazy! Both the fact that the indicators are totally off (showing massive gains or losses because thereās several years missing in between) but also the fact that I canāt see trends and historical comparisons to the last two years is very irritating. How about an option to at least be able to see the spot index for a future, and always wipe the āhistoricalā data for the futures so they start when the rollover happened? Of course the best would be if the whole experience was more akin to what we had before you switched to futures - Iām really not very happy with the current situation.