Your website is down.
Usually a Stop Loss event lasts for 10min.
If the price of the ETP reach zero (100%), the ETP is delisted and you lose the money you invested in it. More explanation here: Stop Loss Mechanism
Website is not down, it is a time-out message
Stop loss event is finished now: 3LRR | GraniteShares 3x Long Rolls-Royce Daily ETF - Investing.com
I believe he meant if HE has a 100% loss on his position, not the ETP.
Still “timing out”.
Did a tracert and it seems the packets are getting bounced around and hitting a few time-outs. I wonder if you or someone upstream of you is getting attacked.
Attached, for your tech guys anyway.
ah ok, there is 2 things… the Stop loss you can put to cut a trade on your side.
and the stop loss mechanism : Stop Loss Mechanism | GraniteShares
Ok but what happens if his position hits 100% loss? Does the position close or are the shares just worthless until the price hits his average again?
if an ETP reached 100% loss, this mean that the ETP value is zero.
In that case, it will be delisted
Hi could I ask why Rolls Royce x3 has a at one point today had a 20% difference in what it should have been.
RR dropped substantially today, the granite shares did not open until a few hours after they were ment to.
Throughout the day RR actual shares rose 10% to land at -8% down on the day.
The granite shares x3 barely moved and was -20% out.
Its now closed at RR on the day -12.57%
Granite x3 RR down -47.11 %
A substantial 10% missing…
Any clarification for your customers?
Thank you
Could i also add, today ( 25 feb) rrx3 is listed up 15% on T212 but ive actually lost money.
I dont know whats going on over at granite but it all seems a bit fishy.
Reported Up 15% but im down about 5%. The spread is completely out of whack. This needs investigating… main rolls royce shares are up 2%
Further edit - the shares now match RR for Today… its always funny how when RR goes up, the sell spread goes vast. When RR goes down you are happy to reflect this in the EPT.
We are still way off what they should be as a ratio to RR.
I do expect a slight variation in price as they allign.
But we are talking about not matching over double figure % points, in 1 day, created by flattening any upsides but allowing the dips to occur… Which is unacceptable
Id like a reason for this, ive also asked T212 to escalate this as a complaint.
Granite should not be on T212 platform if at best it is such an unstable ETP or worst, a bit fishy.
Dear @Yawt
Thanks a lot for your message and your interest about GraniteShares ETPs.
Yesterday morning, there was a “Stop Loss Event” on 3LRR (GraniteShares 3x Long Rolls Royce Daily ETP). The Stop Loss mechanism is activated on an ETP when the value of the ETP drops by -50% during a day (i.e. -16.67% drop on the underlying stock).
Please find here all the explanation about the Stop Loss mechanism: Stop Loss Mechanism
Based on your explanation for today, I think the reason is due to the compounding effect that can impact your PnL when markets are volatile. Here is the full explanation about the compounding impact: Compounding Impact
You may be interested to join a webinar on ETFStream with GraniteShares CEO
For the second time, GraniteShares won “Best ETP Provider 2022” Award from ADVFN
Is 3LRR share price correct this morning?
Normal RR price on Friday went from 92p to 99p, but at the same time period 3LRR has only moved from 0.280 to 0.296, very little. Is this right?
There was a Stop Loss event on Friday, which explains the price difference you can see today.
For more information about Stop Loss event, please visit this web page: Stop Loss Mechanism
Alright so why the -3x short and 3x long is going in minus at the same time? There must be something wrong with 3x long price.
Also why the stop loss even happened when the price was going up? Makes no sense at all.
Does not stop loss get triggered when there is a loss and not when there is a 30% upward movement on the price?
my mistake, the Stop Loss was on 3SRR not on 3LRR.
I am checking things and I will be back to you soon
Thanks Marc, we appreciate it.
Guys, I will come back to you with explanations but it is even hard for me to understand.
On Trading212, I see the following:
*On Friday 25th of March, Rolls-Royce Share price opened at 92.20 and closed at 102.00 with a big spike on the last 30min before market closing. *
This is a daily performance of +10.62% during the day.
but on Investing.com the performance displayed is not the same
+19.33%
Today Investing.com display -10.68% on RR and T212 only -0.60%
Before being able to answer you properly about ETP Tracking RR, I must understand what was the RR performance. I requested help from my colleagues.
Be sure that I will come back here with a clear explanation