Lots of cash! Now lost for a considerable time I suspect. Not gonna be quick to get it back, if ever. Just gotta sit tight now for a year and hope I guess.
Weāre going to an emergency rollover now to the next contract is this one is basically iliquid.
How does this work then David? And when will it happen?
@David
can you explain me, please, short position rollover calculation:
How to calculate short position rollover (for example if the current contract is 10$, and following contract 20$)?
Can I close the position before the rollover?
@David
Please, inform us about the exact time of rollover, before doing the rollover.
We will do our best to make it happen in the next hour. Please, remember that the rollover itself is net neutral, no one will either lose or profit.
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Hi
My trading tool has been suspended. When I want to purchase stock, I get the following response āYou cannot have more than 0 open positionsā.
I have sent 4 emails to the INFO mail and NO response.
Need urgent assistanceā¦
once you completes the rollover and if the price is still sinking to lower, I guess anyone who does longing shall be suggested to close their positions as today we have experienced a 99% plunge and new contract may in theory have another 99% plungeā¦
@David
I am not able to open a new short / Sell position on Oil19May
ā¦ need assistance!
I have only 2 positions with a total of 2000 barrels
Hello
Last day, Iāve opened oil contract $5 a barrel (buy),ā¦ and today morning i can see the contract closed with huge loss!!!
can someone please explain me what is going on???
Iāve tried to get in touch with 212 customer service but no one answering and live chat is not working!!!
Well price dropped substantially after 5$(was -40$ at 1 point), my guess is your funds were not enough to cover the margin thus got closedā¦
But officials will react anytime soon 
Plus check:
The price didnt jump to 19$ , there was contract rollover
Thank you for your reply, my funds was enough and even i have received message from 212 says Your position with oil -21Apr20 have been rolled over!!
so i dont understand i went to the position when it was $5 and the new contract price today was around $25 !!! so i was expecting load of profit 
Iām new to CFD, but it doesnāt make sense to meā¦
Read about contract rolloverā¦
Dont invest real money without educating yourselfā¦
Thank you, it was a big lesson for meā¦ As i understand, rollover works opposite !
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Hey guys, quick dumb question
Say I short(sell) 1x future contract of Oil20Apr at 2 USD right before it expires and then the contract rolls over when it expires to Oil20May which opens at 20 USD.
Does that mean, when my short position rolls over it gains a profit of 18 USD (20-2)?
Iām no expert but have learnt a lot in the last week. The answer to this is a definate no! Essentially youāll be in exactly same profit/loss position as you were the moment the contract expires. A ācorrectionā is applied to your position when the contract rolls over. All the profit/loss is then taken from the new contract price (in your example $20).
I probably havenāt explained this very well, but the simple answer to your question is no.
Good luck. Oil is tough right now Iāve found. Made some huge losses on the April contract.
Essentially youāll be in exactly same profit/loss position as you were the moment the contract expires. A ācorrectionā is applied to your position when the contract rolls over. All the profit/loss is then taken from the new contract price (in your example $20).
Well, assuming my change in position was unaffected (0$ between open and close price) at the time Oil20Apr expires, when the correction gets applied to the Oil20May at an open price of 20 - It would show a profit of 18 USD. So, the question is - is it an actual profit? Meaning, if i were to close the position would I gain 18 USD from closing or would I gain 0 USD as the difference between my open and close on the previous future Oil20Apr was 0 USD?
Youād gain $0 I believe. What probably happens is you gain $18 and then itās taken away as the correction. Like I said. Iām no expert. So please check.
However, I think if it was this easy everyone would have bought once the price dropped below $20 on the previous contract just to sell as soon as it rolled over. Doesnāt work like that.
Youād gain $0 I believe. What probably happens is you gain $18 and then itās taken away as the correction. Like I said. Iām no expert. So please check.
If thatās the case, then why display the correction when in reality it has no effect? Why not just show the actual difference between open and close position on the previous future at expiration when the position gets rolled over to the next future?
Not sure on that one. Sorry I canāt be of more help.