Reduction in T212 quantities

This is all something you could have posted in one post - or better yet Googled.

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Hello a maximum of 50 at the current prices is £50!
Also I just tried making a market order and I’m still getting maximum message on trying to buy 1 share… when do your changes take effect? Can you also adjust Rosslyn data tech?

Thank you for adjusting these instruments it’s very much helpful and it’s great to have such interactivity on this forum

@bmbm365 We amended the quantities for both Rosslyn Data Technologies & CPP Group, as follows:

  • CPP GROUP - max order quantity is now 20, while the max position size is 100.

  • Rosslyn Data Technologies - max order quantity is 2000, while the max position size is 10,000.

@B.E Fantastic, please could you kindly adjust (increase) the quantities for:

Blencowe Resources
Rainbow Rare Earths
First Tin plc

Want to increase my holding but cannot!
All three companies are derisked (PFS completed, great investment case for the green transition)

That would be awesome!!

@B.E looks like Nintendo went through a stock split but your max quantities and max order size didn’t.

Can you address? Max holding quantities for a company of Nintendo’s size is currently (roughly) €1600 euros, which doesn’t seem to make sense.

We’ve increased the maximum quantities for Nintendo (NTO), @Scrooge_McCodf. The maximum position size is now 200 shares, and the maximum order quantity is 50 shares.

Could you review the max holding on:
ANGS
KEFI
KOD
MKA
PREM

I’m at the limit on all but would like to invest further
Thanks

@Austinckb We increased the quantities for Angus Energy (ANGS) and Mkango Resources Ltd. (MKA) as follows:

  • Angus Energy - maximum order quantity is now 500,000, and maximum position size is 2,500,000.
  • Mkango Resources Ltd. - The maximum order quantity is now 6000, while the maximum position size is 30 000.

@JustLookingThx, we made the following adjustments:

The maximum position size with Blencowe Resources (RBW) is now 41000 shares, and the maximum order quantity is 8100 shares.

The maximum position size with Rainbow Rare Earths (RBW) is now 32500 shares, and the maximum order quantity is 6500 shares.

Regarding First Tin Plc (1SN), we won’t be increasing the limits for the time being, but I’ll let you know if anything changes.

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Thanks for the quick work on this, can anything be done on the others?

Currently, we will not apply any adjustments to the rest of the mentioned instruments, @Austinckb. Nevertheless, if there are any changes, I will keep you updated. :pray:

Much obliged, greatly appreciated!!

Can the limits on LINV (Lend Invest) be increased please? They are currently too low to place any meaningful trade.

@MarginCalls, we have increased the maximum quantities for LendInvest PLC (LINV). The maximum order quantity is now 80 shares, and the maximum position size is 400 shares.

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I dont understand this risk management rule. I want to buy 10000 shares of tesla , is that possible.
Say I am holding 2000 shares of some company bought at 10 and it gone up 8 times in value and you will close forcefully as the maximum value to hold in that stock is 39,000.?

Yes

No, you just won’t be able to buy anymore.

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Another unfortunate outcome of this maximum position size risk management policy is that I and many others cannot average down in the stocks we have, especially the investments we have the highest conviction in and are willing to take a risk on.

This puts us the customer at the risk of losing money. I’m not sure if Trading 212 has even considered this, or even cares.

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You could average down on another platform, which only encourages 212 users to potentially exit. Not that it effects me but I don’t get the rationale.

If we were to consider holding large positions in illiquid stocks similar to gambling, then yes potentially limit the user.

I still think there should be a warning to the user instead. In the app, your position shown as a % of the average daily trading volume should be shown. The user can then decide if they are happy to accept the risk it may take several days or more to sell out a position.

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You could average down on another platform, which only encourages 212 users to potentially exit. Not that it effects me but I don’t get the rationale.

Are you suggesting transferring the positions away from Trading 212? Trading 212 do not support that so I don’t see how I can average down on my original investment with another broker. Buying more.shares with another broker may average across the 2 accounts, but that’s not the point I’m making as you’d still limit your potential upside by the loss on the original.

For example, you could average down on a stock and if there’s an unexpected run in the SP, you could sell out to break even and get all your money back or come out with a profit.

It’s not uncommon to hold large positions in biotechnology stocks that eventually get acquired by big pharma. Limiting my ability to average down means limiting my potential upside. Companies could also get bought out below your average and you’ll lose money, but if you had the ability to average down, you could emerge break even or profit.

If I’ve done my DD and choose to go heavy into any stock, it should be my choice and not my broker to decide how much of a stock I can buy. If I was using a margin account, that’s different.

You call holding large positions in illiquid stocks akin to gambling but that’s your opinion and stocks don’t always remain illiquid.

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Well, averaging down on a single broker or 2 has the exact same effect. You aren’t making less profits if it’s on a 2nd account. Your initial purchase at a worst price doesn’t magically get better, only the average position is green, not each underlying purchases.
The only difference is in one case, you actually see that some your purchases are still red, while on the other you get copium pill that “it all shows green”.

But in the two brokers case, you seem to forget your green position on the 2nd broker is yielding a greater profit, and the average return between the 2 will be exactly the same as the return on the average position. :upside_down_face: