It is absolutely heartbreaking that after 15 million times of being suggested (posts from all the way back to 2020 up till today) the same thing, T212 vehemently refuses to put in this feature for ISA accounts, despite how costly & risky it is to investors to be day trading without any stop loss or take profit options. Beyond disappointing. I would gladly pay a monthly fee if they decide to implement stop loss / take profit for regular stocks (Ideally trailing stop loss but considering how they refuse to even provide the basic version that almost every other broker provides, thatās definitely wishful thinking at this point), but apparently its not even something theyāre considering adding. Very disappointing.
If a platform does not care at all about its investorās interests, itās not worth it.
Providing a Trailing Stop Loss (or any other basic version) possibly does not fit T212ās business model. T212 continues to tow the line to such requests saying ISA account trades are expected to be less risky due to their long term nature and therefore they do not think TSL is applicable for an ISA account.
I think the truth is, ISA offers them limited investment that is capped at 20k per year. So no opportunity for them to tempt or make you increase your investment once this cap is reached. If they provide ISA accounts with a TSL, how are they going to make money?
If T212 provides you with a TSL, you would never lose money and your trades will only go through when they profit you. On the contrary, error in your trading decisions without a TSL will either make you chase your losses resulting into a barrage of trades, the more the merrier for T212, or, if you get frozen on your tracks, this still makes money for T212 as then your money is ābetter investedā fetching you a silly 4.x% interest.
I mean if thatās all, they could have provided it for regular invest accountsā¦ I just donāt even know anymore.
Thatās the issue. If 15 million people want it, it gets added. If 15 people want it they donāt. The vast majority of T212 users have no business using trailing stops.
Hey Scrooge,
Not sure what would make you say that? Please explain.
Iām not a very sophisticated investor, but I would definitely use TSLās in my S&S ISA if they were available.
CT
Itās a traders tool. Not for investors. Itās a tool for making less money from your investments.
@Scrooge_McCodf I have to say that is a new perspective, I never heard anyone state that about TSLs
Time is the only advantage you have as a retail investor. When you set automatic orders you forgo your advantages.
Scrooge,
Well youāre full of the importance of your own opinion arenāt you?!!
Iām trading approx 25% of the holdings of one of my shares, and that provides me with a modest, but resonable cashflow yield.
Anything that helps me execute those trades, would be useful. TSLās are one such tool that I would like to have access to.
But since the mighty Scrooge McFuckFace has decided that
then I guess Iāve been told, and I should piss off back into my little cave??!
Kindly GFY Scrooge.
CT
Very emotional and long response to a reasonable answer not directed at you personally. I can see youāre going to make a very poor investor trader if you get this emotional, this quickly.
All the best.
Scrooge Mcfuckface
Scrooge,
I object to cocky big-mouthed jerks like you telling others what they do and donāt want, and what tools they should and shouldnāt use. Once more for the record:
Your showing up on this thread has added nothing useful to the conversation, other than letting everybody else here know what your opinion is of another set of customerās wants from a platform they pay to use.
Classic signs of narcissim on your part. Why DID you bother coming on this thread.? Youāve offered nothing of value.
Says who?? This is just you spouting off your opinions again. What possible business is it of yours how other people handle their investments or trading??
Jeez, the ego on some people.
CT
I think youāre overreacting to what is a pretty salient point. If youāre an investor who uses trailing stops youāre doing it wrong. (Says every good investor on the planet).
Once again, you failed to read what I said. I clearly stated that Iām trading a small portion of my holdings, exploiting (experimenting with) a strategy of my own devising, that relies on a particular style of execution, and TSLās could potentially help me with parts of the slippage equation. But I canāt know if it will help without having it available. Which itās not.
Unsubstantiated conjecture. Invalid argument.
See two can play that game.
CT
I hope it works out for you. If not, Iām more than willing to offer my opinion on it.
Hey Scrooge,
Actually. Iād take you up on that!!
Since I am definitely light on real world experience, Iāve been tapping up anyone with more advanced skills than me, thatās willing to devote half an hour of their time (and letās face it, youāve obviously got too much time on your hands, given your contribution to this particular thread so far ) to jump on a Zoom call with me and poke holes in the method Iām employing.
I know where I think the weaknesses in the strategy are, but Iām not so sure that translates into a fatal flaw for the process overall.
Iām certainly very interested in stress testing the method.
So, Iām serious, if youāre up for critiquing my strategy, give me 30 minutes of your time over Zoom, and you can have at me.
CT
DM me a brief outline. Iāll let you know if I can offer any value. Iām strictly not a trader, so if itās too trader focused I wonāt be able to offer any insight - an easy way of us not wasting each others time.
@Clearwell_T @Scrooge_McCodf very nicely ended, like true professionals
Whether you agree or not, you both are very efficient traders
lets get together for a coffee !
I understand that the invest account is for the long term but they also draw together Traders with their name some want to trade in real stocks. So think they should either make trading possible in the invest account or change the cfd account to a trading account and add real stocks. Because many people report using Trading 212 for Trading
@Dion24 . Hey, long time no see
I am confused, what do you mean by āreal stocksā. Are we not trading with real stocks in all accounts?
Non cfds. In my opinion are cfds no real stocks. Because you speculate on the price
And according to trading 212ās responses to similar discussions it is invest account for long term and cfd account for short term trading that you need this feature for. And personally I think that if they want to stick to this they should then rename the cfd account to trading account and besides cfds also offer those real stocks because enough users want to actively trade but not with cfds