I had a stop loss on a short on GME (GameStop) today, to kick in if the price got to $390. To my surprise it triggered at $421, even though according to Trading 212s price chart and others that I have checked, it never reached that price. This resulted in a nasty loss and inability to open any more …

Apparently it spiked over $421 at 17:05 [GME]

Thank you for your replies. The highest price it went to today according to Bloomberg (as of time of writing) was $380. [Bloomberg GME]

Also, from the chart that I can see for GME for that time period on Trading 212 there were no large spikes: [GME Trading 212] For the price to have gone to that level to trigger the stop loss at that price, the market would have had to have gone from $320 as it was at the time, to $420, and back …

In the “Settings”, tick “Buy Chart”

CFD ASK [Screenshot 2021-01-27 at 21.25.00] ISA ASK [Screenshot 2021-01-27 at 21.29.48] Trades [Screenshot 2021-01-27 at 21.25.13]

Should that spike of happened? Why is it only visible/happened/showing in CFD

It’s the spread difference that’s caused it in CFD as it can widen hugely [image]

[image] bizie: Should that spike of happened? Why is it only visible/happened/showing in CFD Good question @David @Rumen ?

It’s the spread difference folks. Jumped $80 wide yesterday from a steady $1-2.40 spread when market turned the other direction. I had a small short position opened and scrubbed me of a profit [image]

Stop loss triggered way above actual market price

🤝 Help

phildawson January 27, 2021, 9:26pm 8

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Stop loss triggered way above actual market price

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