I have a query regarding spread that somebody may be able to help with me.
So I bought a ‘Sell’ CFD on Luckin Coffee today. The spread on this in the screen shot is 14.6¢
Does this mean profit does not occur until the instrument drops 14.6¢ below by sell (ask) price. Are there any other elements at play here? Internal fees from Trading212? IV? Etc.
Also is the spread locked in at the spread price upon purchase of the bid or ask, or is it changeable as the real time spread changes.