Scalping is the art of reading the order flow and identifying short term momentum. It's not 1 tick 100 trades a day. Experienced and beginners to trading and investing are welcome! I use a 4x time frame chart to confirm the trend. If you go into the settings turn 1 click buy off, then , when you click buy it takes you into another screen to confirm you actually want to buy rather than 1 touch and done. r/trading212: The community subreddit for the discussion of Trading 212 investment and trading platform. Press question mark to learn the rest of the keyboard shortcuts. Obviously there is the other option of CFD, although I’m not interested in leverage so I’ve presumed to just discount this option. And even when the bid price is lower than your price, nobody is hitting it. Which trading 212 account would be best for day trading? As for your issue, there should be an option in Settings to turn off "1-click trading" so you can't accidentally make the same mistake again. I hope you don't actually trade on this chart type + phone. The only way to break even is to wait when ask price becomes equal to your position price and you can hit it. As a separate note, I’ve read quite a few posts on this sub reddit and there seems to be quite a negative perception on day trading. Quick question on scalping, is this not permitted with trading 212? I originally found it attractive as it doesn’t have transaction fees like other platforms such as HL. Regardless of what trading you want to do, you should learn to scalp. Press question mark to learn the rest of the keyboard shortcuts. Cookies help us deliver our Services. The same thing is for long position. Can anyone offer their thoughts as to why? If you buy at ask price, nobody is going to hit you when you want to close the position, even if you set a take profit lower than your price. Trading 212 - yay or nay? I have been trading for just over an year now and sometimes I lose hope that I will ever become consistently profitable and trade for a living. The leverage on most stocks is 1:5 so not that high. Press J to jump to the feed. Referral links are only allowed within the dedicated post. The community subreddit for the discussion of Trading 212 investment and trading platform. It is a very attractive option due to no commission, zero spread pairs, etc., but having done some extra research online it seems that they have a business model that effectively amounts to a scam with a pretty platform. Day trading on trading212 Trading discussion I'm interested in knowing how you guys day trade and how you pick your companies to you the people that day trade on trading212 (not cfd investing) I'm more a long term investor, but I would like to know how you guys do it. Set the leverage to retail (automatically it is set to pro) and trade stocks. I would suggest you practice with CFDs for 1 year minimum on Trading212 practice account. By using our Services or clicking I agree, you agree to our use of cookies. Surely this is just more profit? There's no restrictions for day trading on ISA and Invest, https://community.trading212.com/t/is-day-trading-allowed/5606, New comments cannot be posted and votes cannot be cast. I thought the main thing was looking for patterns, both with price action and oscillators, and use a stop loss to mitigate the risk. Happy to stand corrected as I am a novice! Most people use the CFD platform for gambling essentially or they're cluelessly trading since the platform is available to anybody. For swing trading you can use 30 minute chart and confirm the trend on the 4 hour chart. I take it from your comment on day trading that you have the same opinions? The quantity? And the loss that you are getting is based on ask price. Every trade starts as a scalp. They will not ban you. Obviously I wanted to close the position ASAP however there has been an issue. ISA is the way to go if you’re not interested in CFD. Last night I accidentally took a short position by accidentally clicking while scrolling through the platform, I wasn't asked for conformation, it processed instantly. Doesn’t help on this but maybe in future. Is trading 212 a good broker platform for day trading? Unless you have large amounts of capital then CFDs are the only way to make good returns. You're looking for a good entry and you want the market to move on side as quickly as possible. I am currently a student so I work full-time in order to save up money to use for trading and whenever I lose more than usual or make a stupid mistake it really hurts because I know how hard it was to earn that money. Is trading 212 a good broker platform for day trading? Press J to jump to the feed. Which trading 212 account would be best for day trading? For day trading I use 15 minute chart and I confirm the trend on a 1 hour chart. The graph that you are looking for shows bid prices only. Experienced and beginners to trading and … Its difficult to day trade on the Invest/ISA platform as if you scalp or anything like that they will ban you. Give day trading a try with some small amounts and see how smart you think it is. Press question mark to learn the rest of the keyboard shortcuts. The red line in the photo where I should be braking even shows a loss of around £200. What is the price at which you sold? Hopefully will learn a thing or two from your responses! I’ve researched on technical analysis for the past 4 weeks and can see the risk with day trading, but it’s the same with any type of investment. Experienced and beginners to trading and investing are welcome! It's definitely not the spread, it's included in the price. Not really sure of the benefit of choosing the Invest account over the ISA account, as gains from the ISA account is tax free? I set a take profit that was hit over 5 times during the night however position didn't close and still shows around -£200. I'm struggling to get in contact with trading 212 and don't know if I should close the position or wait for the issue to be resolved. I originally found it attractive as it doesn’t have transaction fees like other platforms such as HL. Please let me know if I’ve not understood this correctly. The community subreddit for the discussion of Trading 212 investment and trading platform. I have seen a couple of posts on here re Trading212, but they don't seem to address the concerns that I have. Posts must not be misleading or manipulative. Yeah I've no interest in trading crypto, i know very little about it, New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. I learnt the hard way too! Honestly, this app looks like total scam. I was under the impression that this was a legitimate technique that many day traders use, with quick buying/selling taking advantage of small opportunities? ISA/Invest I use both for long term investments but for day trading CFDs are a no brainer. It seems like there is no trading on this platform at all. All posts must relate to Trading212 or discussion on trading and investing. If the 15 min chart is bullish and the 4 hour chart is bearish, I avoid trading… Apologies for the somewhat novice ideology with this post. Trade during the NY session/London overlap for better spreads. Not really sure of the benefit of choosing the Invest account over the ISA account, as gains from the ISA account is tax free? Thanks for your detailed response - very helpful!