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| vetelmo |
 Posted: Tue Apr 25, 2006 8:45 am Post subject: |
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Moderator
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| Benjamin wrote: |
In real life your never going to be able to make every trade you want at exactly the price you want. Stuff happens. Until limit trading is in place your going to be at odds with time and shifts and computer bugs...pretty much everything that can happen with a real broker.  |
I think some people need to read that paragraph about 100 times to get it thru their skulls that this is about the closest to the real deal. The gripe over the delay cracks me up, some people don't realize that some of the stuff your able to do with the stock market is new in itself considering the lifespan of the stock market. We have turned into attention deficit nation and I think people often forget that 10 or 15 years ago, you did not have the same access to prices, company info, streaming quotes, real time quotes. Back in the 90's you paid out the nose for some of the stuff that is EXPECTED to be free by some. |
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| nelaina |
| Posted: Tue Apr 25, 2006 9:32 am Post subject: |
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CFO
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| Benjamin wrote: |
As far as the how much this trade will cost and how many shares you may be able to buy I would really miss that. That was a sweet addition, nevermind if it isn't right sometimes it's always just a guesstimate.
In real life your never going to be able to make every trade you want at exactly the price you want. Stuff happens. Until limit trading is in place your going to be at odds with time and shifts and computer bugs...pretty much everything that can happen with a real broker. |
oooh yes i really miss that already, i could just use my calculator :/...but yeah it was an added convenience. this is technically a place for learning, and i know that having that calculation brings to your attention just how much you can put into one stock, and also brings to your attention the idea of diversifying by making you aware of how much $$ you will have left for other purchases. i know that seeing the numbers in front of me has many times casued me to think twice about what im putting into one stock....even if it is just a guesstimate, it helps.
this sim is actually better than what i am currently getting out of my broker  |
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| Dave Rathbun |
| Posted: Tue Apr 25, 2006 9:44 am Post subject: |
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CFO
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The price is still gone, but the "You can buy X shares" is back. 
I really don't want to put the price back, as I think it just adds to the confusion. When you see price X on the trade screen, and then the order fills at price Y ... it's just confusing. I'm certainly willing to be overruled - I didn't have any problems with it before - but for new folks coming into the sim I think it might be better to leave it off.
When limit trading is available I think the issue becomes a moot point, as we'll have the ability to set the price for the trade. |
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| Dave Rathbun |
| Posted: Tue Apr 25, 2006 9:51 am Post subject: |
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CFO
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| Benjamin wrote: | | Dave Rathbun wrote: | | Good point. Ben? You want me to leave the commissions as is for the remainder of this month and "fix" it for starting next month? |
I think I'd leave it as is for now. If the % drops a little bit because of it later on that'll be ok. |
Okay, so for the contest this month we'll leave it as it has been for the entire month. I detailed the issue before, but the gist of it is on the "My Return" page you will see starting positions, trading activity, open positions, and closed positions. Closed positions have commission calculated properly, as do open positions. The trading activity numbers do not properly reflect the commission numbers. It would be easy to adjust every row if we didn't allow partial sales, but when you sell part of a holding the commission is allocated across the split shares, which adds a level of complexity. It is solvable, I just didn't think about it when I put that part of the screen together.
I've been working 70+ hours at my current client and have not had time to do the adjustment during the month like I intended.
| Quote: | | As far as the how much this trade will cost and how many shares you may be able to buy I would really miss that. That was a sweet addition, nevermind if it isn't right sometimes it's always just a guesstimate. |
The how many shares is back. There never was a "how much this trade will cost" value displayed, at least not one that I would have called that. The current quote (delayed, of course) is divided into your current e$ holdings to give you the estimated number of shares that you can purchase. The reason for the $100 "reserve" is to try to help keep you from over-spending. If you try to play the number exactly, you probably won't get your trade executed because you won't have enough funds, thus the e$100 reserve. |
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| jdunn72 |
| Posted: Tue Apr 25, 2006 10:08 am Post subject: |
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Member of The Month
March
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| Dave Rathbun wrote: | | ............When limit trading is available I think the issue becomes a moot point, as we'll have the ability to set the price for the trade. |
OMG this kinda talk is just making me crazy..... when.......when.......  |
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| Dave Rathbun |
| Posted: Tue Apr 25, 2006 10:35 am Post subject: |
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CFO
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| jdunn72 wrote: | | OMG this kinda talk is just making me crazy..... when.......when....... |
Not for a few months. Benjamin wants to run as is for a few months before adding more variables to the mix. |
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| jdunn72 |
| Posted: Tue Apr 25, 2006 1:41 pm Post subject: |
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Member of The Month
March
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| Dave Rathbun wrote: | | jdunn72 wrote: | | OMG this kinda talk is just making me crazy..... when.......when....... |
Not for a few months. Benjamin wants to run as is for a few months before adding more variables to the mix. |
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| Benjamin |
| Posted: Tue Apr 25, 2006 2:40 pm Post subject: |
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Administrator
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I just want to wait to let all the new changes settle in before getting too far ahead of ourselves.
Time will tell us for sure where we should head next. |
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| vetelmo |
| Posted: Tue Apr 25, 2006 2:42 pm Post subject: |
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Moderator
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| I am pleased the percentage calculation is better now and will patiently wait for the awesome limtit and stops! woohoo! lol |
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| nelaina |
| Posted: Tue Apr 25, 2006 5:35 pm Post subject: |
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CFO
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| Im Not Warren Buffett |
| Posted: Tue Apr 25, 2006 5:41 pm Post subject: |
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CFO
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| JDunn, we've had some pretty interesting back and forths here about stocks, economics, and the like, but from now on I'm always going to imagine you as that chubby, sobbing purple blob. |
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| jdunn72 |
| Posted: Wed Apr 26, 2006 6:58 am Post subject: |
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Member of The Month
March
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| Im Not Warren Buffett wrote: | | JDunn, we've had some pretty interesting back and forths here about stocks, economics, and the like, but from now on I'm always going to imagine you as that chubby, sobbing purple blob. |
Yeah, thats funny isn't it? I went looking for an appropriately graphic response and that one really really looked sooooo sad it grabbed me. It almost looks like he is crying out, "MOM", when he turns his head.
But, I do understand a lot of changes need to settle in before adding more to the mix. |
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| InvestingMac |
| Posted: Wed Apr 26, 2006 11:26 am Post subject: |
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Investing Manager
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| I have been very pleased with the new calculations, and I'm looking forward to what the next few months will bring. |
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