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| snapplekid13 |
 Posted: Fri Jun 09, 2006 7:14 am Post subject: You guys could fix this.. |
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Investing Manager
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Whenever i buy a stock and it doesnt change for a few minutes it says my net is e$-10.00 and I lose like half a percent!
Does anyone else have this problem? 
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| vetelmo |
| Posted: Fri Jun 09, 2006 7:25 am Post subject: |
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Moderator
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Yup! Get used to it.  |
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| snapplekid13 |
| Posted: Fri Jun 09, 2006 7:46 am Post subject: |
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Investing Manager
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| Dave Rathbun |
| Posted: Fri Jun 09, 2006 7:56 am Post subject: |
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CFO
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It's called trading commissions. 
You pay e$10 each trade. So if you purchase a stock, you're immediately in the hole by e$10 because of the commissions. You'll pay another e$10 when you sell.
In other words, there's nothing to fix. As vetelmo says, get used to it. |
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| vetelmo |
| Posted: Fri Jun 09, 2006 7:58 am Post subject: |
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Moderator
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Try reading the FAQ's right here FAQ's page and all of your questions should be answered.  |
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| snapplekid13 |
| Posted: Fri Jun 09, 2006 8:02 am Post subject: |
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Investing Manager
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| yea that didn't do anything. I knew all that stuff in there. |
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| Dave Rathbun |
| Posted: Fri Jun 09, 2006 8:03 am Post subject: |
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CFO
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Did you read the fine print on the portfolio screen?
Cost as displayed includes trading commissions |
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| snapplekid13 |
| Posted: Fri Jun 09, 2006 8:05 am Post subject: |
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Investing Manager
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| Ok but why not just take it out of our e$ account? Because your ruining peoples portfolio %!!! |
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| vetelmo |
| Posted: Fri Jun 09, 2006 8:11 am Post subject: |
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Moderator
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| snapplekid13 wrote: | | yea that didn't do anything. I knew all that stuff in there. |
Really? You seem to ask alot of questions that are covered there.  |
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| snapplekid13 |
| Posted: Fri Jun 09, 2006 8:13 am Post subject: |
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Investing Manager
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| what i was trying to say was that the FAQ didn't answer my question. |
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| Dave Rathbun |
| Posted: Fri Jun 09, 2006 8:14 am Post subject: |
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CFO
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| snapplekid13 wrote: | | Ok but why not just take it out of our e$ account? Because your ruining peoples portfolio %!!! |
It is taken out, but that's a separate issue.
That's how it works in real life, thus that's the way it works in the simulator. Trading commissions are a cost of investing, and they affect your return. That's the way it works.
If you purchase more than one or two shares of something, it's not a big percent. If you're trying to buy something to trade on a five cent swing, then you need to be sure to buy enough shares so that your profits cover your costs of e$20 total, trade commission in + trade commission out of the position. |
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| Im Not Warren Buffett |
| Posted: Fri Jun 09, 2006 8:41 am Post subject: |
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CFO
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| snapplekid13 wrote: | | Ok but why not just take it out of our e$ account? Because your ruining peoples portfolio %!!! |
Um, its not ruining anything... because in a real life portfolio you would have to take trading costs into account to see what your actual return is. Ask anyone who makes a $500-1000 purchase with Etrade or any other broker... your $10 in and out really do add up. |
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| poornewb |
| Posted: Fri Jun 09, 2006 8:51 am Post subject: |
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Investing Manager
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If the 10$ trading fee is "ruining your returns" maybe you should look for better stocks.? just a thought.
When you buy a stock in real life or even here in the sim you need to consider that every trade is 20 in the hole right from the start. |
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| snapplekid13 |
| Posted: Fri Jun 09, 2006 9:30 am Post subject: |
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Investing Manager
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Oh come on people its an exaggeration! Live a little people! You guys take everything to seroiusly!
I'll have to start using ( exaggerated voice ) and ( sarcasticly ) |
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| Dave Rathbun |
| Posted: Fri Jun 09, 2006 11:53 am Post subject: |
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CFO
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| snapplekid13 wrote: | | I'll have to start using ( exaggerated voice ) and ( sarcasticly ) |
You haven't been around long enough yet. Eventually people will get use to your style of posting. Right now you just look like you're whining...  |
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