I am back in the game and have a question. Why is my bp 113,000,00 and portfolio 73,000.00 I mean am I missing something? The rest of you guys show portfolio 143,000.00 and bp say 57,000.00 making a total of the 100,00.00 hope this is correct. Anyway isn't mine suppose to be like 100 and then 83,000 like this so why is mine like this. I know I have made more money but is there something I have got to pay to get the other port. bk to 100? I hope someone understands what I am saying I am a little confused myself. Thanks Toni

 huh?

 Hi Tonig,

Did you find the answer to your question about BP?

Regards 

our BP is double your portfolio value.  Unless you have open positions... then your BP would be lower.  I think thats what youre asking.....

Dr Zira, that formula doesn't seem to work for my portfolio.

Buying Power is what you have available to spend on stock.  Whenever you buy stock, you pay for the stock plus a commission of $10 ... so you start with $200K of buying power (the beginning of the game, your $100K fantasy money plus $100K available to borrow), and you buy $25K of zit stock, then the buying power left is $174,990.  If your stock goes down, say to $23K, and you decide to sell it because you don't want to lose any more, then your portfolio goes up $23K minus the $10 commission ... $22,990.  Now you have $174990 plus $22990 = $197,980 ... so your new buying power is $197,980

If it had gone up to $26000 instead, then your new Buying Power is $200980.

Does this help you understand how Buying Power is figured out?

Don't forget that EVERY SINGLE TIME you BUY or SELL, a commission fee is subtracted from your available money.

When you set up an order, either a LIMIT or while the market is closed, the commission is not subtracted from your Buying Power until the order is filled.  If you cancel the order before it is filled, or if it expires, then no commission.

GOOD LUCK to all!

 Too much math for me too think about.  But welcome back to the game!  :)

Melany:

Dr Zira, that formula doesn't seem to work for my portfolio.

Buying Power is what you have available to spend on stock.  Whenever you buy stock, you pay for the stock plus a commission of $10 ... so you start with $200K of buying power (the beginning of the game, your $100K fantasy money plus $100K available to borrow), and you buy $25K of zit stock, then the buying power left is $174,990.  If your stock goes down, say to $23K, and you decide to sell it because you don't want to lose any more, then your portfolio goes up $23K minus the $10 commission ... $22,990.  Now you have $174990 plus $22990 = $197,980 ... so your new buying power is $197,980

If it had gone up to $26000 instead, then your new Buying Power is $200980.

Does this help you understand how Buying Power is figured out?

Don't forget that EVERY SINGLE TIME you BUY or SELL, a commission fee is subtracted from your available money.

When you set up an order, either a LIMIT or while the market is closed, the commission is not subtracted from your Buying Power until the order is filled.  If you cancel the order before it is filled, or if it expires, then no commission.

GOOD LUCK to all!

 

$195,960 for the loss - $97,980 * 2

$201,960 for the gain - $100,980 * 2

The amount you can borrow is equal to your portfolio value.

Now, I'm confused...LOL

Dr Zira:

To get your buying power, multiply your portfolio value by 2, then subtract the total market value of your long and short positions. From that subtract the value of any open buy or short orders.

Open sell or cover orders do not effect buying power untill they are filled. Covering a short or closing (selling) a long position will increase your buying power.

Ahhh Crap!!  Are we suppose to have math skills to do this??

this is supposed to be mindless  lol

Corky, your stutter is getting worse.