How do sales costs work?

Last post 07-08-2008 3:28 AM by JamesLT. 3 replies.
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  • 06-27-2008 9:19 PM

    How do sales costs work?

    This may sound stupid, but I do not understand how the totals add up. On my dashboard it shows that I have made an $800 profit on MXC. Then I go to sell, I do not get what it was worth on my dashboard. I end up losing a hunderd dollars instead of making money. And it can't be the $10 commsion that is skewing the costs like that

  • 06-29-2008 3:56 PM In reply to

    Re: How do sales costs work?

    KPersaud:

    This may sound stupid, but I do not understand how the totals add up. On my dashboard it shows that I have made an $800 profit on MXC. Then I go to sell, I do not get what it was worth on my dashboard. I end up losing a hunderd dollars instead of making money. And it can't be the $10 commsion that is skewing the costs like that

     

    Ok here is the deal...you are sitting there and see MXC is making you a profit of $800 so you decide to sell, but whats really happening in the real world market is different from what you see here....$800 is on WSS but in real life the stock may have dropped to $700 and you havent seen that yet because of the 15-20 min delay here, happens all the time.

    I've sold stock before and then noticed it was lower or higher, so I use my real time ticker at my online stock broker when I buy and sell during market hours and dont have this problem anymore.

  • 06-30-2008 4:16 PM In reply to

    Re: How do sales costs work?

    Oh my gosh, I never even though about that. I just assumed that since we are playing on a delay that we would get the same delay when we are trading. This clears up about ten trades I had questions with. However, one weekend, I couldn't get the price shown on my dashboard and couldn't been because of the delay since it was already the weekend. Just another glitch in the game?
  • 07-08-2008 3:28 AM In reply to

    Re: How do sales costs work?

    KPersaud:
    Oh my gosh, I never even though about that. I just assumed that since we are playing on a delay that we would get the same delay when we are trading. This clears up about ten trades I had questions with. However, one weekend, I couldn't get the price shown on my dashboard and couldn't been because of the delay since it was already the weekend. Just another glitch in the game?

     

    Yup most likely, sorry for the delay in response LOL

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