An alert to confirm buying shares in stock market.


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IpetsLE22

6:01am Mar 3 2012

Normal User


Posts: 1,704
This would really help!

I just lost over 800k by accident.... :-(



elle x x x
Lilith

11:19am Mar 3 2012

Moderator


Posts: 2,155
It really isn't hard to check and see what stock you have selected, and what amount you are selling or buying. Honestly, the amount of confirmations on the site is getting kind of ridiculous...and the mistakes are still happening. Everyone needs to slow down and pay attention a bit more, IMO. =P




**•̩̩͙✩•̩̩͙*˚♫ and the haters gonna hate hate hate hate hate ♫**•̩̩͙✩•̩̩͙*˚
IpetsLE22

11:40am Mar 3 2012

Normal User


Posts: 1,704
Ok, Well sorry for wasting your time 14BM.

Ima little bit confused on how the stock market works, can you send me an Rmail with how it works.

Cause I dunno how much I'm paying.



elle x x x
Lilith

11:59am Mar 3 2012 (last edited on 12:03pm Mar 3 2012)

Moderator


Posts: 2,155
You didn't waste my time, I'm just stating an opinion based on what I have observed recently.

It's simple: to find out how much you are paying, multiply the share value of the stock you are buying by the number of shares you are buying. For example, right now, ARM is at 23 per share. 50,000 shares x 23 = 1,150,000 TU. 

In order to make money playing the stock market, you only need to remember one rule: Buy low, sell high. You can never lose TU as long as you never sell your shares for lower than you purchased them. ;)

Right after posting this, the noon stock reset happened: Now ARM is worth 33 per share. So if you sold it, you would sell for 33 x 50,000 = 1,650,000. That's a 500K profit in this case. (But I don't recommend selling anything with a share value of less than 300 because most stocks will go that high and much higher!)

Of course there is a limit of 50K shares bought or sold per day - I'm just using these numbers as examples.




**•̩̩͙✩•̩̩͙*˚♫ and the haters gonna hate hate hate hate hate ♫**•̩̩͙✩•̩̩͙*˚
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