Hello
I registered a demo account (400000$ BP default) with dastrader and opened a buy order of 100 shares at 1.66, so lets say 166$ plus fee should make it around -176$ from all 400000$ BP, but as you can see it took whole -731$ instead which makes no sense to me, someone explain please i have to wait until shares get up to 6$ to make any profits?
Thank you!
Posted Jan 29, 17 1:35 PMbyDrJambi
Categories
Trading Mistakes
Did you consider your commissions and fees? That's a major thing to consider in your profit target. Especially with small share sizes.
And yes, ScrawnyB has a point too. Are you considering the buying power multiple? 731 sounds about right to be down margin-wise for a that amount of a loss minus commissions and fees.
From videos i watched says if i have buying power x4 this means i could buy 400 shares with same anount of 731$ even if initial deposit is lower than 500$, do i got it right?
But here i bought 100 shares x4 times overpriced and this confuses me.
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