New guy needs a hand

Discussion in 'Penny Stocks' started by legman, Jul 15, 2019.

  1. legman

    legman New Member

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    My 1st trade.

    I executed a 9300 share buy for NUGL at $.32 this morning and atched as it closed at $.32.

    No loss - right?

    WRONG!! ETRADE says i lost $38.00 on the day!!!

    I dont get it? Can someone set me straight on this?
     
  2. Bodacious

    Bodacious Active Member

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    Rounding up or rounding down to whole pennies can cause what you describe. You bought at .32100, the stock closed at .31700.
     
    #2 Bodacious, Jul 15, 2019
    Last edited: Jul 15, 2019
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  3. Bodacious

    Bodacious Active Member

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    9300 x .004 = 37.20
     
  4. legman

    legman New Member

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    Thanks. That exactly what i suspected.
     
  5. hitman

    hitman Well-Known Member

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    could be buy and sell fees
     
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  6. Mitzter

    Mitzter Member

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    Etrade charges $6.95 commissions, so thats already 2x $6.95. Remainder would be the situation Bodacious described.
     
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