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?
Rounding up or rounding down to whole pennies can cause what you describe. You bought at .32100, the stock closed at .31700.
Etrade charges $6.95 commissions, so thats already 2x $6.95. Remainder would be the situation Bodacious described.