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Trading floor/Stock trading

Trading floor/Stock trading

Old Feb 21st 2012, 2:51 am
  #1  
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Default Trading floor/Stock trading

How many of you track stocks using karma? When I was in grad school I did an analysis on whether or not Priceline.com was a good buy for one of my Finance classes. For kicks, I bought fake stock using karma on BE.

Why oh why didn't I really buy stock? It's up 472% from when I bought it!! Oh well, I'm sure the opposite would have been true if I'd really purchased any.

I will say, however, that it temps me to actually buy some individual stock after doing my homework in the future. I figure you'd have to think of it as gambling as it's not diversified of course, but if you stuck within limits you're willing to lose it might be worth giving a go.

Do any of you indulge?
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Old Feb 21st 2012, 6:21 am
  #2  
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Default Re: Trading floor/Stock trading

Originally Posted by Kaffy Mintcake View Post
How many of you track stocks using karma? When I was in grad school I did an analysis on whether or not Priceline.com was a good buy for one of my Finance classes. For kicks, I bought fake stock using karma on BE.

Why oh why didn't I really buy stock? It's up 472% from when I bought it!! Oh well, I'm sure the opposite would have been true if I'd really purchased any.

I will say, however, that it temps me to actually buy some individual stock after doing my homework in the future. I figure you'd have to think of it as gambling as it's not diversified of course, but if you stuck within limits you're willing to lose it might be worth giving a go.

Do any of you indulge?
I do, bought some in December, 2 days later the company had disastrous results and the stock lost about 15%, still well down on what I paid, but it is, slowly, recovering.
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Old Feb 21st 2012, 2:44 pm
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Default Re: Trading floor/Stock trading

Originally Posted by Kaffy Mintcake View Post
How many of you track stocks using karma? When I was in grad school I did an analysis on whether or not Priceline.com was a good buy for one of my Finance classes. For kicks, I bought fake stock using karma on BE.

Why oh why didn't I really buy stock? It's up 472% from when I bought it!! Oh well, I'm sure the opposite would have been true if I'd really purchased any.

I will say, however, that it temps me to actually buy some individual stock after doing my homework in the future. I figure you'd have to think of it as gambling as it's not diversified of course, but if you stuck within limits you're willing to lose it might be worth giving a go.

Do any of you indulge?
http://britishexpats.com/forum/trader-showcase.php

There you go. Thread closed.
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Old Feb 21st 2012, 3:36 pm
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Default Re: Trading floor/Stock trading

Put it this way, I've been advised to open an IRA and I'm um-ming and ah-ing about it
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Old Feb 21st 2012, 3:56 pm
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Default Re: Trading floor/Stock trading

I've been dabbling in it just to see how good I am at making purchases/sales at the right time. Made 2 purchases using karma, and I'm 'slightly' up.

Only made one real purchase in my life, and that's working out way better than my karma experience haha.
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Old Feb 21st 2012, 4:20 pm
  #6  
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Default Re: Trading floor/Stock trading

Priceline...it's how Shatner made his billion...didn't get paid a penny, but was given shares to do those adverts and now they're worth a smidge over a billion....not bad going.
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Old Feb 22nd 2012, 11:45 pm
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Default Re: Trading floor/Stock trading

Karma is annoying. I had a 50 for 1 stock split but it still thinks I only have the original 10 shares in Berkshire Hathaway B.
I payed $4079 per share making $40,790 total.
At the split, it became 500 shares at $81.58 each.
Karma says I still have 10 shares now worth, $78.93 each. 500 at $78.93 gives $39.465. A small loss.

I bought Quality Systems, 1000 shares at $37.95, a total of $37,950.
Karma says they are a total loss. They are actually worth $43.78 each, a profit.

I bought 500 ATW for $39,575. Karma says they are a total loss. There have been three 2 for 1 splits so there should be 4000 shares at $46.90, making $187,600.
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Old Feb 22nd 2012, 11:47 pm
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Default Re: Trading floor/Stock trading

Originally Posted by paddingtongreen View Post
Karma is annoying. I had a 50 for 1 stock split but it still thinks I only have the original 10 shares in Berkshire Hathaway B.
I payed $4079 per share making $40,790 total.
At the split, it became 500 shares at $81.58 each.
Karma says I still have 10 shares now worth, $78.93 each. 500 at $78.93 gives $39.465. A small loss.

I bought Quality Systems, 1000 shares at $37.95, a total of $37,950.
Karma says they are a total loss. They are actually worth $43.78 each, a profit.

I bought 500 ATW for $39,575. Karma says they are a total loss. There have been three 2 for 1 splits so there should be 4000 shares at $46.90, making $187,600.
Wow - who would have thought they could have made it so like the real stock markets?
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Old Feb 22nd 2012, 11:49 pm
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Default Re: Trading floor/Stock trading

Originally Posted by Uncle Ebenezer View Post
Wow - who would have thought they could have made it so like the real stock markets?
I think karma is a Wall Street banker.
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