I ask for input, as I think I have lost all math skills based on what my broker is telling me my profit is for an equity trade compared to my calulations. Bought 1000 $23.49 Bought 1000 $23.39 Bought 1000 $23.25 Sold 50 $23.56 Sold 2950 $23.40 The question is not about the trades, it is about the calculation of profit, or loss, although broker and I both seem to agree there is a profit. Broker shows a larger profit(by $350) than I do. Don't worry about commissions, but if you want use basic IB of .005 per share. Again not asking about my trading skills, just double checking if I have lost my mind, which is very possible. Thanks, and as always I promise to laugh at any abuse thrown my way, and then hunt you down and throw an equal amount of fecal matter at you.
Is that your answer? Do you mean 3 pts, or 3 ticks times 2 contracts, and do you actually know the difference?
abbreviationsplural of ab·bre·vi·a·tion (Noun) Noun: A shortened form of a word or phrase. The process or result of abbreviating.
I guess it must be me, as I just am not following your train of thought. To me pts = points, and whatever the abbreviation for ticks, and I was trying to clarify if you were giving me a mildly cryptic answer. Again, I'm not looking for an arguement, just what others see as the profit. I've done cryptology before for others, but that just isn't what I was looking for today. Actually really not looking for an English lesson. My Dad was an English major as well as 2 other majors in 3 years, and where my teachers lacked, he corrected. How about something really simple for my question? Just looking for a comparison, not an English lesson, or whatever. I guess I I thought I might get a couple simple answers for comparison before I was crapped on, but I was wrong. Oh well.
On average, I'm getting >3 points a day, trading 2 contracts on the TF. With a 2 trade limit per day. Yes, I know the difference between ticks and points. Try not to be so condescending next time.
I have to admit I assumed your post was meant to be insulting, and I responded in like manner. I just simply was asking what the profit number added up for the trade presented, not what you make per day. I thought I was clear in my question, but I guess not.
Your cash flow on this trade, including IB commissions (.005 per share with $1 ticket minimum) is: Bought 1000 = -23,490 - 5 = -23,495 Bought 1000 = -23,390 - 5 = - 23,395 Bought 1000 = -23,250 - 5 = - 23,255 Sold 50 = +1178 - 1 = 1,177 Sold 2950 = +69,030 - 14.75 = 69,015.25 NET P/L = 47.25
I will try to avoid tipping my hand, oh hell no I won't, thank you Hurricane. That is what I get, but the broker is showing quite a bit more. I have gotten no where asking about their numbers. Anyone else with a different number please post and let me know how you came up with it. Thanks