Rakuten Trade, A new online trading platform
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 May 6 2020, 11:10 AM
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#1
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Probation
2 posts Joined: May 2020 
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Guys, does anyone have the same problem such as missing profits? For example, you multiply the quantity of stocks bought with the difference in the price of stock which you bought and then sold for a profit. Then you deduct all the relevant fees stated by Rakuten i.e the brokerage fee, stamp duty, clearing fee and ST. But still missing some funds. Why it is so?
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May 9 2020, 05:23 PM
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#2
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Probation
2 posts Joined: May 2020
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QUOTE(vergeofcollapse @ May 9 2020, 03:10 PM) Example: The problem is not at all related to this explanation. I am very well-versed on the stock market. Thank for you for trying to clarify things though On Tuesday, you bought 100 unit of RM1.00 stock, that's RM100. You sold at RM1.05, so you made RM105-RM100 = RM5 Then you decided to buy again at RM1.10, 100 units. And then proceeded to sell at RM1.15, so you made RM115-RM110 = RM5 So you thougt to yourself, hey I just made RM10, not bad However, since you did this within single trading day, herein "intraday", so the total bought price will become (100unit xRM1.00 + 100 unit x RM1.10) = RM210/200 = RM1.05 and the total sell price will become (100unit xRM1.10 + 100 unitsxRM1.15) = RM225/200 = RM1.125 So your total gain = 100unit x (RM1.125-RM1.05) = RM7.5 The above example excludes the transaction fee which I don't include here to avoid confusion. But you get the whole picture. You can repeat the buy/sell as many times you want to by using intraday-trading, however the realized profit will still base on the total buy/sell price.   |
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