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Champion Investor - win '000's in prize money     

Bullshare - 21 Apr 2005 06:20

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Shares and MoneyAM are proud to announce the launch of CHAMPION INVESTOR a revolutionary live share dealing game which gives you the chance to test your skills against other investors throughout the country and win major cash prizes. It's absolutely FREE TO ENTER. Registering is simple. And what's more, you can join the game at any time you choose! To get started just REGISTER NOW! joinnow_flower.gif

prodman - 25 Oct 2005 14:48 - 406 of 550

jimmy b - No, but you will when you buy them to close the position

jimmy b - 25 Oct 2005 14:52 - 407 of 550

Thanks ,i don't remember that last time , not like real life then !!

akel44 - 25 Oct 2005 16:16 - 408 of 550

with this new trading rule, the game is fairer and more exciting,
"no runaways so far"

IanT(MoneyAM) - 25 Oct 2005 16:58 - 409 of 550

akel,

glad you agree

IanT(MoneyAM) - 25 Oct 2005 17:00 - 410 of 550

jimmy

same as last time I am afraid, stamp duty applies to all buys just like the real world, but not to a short

jimmy b - 25 Oct 2005 17:07 - 411 of 550

I don't get it, prodman says you pay stamp duty when you close the short or buy back.

IanT(MoneyAM) - 25 Oct 2005 17:12 - 412 of 550

Jimmy,

If you buy, you will be charged stamp duty

If you short, there is no stamp duty, you will however be charged it when you perform the closing transaction (the buy back) as this will be a buy. This is the same as the real thing.

Taxman has to make his money somewhere :)

jimmy b - 25 Oct 2005 17:16 - 413 of 550

I have shorted stock with Barclays ,and never paid any stamp duty.

IanT(MoneyAM) - 25 Oct 2005 17:28 - 414 of 550

Jimmy,

I think we are getting our wires crossed here. No short ever incurrs stamp duty, the buy back is a 'buy' to the taxman and will incurr stamp duty, when you are trading real shares and consequently in the game as well

jimmy b - 25 Oct 2005 17:37 - 415 of 550

One last thing Ian ,,when you close a short and buy back ,you are closing the trade i take it ,if you then wanted to go long ,would you make another trade ?

IanT(MoneyAM) - 25 Oct 2005 17:39 - 416 of 550

jimmy,

this is a switch trade - If you buy back the same volume as you have shorted, you are basically closing the position - it becomes a switch trade if you enter a higher volume, thus closing the short and opening a long position, I'm gonna go and have me dinner now :) catch you all tomorrow,

Ian

jimmy b - 25 Oct 2005 17:46 - 417 of 550

Thanks Ian..

Druid2 - 25 Oct 2005 20:44 - 418 of 550

IanT(MoneyAM) - seem to have lost the details of my Champion Investor name and password. My fault as I should not use so many different ones.
Can you trace anything under druid2 or welshdruid for me please. I know that other memerbs of the family have used welshdruid2,3 & 4. tks.

skg83239 - 25 Oct 2005 23:48 - 419 of 550

IanT(MoneyAM)
ECT (FTSE Small Cap) & ECPC (AIM) are listed in Euros not pence. Champ Invest is incorrectly using the Euro value as pence and blocking my initial trade.
For ECT mid 18.05 NMS 3000 = Max trade 36,686.64
Champ Invest shows ECT offer 18.5p NMS 3000 = Max trade 555.00

skg

IanT(MoneyAM) - 26 Oct 2005 07:44 - 420 of 550

skg,

As far as I am aware, the system can only quote in sterling - I will however get Karl to take a look,

Ian

Kayak - 26 Oct 2005 12:20 - 421 of 550

Use of the "Trade again with a new quote?" link appears to cause nesting in the LH frame.

StarFrog - 26 Oct 2005 13:42 - 422 of 550

I can't do any form of trade (buy or sell). Keep getting message:

Sorry your request cannot be processed as trading is not allowed during market auctions.See rules.

I thought market auctions were at the begining and end of the day. Or is there an early close today that I am unaware of?

IanT(MoneyAM) - 26 Oct 2005 13:43 - 423 of 550

Starfrog,

You are correct they are at the start and end of the day normally - I will get the tech guys to take a look,

Ian

IanT(MoneyAM) - 26 Oct 2005 13:44 - 424 of 550

Starfrog,

I have just tried it and got up a quote for it can you tell me some of the Epics you are using and I will see if I can replicate with them,

Ian

StarFrog - 26 Oct 2005 13:44 - 425 of 550

Thanks Ian

I was looking at ERT
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