![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
seperisThis is a short, very simplified (because holy shit, let me say, complex), and easy to follow tutorial on markets and exchanges, part 1
Over the next year,jamethiel and I will be adding options on as googledocs allows, among them ETF's, mutual funds, and my personal favorites of complexity, IPOs. Each will be announced ahead of time, explained as thoroughly as we can, and a solid date for when trading can begin on them given. Any major updates or changes to gameplay will occur in April, July, or October, since quarters are easy ways to split the year. So everyone has plenty of time.
Current Gameplay for January
1.) There are no transaction fees for anything.
This was announced in an earlier post, but there's been a lot of information, so it was probably easy to miss. There are no transaction fees this month. This is to get used to buying and selling, reading about your companies, and knowing what to look for, and getting adapted to tickers and recognizing them. This is also to encourage you to try out new things.
2.) There are unlimited takebacks.
You can kill a buy at any time in the month of January and redo. In the same thread as you originally bought something, add a Takeback to the subject line, and we'll remove it. All trades that are still not in Takeback stand when January ends.
By the end of January, provided you go a little crazy, which I encourage highly, you should be able to look up a company, find the ticker, ID the price and time, and post it without worry. You should be able to calculate the total cost.
And you should be able to tell us what exchange it trades on.
That part, that's new.
( welcome to thunderdome; no, really, have you seen the movie Wall Street? Yeah. )
So here's what we know:
Stock Exchange - a company or entity that facilitates the buying and trading of securities (such as stock). It is located in a place, but it is not a place. It is a company.
Listing - companies that can sell securities on an exchange. They do not do this themselves as a rule. They get a member of the exchange to do it.
Membership - companies that do the buying and the selling. Sometimes, they cause the Great Depression. Sometimes, they don't.
On the MasterList spreadsheet, the last sheet named Copy of Participants has a short list of your markets. This list will be expanded.
On the sheet labeled AllMarkets (second one), that's a running list of all stock exchanges in the world. It is a work in progress and is not complete.
Your Market shows up here as well.
Final Note
Questions, corrections, changes, for the love of God, please do so. This will go into more detail and complexity in following entries, so this needs to make sense first. And come April, it will come into gameplay.
Over the next year,
jamethiel and I will be adding options on as googledocs allows, among them ETF's, mutual funds, and my personal favorites of complexity, IPOs. Each will be announced ahead of time, explained as thoroughly as we can, and a solid date for when trading can begin on them given. Any major updates or changes to gameplay will occur in April, July, or October, since quarters are easy ways to split the year. So everyone has plenty of time.Current Gameplay for January
1.) There are no transaction fees for anything.
This was announced in an earlier post, but there's been a lot of information, so it was probably easy to miss. There are no transaction fees this month. This is to get used to buying and selling, reading about your companies, and knowing what to look for, and getting adapted to tickers and recognizing them. This is also to encourage you to try out new things.
2.) There are unlimited takebacks.
You can kill a buy at any time in the month of January and redo. In the same thread as you originally bought something, add a Takeback to the subject line, and we'll remove it. All trades that are still not in Takeback stand when January ends.
By the end of January, provided you go a little crazy, which I encourage highly, you should be able to look up a company, find the ticker, ID the price and time, and post it without worry. You should be able to calculate the total cost.
And you should be able to tell us what exchange it trades on.
That part, that's new.
( welcome to thunderdome; no, really, have you seen the movie Wall Street? Yeah. )So here's what we know:
Stock Exchange - a company or entity that facilitates the buying and trading of securities (such as stock). It is located in a place, but it is not a place. It is a company.
Listing - companies that can sell securities on an exchange. They do not do this themselves as a rule. They get a member of the exchange to do it.
Membership - companies that do the buying and the selling. Sometimes, they cause the Great Depression. Sometimes, they don't.
On the MasterList spreadsheet, the last sheet named Copy of Participants has a short list of your markets. This list will be expanded.
On the sheet labeled AllMarkets (second one), that's a running list of all stock exchanges in the world. It is a work in progress and is not complete.
Your Market shows up here as well.
Final Note
Questions, corrections, changes, for the love of God, please do so. This will go into more detail and complexity in following entries, so this needs to make sense first. And come April, it will come into gameplay.
