draft trading rules:
1. The first buy into a counter will not be charged a transaction fee (IPO stype). Subsequent transactions will be charged 2.1% standard
2. Buy orders will be executed AFTER sell orders
3. Once a sell order has been executed, the proceeds are immediately available for further trading (buys), technically meaning switching of counters is allowed. However, when switching, both the buy and sell will be charged the transaction fee . . .
4. Whenever orders are placed, the transactions will be executed at next available closing prices (BEFORE NEXT OPENING OF MARKETS)and confirmed on the thread
5. Reports will be reported either weekly (Friday closing) or in between when there are exciting developments (buys, sells, splits, dividends, etc)
6. Strategy will be measured on the 3 metrics:
a. Costs incurred when trading
b. Losses on individual counters
b. Book profits - (valuations will NOT be charged a 2.1% fee)
Happy trading
A bad day fishing is better than a good day at work