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New daytrading rules (thread closed)

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This Post:
00
264414.58 in reply to 264414.57
Date: 10/24/2014 9:38:29 AM
KS Goldena
PLK
Overall Posts Rated:
40804080
Second Team:
KS Golden Grizzlies
I still have never seen 100% of tax. Sorry, but it is ridiculous for me.

Wouldn't better to introduce rule that for example player can transfer to another team once for the season or once for half of the season?

This Post:
11
264414.59 in reply to 264414.56
Date: 10/24/2014 9:39:46 AM
Overall Posts Rated:
14901490
Not sure what you mean: if you buy a player for 1k and sell it for 150k are you not going to make a profit? You just need to re-sell at 160% the price (+ 1 week salary) you originally paid to make a profit. Since you guys go out and pay 1k-40k for your players you don't need very high prices to make a profit. Maybe you will not make the 500k profit you expected and make only 300k, it's still a great return on your investment.

The minimum seems to be around 55%.

This is the last player I bought:
You will receive 55% of the sale price after fees.
- This player has been on your team for 5 days
- You have sold 6 players in the past 14 weeks.

This is the player I've had for the longest time:
You will receive 97% of the sale price after fees.
- This player has been on your team for 359 days
- You have sold 6 players in the past 14 weeks.

I think mentioning 'fees' is misleading (unless they are going to introduce something else). As far as I know, if I sold the longest serving player I would indeed get 97% of the winning bid.

This Post:
00
264414.61 in reply to 264414.60
Date: 10/24/2014 9:50:03 AM
Overall Posts Rated:
14901490
Got it so it also depends on how many players you've sold in the last 14 weeks?

Edit: Sorry I missed Headless T Gunner's post

Last edited by Lemonshine at 10/24/2014 9:52:01 AM

This Post:
11
264414.63 in reply to 264414.59
Date: 10/24/2014 12:52:54 PM
KS Goldena
PLK
Overall Posts Rated:
40804080
Second Team:
KS Golden Grizzlies
Did you see my -2%. -2% is lower than 0%...so I will get nothing. Do nothing can be profitable? I don't think so

From: Nyc_21

This Post:
00
264414.64 in reply to 264414.63
Date: 10/24/2014 12:56:47 PM
New York Knicks|NYK
IV.7
Overall Posts Rated:
6464
You will receive -7% of the sale price after fees.
- This player has been on your team for 5 days
- You have sold 19 players in the past 14 weeks. :)

But I like this rule.

Last edited by Nyc_21 at 10/24/2014 12:58:16 PM

This Post:
00
264414.65 in reply to 264414.63
Date: 10/24/2014 1:10:36 PM
Overall Posts Rated:
32293229
Did you see my -2%. -2% is lower than 0%...so I will get nothing. Do nothing can be profitable? I don't think so


Sure, if you amass a large enough pile of nothings that it spontaneously evolves into something.

(Or, possibly, you might end up getting enough of a penalty to underflow the tax rate and end up getting 32767%)

From: Jay_m
This Post:
00
264414.67 in reply to 264414.65
Date: 10/24/2014 1:23:02 PM
Overall Posts Rated:
216216
I just think there is a difference between trading and daytrading. If you make 10 - 20%, that's a good appreciation of value. If you make 100% or more consistently, then there may be something wrong. Tax the profits on a sliding scale if you want, even to -2 or -7% but not the principal. If I buy for 200k and sell 2 weeks later for 200k, I don't see why that should be penalized to the level of $100k

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