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New daytrading rules (thread closed)

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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

This Post:
00
264414.69 in reply to 264414.68
Date: 10/24/2014 2:42:30 PM
Overall Posts Rated:
216216
Well, let's agree that it's good to stop excessive profiteering. On the rest of it, I think having a penalty is fine but it is too harsh and limits flexibility. However, everyone has to live by the same rules.

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