HOW TO TRADE
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Registration
You should be a registered user at moneypot. Registration is free. - Login and Click on 'Start Trading'
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Virtual money
For each game available, an initial virtual money will be available. -
Placing an order
To place an order, type the company name or a few characters of the company name. A list will pop up and you can select the company you want to trade on. On selection, its current price will be displayed. Enter the desired quantity to buy/sell. Select the desired type of transaction (Current price/Good for the day/Good for the week). Enter the limit price if you select Good for the day/week option. Hit the "Execute" button to place an order. -
Order Execution
'Current Price' orders are executed at the current market price at the time of order. Order will be executed within 5 minutes as the price feed is delayed. - Good for the Day/Week order get executed whenever market price hits the limit price mentioned by the player
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Trade Summary
The trading screen will display all the executed and pending orders of the day and the pending 'Good for the Week' orders. -
Portfolio
The Portfolio page provides a summary of your stock holdings for each game. -
Cash Book
The Cash book provides a summary of cash balances available -
Rank
The Ranking system provides a summary of the player's performance in each game. -
Points to note
Player can't trade for more than a certian amount per game in a single day. Most of the times this amount is set to 1 cr per day.
The feeds on moneypot are delayed feeds. The companies listed are traded on the BSE. -
Penny Stocks
Stocks with prices less than or equal to a certain fixed amount have been termed as penny stocks. Currently, the stock limit amount at Moneypot is Rs. 10.
Penny stocks cannot be traded at Moneypot, except if a user already has those shares in possession.
For e.g., if a user bought a particular scrip, say, at Rs. 11 (not a penny stock), but its price dropped down to Rs. 9 later (a penny stock), in such case, the user will be allowed to trade the shares at his possession. -
Short Sell Margin
Moneypot allows players to short sell shares. For which a percentage of their 'Cash in Hand' is reserved for Short cover termed as Short Margin.
Currently, the short margin at Moneypot is kept at 100%. This means, if you have Rs. 5,00,000 cash in hand, you will be able to short sell for Rs. 5,00,000 instead of the earlier Rs. 25,00,000, brokerage excluded. -
Stock Recommendation
Members at Moneypot.in can recommend stocks of their choice provided they fulfil any of the below mentioned condition- You should have played at least two games.
- Your ranked in top 25 for any of the game you played.
- Your have at least 30 likes from other members.