hey, stockanons
Still trying to get a better understanding
of what happens END OF DAY on
Settlement Dates.
If stock purchased let's say days ago
is now DOWN by, let's say, $10, TOTAL,
for the 10 stocks purchased,
(purchase price $50, current mkt value $40)
will nothing more than just an OFFICIAL
finalization of purchase happen end of day?
As in, the $50 used to buy the 10 shares
will OFFICIALLY be TAKEN OUT of my
account and I NOW OWN the said 10 shares?
Or, is it more complicated than that, as in,
will I be charged an additional $1 per share
since that's the amount of the DROP in value
per share?
Or will I be charged the TOTAL DROP in
value, the $10, per share, meaning an
ADDITIONAL $100
ON TOP of the initial purchase price of
$50?
What happens with the shares of purchases
that INCREASED in value since initial date
of purchase?
Completely new to this whole stock/trading
thing so, I have absolutely NO CLUE
what I'm doing other than trying to play
the game.
Just really need some help with
understanding terms and what to expect.
Thanks, anons.