So I just opened my paper trading account(to learn forex) in which I bought Amazon back when I first started trading during the pandemic. I bought 100 amazon stocks and a few years later it has lost $367k. Apparently I bought it at $3250(10/16/2020 22:00) and now it's $180. It makes me wonder if paper trading is glitchy AF or ??? I'm using TDAmeritrade. Was there a stock split? Does this crap happen to real money accounts? Yahoo finance has it priced at $163 on that day so I should actually be up on my trade...
Anyway, if this doesn't seem relevant to TRP it should be instrumental in teaching others about the "trust but verify" mantra.
sombre77 1w ago
There was a 20:1 stock split on 06/06/2022. The paper trading on TDAmeritrade may not have reflected the split. If it was functioning correctly you should have 20 shares for each share you had before. (2000 in your case). So you originally "paid" $320,500 for the 100 shares. Now you have 2000 shares at 180 is $360,000. There is a lot of things in paper trading that don't always work. Your broker isn't making any money off of you practicing, so it will often be the lowest priority on their list.
whytehorse2021 1w ago
Oh that explains it. Thank!
Lone_Ranger 1 1w ago
OK - but did you just buy the stocks in a spot market or were you buy them as options / futures?
Because if they were anything other than spot, you would have had an ongoing charge to carry your option / future position.
whytehorse2021 1w ago
Nope! It was just a straight buy/hold with cash. Another person pointed out there was a 20:1 stock split that my broker didn't bother to update on that account.