{"id":575,"date":"2017-09-18T00:04:19","date_gmt":"2017-09-17T17:04:19","guid":{"rendered":"https:\/\/swingfish.trade\/wblog\/?p=575"},"modified":"2024-08-07T07:20:35","modified_gmt":"2024-08-07T00:20:35","slug":"challenge-account-balance-differences","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/trading-journal\/2017\/09\/challenge-account-balance-differences\/","title":{"rendered":"Challenge Account Balance Differences"},"content":{"rendered":"<p>Total Gain after closing on Friday\u00c2\u00a0is +8.9% but the account Balance is higher due to Commissions\u00c2\u00a0(IB, mirror, and refunds) has been paid as well.<br \/>\nso Sunday Closing Balance was $ 1359.36<\/p>\n<p>I will withdraw\u00c2\u00a0the commissions\u00c2\u00a0from the account to reset the account to the current gain of 8.9 %.<\/p>\n<p>Monday opening Balance will be:\u00c2\u00a0<strong>$ 1089.00<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h3>Show me the Differences<\/h3>\n<p>well first we have to remove the initial Balance of 1000$<br \/>\nplus the gain of 8.9% (89$)<\/p>\n<p>leaves us with <strong>270.36$<\/strong><\/p>\n<p><strong>226.92$<\/strong>\u00c2\u00a0are from IB Commissions paid to this account (this is unrelated to the challenge)<\/p>\n<p>Additionally, <strong>43.44$\u00c2\u00a0<\/strong>has been paid as Mirror Fees to the account.<br \/>\nresulting in other users copy trades and pay a marked-up commission\u00c2\u00a0of <strong>5$ per Million traded<\/strong>.<br \/>\nfrom this 5$ the account receives\u00c2\u00a066% (rest is shared with the broker and Spotware for executing the trades)<\/p>\n<h4>as you can see by this example,<br \/>\nit is possible to make honest money with providing additional Services as a Trader.<\/h4>\n<p>without the need of posting photos of rental Ferraris\u00c2\u00a0or fake Watches on Instagram<br \/>\nor charge users 50$ for a Signalservice\u00c2\u00a0or &#8220;Education&#8221;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total Gain after closing on Friday\u00c2\u00a0is +8.9% but the account Balance is higher due to Commissions\u00c2\u00a0(IB, mirror, and refunds) has been paid as well. so Sunday Closing Balance was $ 1359.36 I will withdraw\u00c2\u00a0the commissions\u00c2\u00a0from the account to reset the account to the current gain of 8.9 %. Monday opening Balance will be:\u00c2\u00a0$ 1089.00 &nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123,39,3],"tags":[],"class_list":["post-575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prop-trading-firms","category-swingfish-updates","category-trading-journal"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=575"}],"version-history":[{"count":8,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/575\/revisions"}],"predecessor-version":[{"id":584,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/575\/revisions\/584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media\/926"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}