Some tips on how to get your market assignment done without much blood, sweat and tears
1. Your User ID and Password:
a. You will be given your User ID and Password for trading in the Market in your lab session on 17th January [Extension students] (19th January [Day students]). This name and password is unique and is generated for this market. You need both to access the market. Take good care of the ID and Password.
b. If you were enrolled in this course before, and were given an ID and Password, and you did not sign your withdrawal form at the end of the course, you probably still have an account. You should use that old ID and Password number.
c. If you lose or misplace your ID/Password, or it doesn't seem to work, contact Ms. Nora Breems at 645, Management & Economics for help. She is NOT available on the phone for Market help. Please come personally to the office to get help.
2. Statement Cut-off Dates:
Note that though you turn in your first statement on Feb. 5/6th, you should have finished trading by February 2nd. The statements you will hand in will reflect transactions up to February 2nd. Similarly, the cutoff for the second assignment is February 16th. Make a careful note of these dates. If you do not have enough trades by the cutoff trades, you will lose points.
3. Trade Early and Often:
There are two problems associated with procrastinating and trying to get all your trading done on the last day.
a. As they say, "It takes two to tango". Even if you want to trade, you need to find somebody else who wishes to trade with you. This means that you end up losing money since you are under pressure to trade whoever offers to trade, and cannot wait for a better deal.
b. While the Market Computer is a very sturdy machine, it still has a limited number of modems. You may not be able to connect to the machine if there 400 people trying to get on at the same time. You don't want to be trapped in a situation where you haven't done your trades, and are not able to get a connection.
