Have a question about any aspect of trading on iPredict? Ask it here. /forum/list.php?20 Tue, 26 Jan 2016 01:49:53 +1300 Phorum 5.2.10 /forum/read.php?20,34839,34847#msg-34847 /forum/read.php?20,34839,34847#msg-34847 maxb Ask A Question Wed, 13 Jan 2016 10:40:26 +1300 /forum/read.php?20,34839,34845#msg-34845 /forum/read.php?20,34839,34845#msg-34845
I was surprised too!

I was hurriedly checking the news; figuring that one of them must have unexpectedly passed away or something.]]> 12.31pm Ask A Question Mon, 11 Jan 2016 21:35:35 +1300 /forum/read.php?20,34839,34842#msg-34842 /forum/read.php?20,34839,34842#msg-34842 maxb Ask A Question Sat, 09 Jan 2016 13:13:30 +1300 /forum/read.php?20,34839,34839#msg-34839 /forum/read.php?20,34839,34839#msg-34839
I am out of pocket as a result of the closure and I feel ripped off. I posted in this thread: [www.ipredict.co.nz] and I contacted ipredict privately but have received no response.]]> maxb Ask A Question Fri, 08 Jan 2016 12:13:16 +1300 /forum/read.php?20,34834,34834#msg-34834 /forum/read.php?20,34834,34834#msg-34834
If I'm reading the contracts correctly, should either a PP or PSOE prime minister be elected following a second election, that would cause the contract to close at $1, since the contract is defined in terms of the constitutional appointment of a prime minister rather than the outcome of any particular election.

Is my interpretation correct?]]> maxb Ask A Question Tue, 05 Jan 2016 16:13:58 +1300 /forum/read.php?20,34812,34817#msg-34817 /forum/read.php?20,34812,34817#msg-34817
Market Maker



@maxb

I won't be expecting it to really be getting any better.]]> 12.31pm Ask A Question Wed, 23 Dec 2015 22:54:53 +1300 /forum/read.php?20,34812,34813#msg-34813 /forum/read.php?20,34812,34813#msg-34813 rene_lp Ask A Question Sat, 19 Dec 2015 23:19:00 +1300 /forum/read.php?20,34812,34812#msg-34812 /forum/read.php?20,34812,34812#msg-34812 maxb Ask A Question Fri, 18 Dec 2015 16:24:23 +1300 /forum/read.php?20,34699,34702#msg-34702 /forum/read.php?20,34699,34702#msg-34702
To avoid this, I suggest having your Trades in 'Advanced' interface.]]> 12.31pm Ask A Question Sat, 07 Nov 2015 14:14:41 +1300 /forum/read.php?20,34700,34701#msg-34701 /forum/read.php?20,34700,34701#msg-34701 12.31pm Ask A Question Sat, 07 Nov 2015 14:07:45 +1300 /forum/read.php?20,34700,34700#msg-34700 /forum/read.php?20,34700,34700#msg-34700 tooplel Ask A Question Sat, 07 Nov 2015 01:03:51 +1300 /forum/read.php?20,34699,34699#msg-34699 /forum/read.php?20,34699,34699#msg-34699 The_Doctor Ask A Question Fri, 06 Nov 2015 16:59:42 +1300 /forum/read.php?20,34050,34376#msg-34376 /forum/read.php?20,34050,34376#msg-34376 If you hover over the 'i' button it shows you an explanation of the Performance calculation:

"This chart shows your performance according to your return on investment (ROI) over the past few weeks. This chart is updated nightly.
ROI is the ratio of earnings to amount deposited over the lifetime of your account. For example, if you put in $10, did some trading and got your net worth to $15, then your earnings are $5 and your ROI is +50%.
ROI is calculated as follows:
(Current Net Worth + Total Cash Withdrawn) / (Total Cash Deposited) - 1"

Hope this answers your question.]]> admin Ask A Question Mon, 21 Sep 2015 09:32:50 +1200 /forum/read.php?20,34050,34371#msg-34371 /forum/read.php?20,34050,34371#msg-34371 DrPierreHazedoneas Ask A Question Sat, 19 Sep 2015 05:41:51 +1200 /forum/read.php?20,34333,34361#msg-34361 /forum/read.php?20,34333,34361#msg-34361
'Person X' bets $0.5000 that 'Stock A' will close at $1.000 by creating a BUY offer at $0.5000

'Person Y' bets $0.5000 that 'Stock A' will close at $0.000 by taking 'Person X's' bet with a SELL offer at $0.5000

These two offers are matched.



Person X now has 1 stock

Person Y now has 1 stock shorted


When the stock closes, it will cancel out to 0.

So for every positive, a negative is created and vise versa.



Did that make sense?]]> 12.31pm Ask A Question Thu, 17 Sep 2015 01:48:43 +1200 /forum/read.php?20,34333,34340#msg-34340 /forum/read.php?20,34333,34340#msg-34340 I will answer what I can:

Stock is determined by the number of people available to trade or, early in trading, by a Market Maker which increases liquidity at the start & a little throughout the contract's duration.

I don't know how many stocks the market maker offers all up, sorry.

The system determines how many available stocks there are to trade and allows you to do that many trades.

Initial price is a judgment call by admin - I'm not certain there ever is a specific number of stocks allocated.]]> admin Ask A Question Mon, 14 Sep 2015 09:01:51 +1200 /forum/read.php?20,34333,34333#msg-34333 /forum/read.php?20,34333,34333#msg-34333
I've got a few questions on the allocation of stocks (in particular, ones that aren't part of a bundle):

How does stock allocation work for stocks that aren't in a bundle?

How many stocks are initially allocated and at what price?

Is the allocation ever increased during the life of the stock?

Are all the buy and sell offers only from other members or are some from iPredict itself?

Why don't you show how many total stocks a prediction has allocated?]]> AztecKnight Ask A Question Sun, 13 Sep 2015 09:05:28 +1200 /forum/read.php?20,34258,34271#msg-34271 /forum/read.php?20,34258,34271#msg-34271
The updated source is noted. Many thanks for your time rectifying this.]]> LaxTrade Ask A Question Wed, 26 Aug 2015 15:16:28 +1200 /forum/read.php?20,34258,34268#msg-34268 /forum/read.php?20,34258,34268#msg-34268
As we cannot "unclose" contracts, we are financially correcting all accounts impacted by this incorrect stock closure.

Please note from now on the correct source is AA Petrolwatch. Sorry again and thank you for discussing this!

Let us know if you have any other concerns.]]> admin Ask A Question Wed, 26 Aug 2015 14:45:47 +1200 /forum/read.php?20,34258,34265#msg-34265 /forum/read.php?20,34258,34265#msg-34265
When did this change happen? (as an aside MBIE prices are unweighted weekly averages, AA prices is as it sits on the last day of change).

Contracts were traded based on the contract conditions given as set by iPredict. I was under the impression that contract law would apply here with offer and acceptance taking place based on the contract notes given (as the doctor notes above).

Happy for you to put the hand up this time and pay out based on your error and lack of warning. It does bring a loss of confidence regarding determining contract outcomes.

Let me know how you wish to proceed.]]> LaxTrade Ask A Question Tue, 25 Aug 2015 23:40:07 +1200 /forum/read.php?20,34258,34264#msg-34264 /forum/read.php?20,34258,34264#msg-34264
This contract will close when the Ministry of Economic Development publishes regular petrol price data for the week ended 21 August 2015. From the contract:


"Results published by the Ministry of Economic Development will be taken 'as is', without rounding."

The AA price is a completely different measure to the one defined in the stock. If I was on the wrong end of this I would be furious. In the event it just leads to a lack of confidence in the way stocks are determined.]]> thedoctor Ask A Question Tue, 25 Aug 2015 14:35:03 +1200 /forum/read.php?20,34258,34262#msg-34262 /forum/read.php?20,34258,34262#msg-34262
We had an error in our contract. The data used by MBIE (found at: [www.mbie.govt.nz] ) does not differentiate between the price of 91 and 95 Octane instead averaging the price of the two together.

As a result we have decided to switch to a different source of information. The new source is the AA ‘Petrolwatch’ site: [www.aa.co.nz]. This website provides more timely updates and differentiates between the cost of 91 and 95. The closing price will in future be the average cost of 91 in Auckland, Wellington, and Christchurch.

Sorry for the lack of warning!]]> admin Ask A Question Tue, 25 Aug 2015 13:21:50 +1200 /forum/read.php?20,34258,34261#msg-34261 /forum/read.php?20,34258,34261#msg-34261
This stock, for petrol closing at 1.974-2.024 closed at a dollar, but the latest update here suggests the price was 2.04.

One of the stocks appeared to disappear at some point yesterday, but on the Sunday before there was quite a lot of movement with the price of 91 in Wellington (what MBIE refers to as the "national price" falling in the last couple of days of last week.

Admin can we get a clarification? I was not short the stock that closed at a dollar, but shortly before it closed offered to go short because the price appeared to be wrong to me. Unless I have made a mistake, presumably someone missed out here.]]> thedoctor Ask A Question Tue, 25 Aug 2015 12:55:53 +1200 /forum/read.php?20,34258,34258#msg-34258 /forum/read.php?20,34258,34258#msg-34258 www.mbie.govt.nz]

But the 21 August stock has closed and there is no update to the website spreadsheet (as at 12:04pm 24 August 2015) Is there another source that I am unaware of that the closure is based on?

Many thanks.]]> LaxTrade Ask A Question Mon, 24 Aug 2015 12:06:54 +1200 /forum/read.php?20,34248,34253#msg-34253 /forum/read.php?20,34248,34253#msg-34253
I'll bundle petrol now, and if you see contracts you want bundled just let us know.]]> admin Ask A Question Tue, 18 Aug 2015 09:32:48 +1200 /forum/read.php?20,34248,34252#msg-34252 /forum/read.php?20,34248,34252#msg-34252 For example the petrol price has multiple possible outcomes of which only one will be correct on the day
What gets a stock with multiple possible outcomes put in to the site as a bundle ?
There;s around 30 bundles available now - why not more ?]]> Cyclops001 Ask A Question Mon, 17 Aug 2015 19:58:16 +1200 /forum/read.php?20,34248,34249#msg-34249 /forum/read.php?20,34248,34249#msg-34249
Are there any you think should be bundled / unbundled?]]> admin Ask A Question Mon, 17 Aug 2015 09:12:50 +1200 /forum/read.php?20,34248,34248#msg-34248 /forum/read.php?20,34248,34248#msg-34248 Cyclops001 Ask A Question Sun, 16 Aug 2015 15:57:58 +1200 /forum/read.php?20,34211,34220#msg-34220 /forum/read.php?20,34211,34220#msg-34220 admin Ask A Question Thu, 30 Jul 2015 08:30:44 +1200 /forum/read.php?20,34211,34211#msg-34211 /forum/read.php?20,34211,34211#msg-34211 I know sport is a no go but how about entertainment ?]]> Cyclops001 Ask A Question Mon, 27 Jul 2015 19:36:01 +1200