News.com.au SuperTrader competition - Win 10K

[So_Cynical]

Westpac and news.com.au are hosting a new ASX trading game with a final prize package valued at 15 grand (10K cash) and 6 weekly prizes of 1K

http://supertrader.news.com.au/

You can trade any ordinary stock listed on the ASX....game runs for 6 weeks starting Sept 5 and of course registration and play is free, maximum investment in any one stock is 20% of your portfolio value and you get 100K play money to start.

I'm in

 

[skc]

Westpac and news.com.au are hosting a new ASX trading game with a final prize package valued at 15 grand (10K cash) and 6 weekly prizes of 1K

http://supertrader.news.com.au/

You can trade any ordinary stock listed on the ASX....game runs for 6 weeks starting Sept 5 and of course registration and play is free, maximum investment in any one stock is 20% of your portfolio value and you get 100K play money to start.

I'm in

This has got to be a joke right?

* The competition is based on a 20 minute delayed feed. For the purpose of the competition, the market hours are approximately 10:20am to approximately 4:40pm AEST on business days.

All orders will be initially recorded as Open Orders on your portfolio page. All 'at market' orders will be filled and confirmed on a random basis between 20-35 minutes after being placed (to negate any advantage to those who may have access to live ASX quotes). Limit orders will be open for at least 20-35 minutes, and will remain as Open Orders until they are filled, when and if this Limit price is reached (unless otherwise cancelled).

The winner will be the person who can spend most time sitting in front of computer scanning for shares that exploit this. What a joke!

*Secretly signing up*

 

[pavilion103]

Westpac and news.com.au are hosting a new ASX trading game with a final prize package valued at 15 grand (10K cash) and 6 weekly prizes of 1K

http://supertrader.news.com.au/

You can trade any ordinary stock listed on the ASX....game runs for 6 weeks starting Sept 5 and of course registration and play is free, maximum investment in any one stock is 20% of your portfolio value and you get 100K play money to start.

I'm in

Loving it mate. Thanks for the heads up. Much more appealing to me than the regular ASX game where stock selection is so small.

 

[investorpaul]

This has got to be a joke right?





The winner will be the person who can spend most time sitting in front of computer scanning for shares that exploit this. What a joke!

*Secretly signing up*

Yer does this mean you could find a share that say opened at $1.01 and quickly rose to $1.10 within the first 20 mins of trade.

You then place a limit order to purchase at 1.01 and because that was a quoted price during the 20 mins it would be exectuted. (althought it randomly happen within 20-35 mins).

You then obviously place a sell order at 1.10 and because it also also traded at this price you the order will eventually be executed albeit with a delay?

Surely this is not the case, however thats how it reads to me. Otherwise what is the point of a limit order because you will know 20 mins in advance what the real price is and thus will be at some point in the competition.

 

[skc]

Yer does this mean you could find a share that say opened at $1.01 and quickly rose to $1.10 within the first 20 mins of trade.

You then place a limit order to purchase at 1.01 and because that was a quoted price during the 20 mins it would be exectuted. (althought it randomly happen within 20-35 mins).

You then obviously place a sell order at 1.10 and because it also also traded at this price you the order will eventually be executed albeit with a delay?

Surely this is not the case, however thats how it reads to me. Otherwise what is the point of a limit order because you will know 20 mins in advance what the real price is and thus will be at some point in the competition.

Well either that or you get your order filled randomly some where between $1.01 and $1.10. Either way - stupidest competition format ever!

 

[skyQuake]

Well either that or you get your order filled randomly some where between $1.01 and $1.10. Either way - stupidest competition format ever!

Trading with a 5~15mins of foresight. My god.
And to think HFT beat each other by nanoseconds.

 

[investorpaul]

Well either that or you get your order filled randomly some where between $1.01 and $1.10. Either way - stupidest competition format ever!

If it is just randomly filled then, what is the point of the limit order?

Unless they mean that you can place a limit order but it wont hit the market until after the 20 odd minutes (therefore you cannot profit from this opportunity becase the price well and truely risen by then).

However I do agree its a stupid format. I don't know why they dont just use the asx format that seemed to work ok back in the day

 

[skyQuake]

Bah - looks like they made some changes.

Order gets done in 30min. Prices are delayed by 20min. Net result = you are done 10min behind an order that is put in live.

Oh wells

 

[davede]

The game started today.

Looking forward to making some silly bets.

On the delayed prices:

Please note that unlike normal share trading, SuperTrader operates on a delayed price feed and as such orders are also delayed by 20-35 minutes. This is to ensure no advantage is gained by players who have access to free live pricing such as those with a Westpac Online Investing account.

(appears when placing an order)

 

[skc]

The game started today.

Looking forward to making some silly bets.

On the delayed prices:

(appears when placing an order)

stupidest competition format ever!

I stand by my claim...

 

[davede]

It's less than ideal.

I guess that there are certain technical issues with getting price info that is not delayed.

However the competition is what it is. It is designed to get people to sign up with WPac and give them lots of commission. It's geared towards stock pickers with longer-time frames and certainly isn't designed for day traders to prover their charting skills

 

[skc]

It's less than ideal.

I guess that there are certain technical issues with getting price info that is not delayed.

However the competition is what it is. It is designed to get people to sign up with WPac and give them lots of commission. It's geared towards stock pickers with longer-time frames and certainly isn't designed for day traders to prover their charting skills

I will bet you any money the winner will be day trading and trading very frequently.

 

[So_Cynical]

I will bet you any money the winner will be day trading and trading very frequently.

Yep that's how it always works with the ASX game...anyhow im off to a good start, finishing day one in the top 150.

I have 5 stocks (3 big caps, 1 mid, 1 micro) with 20K in each, all CD with a pay day in the next 2 weeks...so im going to have a little dividend play.
~

 

[davede]

Very interesting, thanks for that.

Congrats on being in the top 150 so cynical!

How many people are in the comp?

 

[skc]

Very interesting, thanks for that.

Congrats on being in the top 150 so cynical!

How many people are in the comp?

154. Lol JK

 

[trillionaire#1]

im playing this game ,its a fun distraction during the day,im coming 72 on day 2
i expect my ranking may fluctuate wildly as i play around with micro cap stocks like,
neu,and nwt!,good luck to all players ,especially me

 

[So_Cynical]

LOL ive slipped a little in the rankings.

So_Cynical Overall Ranking 4326 of 12107

The comp leader has made 57K in 3 days.

 

[theartglasshouse]

I am ranked 3035, but by tomorrow it will be a lot lower :

I will be happy to end up in the top 1,000, with a bit of luck!

 

[LostMyShirt]

LOL ive slipped a little in the rankings.

So_Cynical Overall Ranking 4326 of 12107

The comp leader has made 57K in 3 days.

Don't you find it odd?

I find it odd because the stocks he invested in were in the 1-2c region. From 0 trading activity he snagged a win and made 100 percent on a single stock (1 cent buy two cent sell).

I understand that to increase margins invest in small stocks so if they jump they really jump your percentage - but wow! what a pick! In the mean time I am getting my butt kicked...

 

[skc]

Don't you find it odd?

I find it odd because the stocks he invested in were in the 1-2c region. From 0 trading activity he snagged a win and made 100 percent on a single stock (1 cent buy two cent sell).

I understand that to increase margins invest in small stocks so if they jump they really jump your percentage - but wow! what a pick! In the mean time I am getting my butt kicked...

This competition in no way represents true trading. The volume aren't there to transact the 0.1c to 0.2c positions.

The winner is simply the person who's best at exploiting the loophole of the game.

In that sense I guess it's a bit like the real market...