ASX game

[Joules MM1]

My stats​

Performance summary
Overall ranking:	1,102
Ranking for: VIC	259
Portfolio value:	$51,784.08
Change from previous week:	0.617%
Portfolio high:	$51,784.08
Portfolio low:	$50,068.79
Overall ranked players:	8,354
Ranked players for: VIC	1,923
Average player value:	$50,540.87
% of players in profit:	67%

yesterdays close saw 67% all players in profit if memory serves we are down about 4k players compared to the last game
at 67% in profit that suggests we're due some sideways/ranging action in the major indexes at the minimum ...$xjo is mid in a large channel
so i want to find some entrances near the base of the channel otherwise await a breakout, this means missing some premium that's ok
buy shoes when theyre cheap
i smell distribution in the futures

 

[Joules MM1]

today is a very good day to differentiate between selling that forces prices down and the lack of bid, relative, that allows prices to sink

 

[Joules MM1]

local indexes have taken a small hit today, ideal time to practice some discounted purchases
practice risk profiling, no cost

 

[Joules MM1]

sure, plenty of platforms now provide free sims, they dont supply data for the full range of stocks you get in the game
..local indexes are now in a small bull retracement so this would be good time to look for value entries and
practise some practisy type stuff (..technical term)

 

[Joules MM1]

in the middle of one of Aus' greatest bull runs, yesterdays print , this:

Average player value:	$48,496.87
% of players in profit:	18%

 

[peter2]

"Aus' greatest bull runs," slight exaggeration Joules. Yes, someone reads your posts.

The ASX game started on Aug 12 and the index XJO has dropped 3.8%. Include 2% brokerage and the XJO buy and holder should have a balance approx $47,138.

The player average is doing quite well.

 

[Joules MM1]

Chart Image

www.tradingview.com

at "1" (blue) we have now exceeded the longest retracement period since the major low in March 2020
at "1" we have also not reached the price length of the first pullback in this current bull leg, suggesting we still have some ways to go

perfect time to practise entries n exits (?)

 

[Joules MM1]

asx game closes tomorrow

ASX Sharemarket Game

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game.asx.com.au

made chopped liver of some good opportunities by not paying attention each day (15 weeks)
BBN, BEAR, GEM, GMA, LSF
4 chosen, appeared to have decent trends, the contra code was for index rotation or basic dips that appeared at hand
the $xjo printed an altime high 13th Aug (day after comp opened) and been in a large sideways shuffle thru the comp

worst performance (by me) was on BBN got in wrong held wrong got out wrong (cant be more technical than that!)
tools used: 9rsi 15m, 30min + daily, channels n coffee (obviously not enough!)
judging by my crap result i could have just bought an etf cos the market beat me