ASX Sharemarket Game 2004

[JetDollars]

Hi All,

Anyone here playing the ASX Sharemarket Game at the moment?

I am, but I am not doing well at this stage.

If you do play the game:
1. What is your strategy to be successful?
2. Has are you going about selecting the stocks? Using fundamental or technical analysis?

Hope to hear from you.

 

[richbb]

Re: ASX Sharemarket Game!

Hi All,

Anyone here playing the ASX Sharemarket Game at the moment?

I am, but I am not doing well at this stage.

If you do play the game:
1. What is your strategy to be successful?
2. Has are you going about selecting the stocks? Using fundamental or technical analysis?

Hope to hear from you.

Hi, Jetdollars,
Yes, I am, but NOT playing. I do trading as a serious business and looking promising.

I don't think you'll be successful if you don't have the right attitude. So keep in mind, trading is a hard journey, a learning process.

Hope that'll help!

Safe trading

richbb

 

[JetDollars]

Re: ASX Sharemarket Game!

Richbb,

Do you trade full time? or still working at other place?

I agreed with that trading is a learning process and on going commitment. There will be a roller coaster in any traders journey, but if they can pull it off then they will be a successful trader.

Currently I am doing a lot of reading especially Louise Bedford books. 1. Trading Secrets 2. Charting Secrets 3. The Secret of Candlestick Charting and 4. The Secret of Writing Options. I found the books very helpful and easy to read.

 

[richbb]

Re: ASX Sharemarket Game!

Hi, JetDollars, again,

I'm still part-time but spend more and more time in front of cpu. I've got other business which need me to look after.

My trading or investments goes back to about 1993
when I first time bought IPO of CBA. At that time, I knew little about stock market, and always had a view of long term. So that's why I saw TLS ipo@3.3, up to more than 9, still hold and only saw it down to 4. Also, Davnet from entry of about 2, still not selling at 6, but saw it to 4cents.
I have lots of lesson, and I learn from my past mistakes. Now, I combine the technicals with fundamentals, and stick to the stop loss(VERY IMPORTANT) and let profit run. Also, have a time-frame for short term no more than 4 weeks.

As Louise'book, I've read them all. It's OK, not very impresive, though. It's all very basic. I do use candlestick for my charting. My favorite Indicator is RSI.

Hope you'll do well

richbb

 

[JetDollars]

Re: ASX Sharemarket Game!

RichBB,

Thank you for those tips. Wow you have been riding the wave for a long time.

I did trade during the tek boom, but overall I lose...due to Libertyone go liquidation.

 

[paulm]

Asx Share Game

Hey everyone

Im still at highschool and playing the stock market game. Ive already bought ZINIFEX and OIL SEARCH. Any tips on stocks that should do well within the 10 week game???

Thanks

 

[tarnor]

Re: Asx Share Game

you could just look in the stock picks

I'd go with EMS personally, news coming shortly of machinery up and running and contracts signed off or you could take the other view that it's a dog and going no where

 

[GreatPig]

Re: Asx Share Game

Paul,

Im still at highschool and playing the stock market game.

I gather you're in the schools version, since Zinifex isn't an approved stock for the other game.

Ive already bought ZINIFEX and OIL SEARCH. Any tips on stocks that should do well within the 10 week game???

What are you basing your buying decisions on? Are you looking at fundamentals, charts, or just guessing?

And what strategy are you intending to use? Are you hoping to just buy good stocks and hold them until the end of the game or trade on shorter term movements?

Cheers,
GP

 

[GreatPig]

Re: Asx Share Game

I'd go with EMS personally

EMS is not an approved stock for the game.

Cheers,
GP

 

[RichKid]

Re: Asx Share Game

Just a reminder guys- Registration for the next game closes in a few days (22 Sep?). See www.asx.com.au

RichKid

 

[kifoghorn]

Re: Asx Share Game

So guys the Asx Game started today. Mine me asking what everyone has started off with?

I have no idea what I am doing and as I read you first need to buy a min 500 shares in a company I started off with these;

amp 500 @ limit 6.24
anz 500 @ limit 18.48
ctx 500 @ limit 8.96
fcl 500 @ limit 13.41

 

[kifoghorn]

ASX game

So guys the Asx Game started yesterday. Mine me asking what everyone has started off with?

I have no idea what I am doing and as I read you first need to buy a min 500 shares in a company I started off with these;

amp 500 @ limit 6.24
anz 500 @ limit 18.48
ctx 500 @ limit 8.96
fcl 500 @ limit 13.41

Well I thought I did, found out today I made a mistake instead of

fcl 500 @ limit 13.41 it was agl

 

[Bingo]

Re: ASX game

So guys the Asx Game started yesterday. Mine me asking what everyone has started off with?

I have no idea what I am doing and as I read you first need to buy a min 500 shares in a company I started off with these;

amp 500 @ limit 6.24
anz 500 @ limit 18.48
ctx 500 @ limit 8.96
fcl 500 @ limit 13.41

Well I thought I did, found out today I made a mistake instead of

fcl 500 @ limit 13.41 it was agl

In order to minimise costs I suggest you look at the total cost of your buys and not the number of shares. The rules of the game are each purchase must be less than 25% of your total value. As you start with $50,000 that means you can only spend $12,500 on any single purchase. I suggest that to keep your brokerage costs lower buy between $8,000 and $12,000.

Your purhases of AMP at $3,120 and CTX at $4,480 were a little low. The key point I am making is when you decide what you will buy look at the value of the purchase and don't focus on 500 shares.

I started off with 2,000 WMR at $5.19 (to-day) and 8,000 OSH at $1.44 (yesterday). I missed CML when they fell to as low as $9.12 yesterday, I got a bit greedy and was waiting for $9.10.

Have fun.

Bingo

 

[kifoghorn]

Re: ASX game

Thanks for your reply, will look at value next time.

I hope you have better luck than me

 

[JetDollars]

Re: Asx Share Game

My portfolio:
BUY ALL ($7,081.80) 966 $7.30 $30.00 Fri, 24 Sep 2004 10:00:21 AM AEST
BUY BSL ($6,388.30) 730 $8.71 $30.00 Fri, 24 Sep 2004 10:01:15 AM AEST
BUY BSL ($653.25) 75 $8.71 $0.00 Fri, 24 Sep 2004 10:01:21 AM AEST
BUY CCL ($7,032.46) 1,009 $6.94 $30.00 Fri, 24 Sep 2004 10:02:27 AM AEST
BUY JST ($7,004.25) 2,735 $2.55 $30.00 Fri, 24 Sep 2004 10:05:21 AM AEST
BUY TLS ($7,033.98) 1,503 $4.66 $30.00 Fri, 24 Sep 2004 10:10:03 AM AEST

 

[RichKid]

Re: ASX Sharemarket Game!

Hi There,
Well the new ASX Game started a couple of days ago. I found the earlier game very frustrating as there were so many technical glitches I stopped wasting my time on it. This time it is ok, so far.

I'm not taking it too seriously because of time constraints but it's a good opportunity for me to trade in blue chips- something I don't usually do. It'll be good to learn about the dynamics of these larger stocks.

The weekly newsletter is also useful and it helps to learn more about trading on the ASX (as their marketing exercise is designed to do).

RichKid

 

[RichKid]

Re: Asx Share Game

So guys the Asx Game started today. Mine me asking what everyone has started off with?

I have no idea what I am doing and as I read you first need to buy a min 500 shares in a company I started off with these;

amp 500 @ limit 6.24
anz 500 @ limit 18.48
ctx 500 @ limit 8.96
fcl 500 @ limit 13.41

Hi,
Isn't it $500 minimum for a marketable parcel? I try to buy in large blocks to keep brokerage downa and profits (and risk) high.

I've gone for CTX and STO so far. Orders pending on Leighton Holdings and Repco. Also have an eye to getting Bluescope or Onesteel and Brazin.

RichKid

 

[Redwing]

Re: ASX Sharemarket Game!

jet

I'm in the game..doing well compared to some....

i haven't done a trade yet (too busy at work) will be intersting to see how i progress though as i'll need to spend sometime looking at the stock choices they give you..............

REDWING

 

[JetDollars]

Re: Asx Share Game

Hi,
Isn't it $500 minimum for a marketable parcel? I try to buy in large blocks to keep brokerage downa and profits (and risk) high.

I've gone for CTX and STO so far. Orders pending on Leighton Holdings and Repco. Also have an eye to getting Bluescope or Onesteel and Brazin.

RichKid

$500 is the minimum per transaction.

I just pyramiding my BSL, CCL, ALL and JST 50% of my initial investment and it's doing well at the moment.

 

[telken]

ASX Comp

Hi All, just wanting to know if anyone else is participating in the ASX Comp...??