ASX Sharemarket Game 2008

[Soontoberich]

Re: ASX Sharemarket game

Started out in 30% but now have dropped back to about 50%. Got wiped out with CPU. This is my first ASX game. I wasn't expecting to be at the top, but I don't want to get creamed. Anyone have any suggestions? Do most people look at what will go well over the six months, buy and hold until near the end, or do they go more short term?

What not to buy (what I've got):
BHP, CPU, MND, ANN

 

[Julia]

Re: ASX Sharemarket game

Started out in 30% but now have dropped back to about 50%. Got wiped out with CPU. This is my first ASX game. I wasn't expecting to be at the top, but I don't want to get creamed. Anyone have any suggestions? Do most people look at what will go well over the six months, buy and hold until near the end, or do they go more short term?

What not to buy (what I've got):
BHP, CPU, MND, ANN

How did you get 'wiped out' with CPU? It has been doing very well.
Ditto MND

Regarding whether to buy and hold for the six months, or short term trade, presumably this is one of the aspects that determines your skill, i.e. what decisions you make in this regard.

 

[Soontoberich]

Re: ASX Sharemarket game

CPU doing well?

Well I bought it at 12.34 (thought I would've got it at 12.15 but bought 'at market')
Have a look at the chart. Its now 11.89. They might have looked good for the past six months but the game only started last week.

 

[Soontoberich]

Re: ASX Sharemarket game

Not that I'm an expert, a complete beginner to be exact, but I would have thought that it's *my skill* that determines the decisions I make - not the other way around. I am reading and posting on the forum in an effort to increase my skill/knowledge.

 

[Julia]

Re: ASX Sharemarket game

How did you get 'wiped out' with CPU? It has been doing very well.
Ditto MND

CPU doing well?

Well I bought it at 12.34 (thought I would've got it at 12.15 but bought 'at market')
Have a look at the chart. Its now 11.89. They might have looked good for the past six months but the game only started last week.

OK. I wasn't aware the game only started last week.

Regarding whether to buy and hold for the six months, or short term trade, presumably this is one of the aspects that determines your skill, i.e. what decisions you make in this regard.

Not that I'm an expert, a complete beginner to be exact, but I would have thought that it's *my skill* that determines the decisions I make - not the other way around.

You have misinterpreted how I used "determines". Try substituting "demonstrates".

 

[prazstar]

Re: ASX Sharemarket game

This is my first time playing the ASX share market game, and so far I'm doing really bad!! just goes to show i have a lot of learn!!

 

[Julia]

Re: ASX Sharemarket game

This is my first time playing the ASX share market game, and so far I'm doing really bad!! just goes to show i have a lot of learn!!

I guess that's much of the purpose of the game, prazstar. And don't forget that it's a pretty choppy and difficult market at present. Don't be too hard on yourself.

 

[jbocker]

Re: ASX Sharemarket game

Started out in 30% but now have dropped back to about 50%. Got wiped out with CPU. This is my first ASX game. I wasn't expecting to be at the top, but I don't want to get creamed. Anyone have any suggestions? Do most people look at what will go well over the six months, buy and hold until near the end, or do they go more short term?

What not to buy (what I've got):
BHP, CPU, MND, ANN

I have tried both, thinking what will do well over 6 months (1 or 2 companies), and looking for 2 other short term. Had a couple of runs in earlier games where I had done well, but have come undone at some point and ended up pretty average.
Not doing so well in this game I am down $1000. This time my Game Strategy: catching falling knives and cheapies.

 

[Soontoberich]

Re: ASX Sharemarket game

OK. I wasn't aware the game only started last week.




You have misinterpreted how I used "determines". Try substituting "demonstrates".

Misinterpreted? As in "by 'up' I meant 'down". I don't think you can substitute "demonstrated" for "determines" without changing the meaning. If I'm driving and I indicate left, is it the other driver's fault for not assuming I was turning right?

 

[Julia]

Re: ASX Sharemarket game

Misinterpreted? As in "by 'up' I meant 'down". I don't think you can substitute "demonstrated" for "determines" without changing the meaning. If I'm driving and I indicate left, is it the other driver's fault for not assuming I was turning right?

Well, let's hope that you are more attuned to the nuances of the market than you are to the English language.
Good luck.

 

[Trader Paul]

Re: ASX Sharemarket game



Hi folks,

..... it's only early days yet, but happy with current position,
less than $300 off the pace, in 38th place nationally and 5th
position, statewide .....

BKL and RMD for this week and maybe a recovery in QBE, after
today's selloff (concerns about exposure to Chilean quake ... ???)

have a great day

paul



=====

 

[Trader Paul]

Re: ASX Sharemarket game

Hi folks,

..... it's only early days yet, but happy with current position,
less than $300 off the pace, in 38th place nationally and 5th
position, statewide .....

BKL and RMD for this week and maybe a recovery in QBE, after
today's selloff (concerns about exposure to Chilean quake ... ???)

have a great day

paul



=====

..... and figure, that TTS may also get a lift this week, as well ...

happy trading

paul

 

[Soontoberich]

Re: ASX Sharemarket game

Well, let's hope that you are more attuned to the nuances of the market than you are to the English language.
Good luck.

What the hell? 'Determined' and 'demonstrated' are two different things. Maybe I'm just pedantic but maybe they are the 'nuances' that you need to understand.

Let me put them into a sentence so that you can understand:

Through the misuse of your words, you have *demonstrated* that you are wrong and yet still *determined* to prove otherwise.

If you are going to respond to a thread, please try to make them constructive. There's not much point with vague and provocative responses such as your first and subsequent posts.
Obviously this reply will fall on deaf ears and thus, will not be constructive, but I need to make myself clear that what I said was correct.

 

[burnsie]

Re: ASX Sharemarket game

Well, I'm off to a shaky start thanks to some poor gambles (erm... "investments") into GNS and SUN.

But in the last 2 days I've clawed back to just over $47,000 (From a low of ~$45,500). I think my initial strategy of day trading is a poor one. $30 brokerage makes it damn hard indeed.

I think I might just ride this wave up and hold cash until it all comes crashing down a little more. I just want to get out of the bottom 500

 

[Julia]

Re: ASX Sharemarket game

How did you get 'wiped out' with CPU? It has been doing very well.
Ditto MND

Regarding whether to buy and hold for the six months, or short term trade, presumably this is one of the aspects that determines your skill, i.e. what decisions you make in this regard.

What the hell? 'Determined' and 'demonstrated' are two different things. Maybe I'm just pedantic but maybe they are the 'nuances' that you need to understand.

Let me put them into a sentence so that you can understand:

Through the misuse of your words, you have *demonstrated* that you are wrong and yet still *determined* to prove otherwise.

If you are going to respond to a thread, please try to make them constructive. There's not much point with vague and provocative responses such as your first and subsequent posts.
Obviously this reply will fall on deaf ears and thus, will not be constructive, but I need to make myself clear that what I said was correct.

With apologies to those who are attempting to discuss the ASX game for this hijacking of the thread, the following is the Oxford Dictionary's definition of
"determine":

decide, settle, come to a conclusion, be the decisive factor in regard to, define

So it will be the decisions you make, whether these are to buy and hold or to do short term trades that determine (will be the decisive factor in) your profitability.

So maybe before you, with your inexperience and minimal number of posts on this forum, decide to be dismissive of suggestions offered, you could consider using a dictionary.

 

[Soontoberich]

Re: ASX Sharemarket game

With apologies to those who are attempting to discuss the ASX game for this hijacking of the thread, the following is the Oxford Dictionary's definition of
"determine":



So it will be the decisions you make, whether these are to buy and hold or to do short term trades that determine (will be the decisive factor in) your profitability.

So maybe before you, with your inexperience and minimal number of posts on this forum, decide to be dismissive of suggestions offered, you could consider using a dictionary.

Your skill determines your decisions which in turn determines your profitability. What I said still stands. The amount of time you've spent on this forum or the number of posts you've had is irrelevant. While you're at it, maybe you should look up the term 'arrogant' and 'condescending' in the dictionary.

I haven't dismissed any constructive advice. In terms of my original post, you clearly haven't supplied any.

 

[h0psing]

Re: ASX Sharemarket game

Is this a good forum as a beginner or do I end up picking up bad habits because its not real money?

 

[skyQuake]

Re: ASX Sharemarket game

Is this a good forum as a beginner or do I end up picking up bad habits because its not real money?

Kudos for recognizing you can easily develope bad habits with fake money.
But I say go all out, make all the mistakes, do everything and anything you want. But take notes. And at the end, review your notes and see what your potential pitfalls are.

 

[burnsie]

Re: ASX Sharemarket game

Take all the chances you want to do in real life but are a little scared of. It will help tell you if your hunches are right or not.

It has taught me that I'm rubbish as speculating and should stick to my day job.

 

[Julia]

Re: ASX Sharemarket game

Take all the chances you want to do in real life but are a little scared of. It will help tell you if your hunches are right or not.

It has taught me that I'm rubbish as speculating and should stick to my day job.

No, don't allow it to teach you that at all. We've all made plenty of mistakes before becoming consistently profitable.
Just learn what you got wrong and keep going.
Very few people are instant experts.