ASX Sharemarket Game 2011

[Market Depth]

I lost about $900 today
Is this to be expected because the ASX index went down?

I sold WOW and bought ILU... should have bought NCM instead, it made like 70c or something today. crazy!

I should go with my gut feelings next time

What did you pay for WOW?
ILU has been a freight train for months

 

[Market Depth]

where do you guys come up with/find these stocks/positions out of the large pool of stocks?

i was up about 100$ in the asx game, now down ~200 as i decided on test buying on dividends, but instead lost more money than it paid, lets see if the share recover its costs after it went exdividends.

I've got stock screening software built into my charting package. You just set up the parameters for your search and hit 'RUN' I use Metastock.

If you don't have this, you can download 'Incredable charts' for free, and it has screening sowftware that you can play with. A simple screen for example would be a 10 day 30 day moving average crossover, with a volume sreen of 500,000 shares.

 

[LiL_JaSoN]

I've got stock screening software built into my charting package. You just set up the parameters for your search and hit 'RUN' I use Metastock.

If you don't have this, you can download 'Incredable charts' for free, and it has screening sowftware that you can play with. A simple screen for example would be a 10 day 30 day moving average crossover, with a volume sreen of 500,000 shares.

i have incredible charts, but never understood 'what to look for' in the scanning.

 

[NeoGenesis]

What did you pay for WOW?
ILU has been a freight train for months

I bought 370 shares in WOW for 26.64 then sold all of it for 26.86.
Made 22c. So thats +$81.40 take away $60 brokerage and I made a dismal $21.40 profit!
I guess a profit of $20 is better than nothing.

I have to get rid of RMD today, not sure what to buy, maybe I'll hang on to the cash until an opportunity comes up.

 

[NeoGenesis]

I didnt expect this game to hit me emotionally, but it makes me feel depressed when I'm losing money... even though it's fake. And on the overall scheme of things I didn't actually lose that much! Maybe it's because I put my money in a company expecting it to do well, but then it doesnt meet my expectations. The share market is an interesting place to be... and I'm learning valuable lessons in investing.

I'm feeling good at the moment, I have made small gains in the last two days, even though the ASX finished down.

Cash on hand $89.12
Share holding value $48,593.07
Total portfolio worth $48,682.20

How is everyone else doing?

 

[absolute1]

Cash on hand $568.53
Share holding value $49,028.30
Total portfolio worth $49,596.83

my current position, im made most my money back this week, was at a loss of 3k at one stage so good to see im climbing back up. you need to note aswell we are not the only ones at a loss, only 17 or 18% of players have made a profit

 

[absolute1]

I've got stock screening software built into my charting package. You just set up the parameters for your search and hit 'RUN' I use Metastock.

If you don't have this, you can download 'Incredable charts' for free, and it has screening sowftware that you can play with. A simple screen for example would be a 10 day 30 day moving average crossover, with a volume sreen of 500,000 shares.

if u dont mnd me asking what parameters are you using ti filter the stocks?

 

[Synergy]

How is everyone else doing?

Poorly

Cash on hand $431.93
Share holding value $47,694.44
Total portfolio worth $48,126.37


Every time I play this I start very poorly.

Most of the loss is from FXJ, which I'll sell if it moves any lower.

I'm trying to take a long term approach and not look at things every day.

 

[pavilion103]

In the new game I'm 9th in SA and 72nd overall.

But I must admit this is because I haven't placed a single trade haha.