ASX Sharemarket Game 2017: 3rd August - 15th November

[OmegaTrader]

Hi there,

Just got the email the asx game is starting again. AUG 3rd start

Pretty straight forward. asx200 stocks etc

For more information go to the asx website to register

I am setting up a league(League1), if anyone one else is playing the game anyway and wants to join.

There is nothing to lose.

You can join up to 5 leagues, if there is enough, there could be a minor(<=10) and major(=>11) to have more chance of wining a prize.

Post or pm if anyone is interested.

What I would say is try to go for volatility=small caps and also remember that there is hypothetical commission at $10,000 traded=$20 and .2% after that.

Also 25% must be only in one stock.

Prizes are as follows

Win Cash Prizes
Individual
First: $2,000
Second: $1,500
Third: $1,000

Leagues
Minor League (10 and under)
First place -


Group prize $1,000

Major League (11 or more)
First place -
Group prize $3,000

 

[Wysiwyg]

Has the loophole been fixed? Check the previous games on this forum where it is noted that in the game you could buy and sell without having to queue. When your number of shares were traded on the real market then your order was filled. Players could do multiple trades across the spread all day. Check 2014 thread on this forum.

 

[OmegaTrader]

Has the loophole been fixed? Check the previous games on this forum where it is noted that in the game you could buy and sell without having to queue. When your number of shares were traded on the real market then your order was filled. Players could do multiple trades across the spread all day. Check 2014 thread on this forum.

The game starts aug 3, then you can tell.
I was going to make a couple of trial trades to see how the volume/fills work.

That does not make it risk free, you could still get hit if it blows out either way. But is is an advantage nevertheless.

But i do not think that is the essence of the game.

 

[OmegaTrader]

The game starts aug 3, then you can tell.
I was going to make a couple of trial trades to see how the volume/fills work.

That does not make it risk free, you could still get hit if it blows out either way. But is is an advantage nevertheless.

But i do not think that is the essence of the game.

Anyway if you want to join league with me let me know

cheers

 

[peter2]

I'll support @OmegaTrader and help any beginners get organised throughout this next ASX sharemarket game. It is a good opportunity to gain some experience with the daily market gyrations and the processes of buying and selling.

I can't help those who just want to gamble and have fun because you won't learn anything. However if you're serious about learning what it takes to be profitable then I'll help. I'm certain that others in this community will help also. I'm a chart trader and I base my trading on price action that is recorded on the price charts. If you're more interested in company fundamentals then others will reply to your queries.

Your goal for the game should be to gain experience interacting with the market and a preliminary understanding of the skills required to be profitable.

 

[OmegaTrader]

I'll support @OmegaTrader and help any beginners get organised throughout this next ASX sharemarket game. It is a good opportunity to gain some experience with the daily market gyrations and the processes of buying and selling.

I can't help those who just want to gamble and have fun because you won't learn anything. However if you're serious about learning what it takes to be profitable then I'll help. I'm certain that others in this community will help also. I'm a chart trader and I base my trading on price action that is recorded on the price charts. If you're more interested in company fundamentals then others will reply to your queries.

Your goal for the game should be to gain experience interacting with the market and a preliminary understanding of the skills required to be profitable.

Thanks, I will post as it goes along.Need to have a look at the asx 200 universe before it starts aug 3, in a couple of days.

 

[peter2]

Well I'd hoped we'd generate some interest in using the ASX game as a learning experience from the many new members who have recently joined.

Where else would you get friendly suggestions that will help you create your trading plan?
Where else would you get feed back as you interact with the ASX market in real time?
Where else would you find people willing to look at your trades and offer suggestions?

 

[hallph]

I'm in, though am on holiday for a couple of weeks in the middle so will manage accordingly

 

[Betavegeta]

Hi I'm looking to join a league that is for beginners. Pls PM me if you have a spot for me

 

[mcgrath111]

Always wanted to gain a bit of an understanding into tech trading.

Worse case, I gamble on gold stocks and let it ride

 

[OmegaTrader]

On The Game

Reiterating, anyone can create a league. But I have created one already if anyone wants to join.etc

Touching on peter2's point about gambling. Unfortunately the game is based on the highest balance at the end of the period. This provides an incentive to invest carelessly. In reality the position sizes you take in the game are much larger than would be reasonable in reality. The game attempts to stop this by having no more than 25% in one stock.

But the rational thing in the game is to go high volatility which is generally smaller caps etc.

Nevertheless volatility is amplifying the underlying strategy.Good Luck can only last for so long.

So good analysis is still useful to the game even if position sizes are too large.

Another point is that there is also an incentive to trade daily. The game attempts to limit this by having a daily limit of 20 orders wither buy and or sell.

For more information on the rules, can be found https://game.asx.com.au/game/info/public/rules



Thought Process

So here is my thought process


Step 1 define he stock universe
Quite easy that one.
https://game.asx.com.au/game/play/public/2017-2/companies


The game provides the 205 stocks to trade.No shorts only long.
You can choose from 200 ASX listed companies and 5 ETF's to buy and sell during the Game

This limits action you can take.





Step 2: Stock screening

I am still working on this, dragging my feet which I should not be. I have to decide criteria that I am looking for. If anyone wants to chime in on criteria they would consider or software or ways to approach stock to look at or are in play....

Well I'd hoped we'd generate some interest in using the ASX game as a learning experience from the many new members who have recently joined.

Where else would you get friendly suggestions that will help you create your trading plan?
Where else would you get feed back as you interact with the ASX market in real time?
Where else would you find people willing to look at your trades and offer suggestions?

I will put forwards some of my ideas asap, no guarantee they will be winners

cheers

 

[Coronasix]

I've signed up and have $50k ready to invest although I don't think I will get much higher then that. Happy to join the league if it will give me super investing powers

 

[OmegaTrader]

I've signed up and have $50k ready to invest although I don't think I will get much higher then that. Happy to join the league if it will give me super investing powers

Just post any of your ideas and picks here. Someone will probably help with there own opinion.

No super powers though!!

PM me if you want to join league, the benefit is that there is an extra prize for the league, if you can fluke it of course.

good luck

 

[Coronasix]

What I would say is try to go for volatility=small caps and also remember that there is hypothetical commission at $10,000 traded=$20 and .2% after that.

I'm sure this means something and I could probably find the answer on the forum somewhere but not sure where to look. What do you mean by volatility? As in shares that could go up or down super quick?

Getting my head around jargon is probably the hardest part of the learning curve!
Pete

 

[peter2]

Hi Pete. Volatility is a measure of price movement in either direction.
Smaller priced stocks are considered volatile because small changes in price are large when expressed in percentages.

To do well in this ASX game you have to grab large % moves and this mostly happens in the lower priced stocks that are in the ASX200.

During reporting season (now) large percentage movements can happen when a stock reports an unexpected profit downgrade or upgrade.

Have you had a go at the game and bought something yet?

 

[peter2]

I've bought into four stocks that had started to go up. I'll hold onto them while price keeps going up or stays the same. I've also placed falling sells on them to sell them if price goes down even slightly.

This helps me keep the losses smaller than the winners which is essential in order to be profitable.

Everybody who wants to learn how to interact with the market and make a profit should try this during this game. It's good experience.

 

[Coronasix]

Hi Pete. Volatility is a measure of price movement in either direction.
Smaller priced stocks are considered volatile because small changes in price are large when expressed in percentages.

To do well in this ASX game you have to grab large % moves and this mostly happens in the lower priced stocks that are in the ASX200.

During reporting season (now) large percentage movements can happen when a stock reports an unexpected profit downgrade or upgrade.

Have you had a go at the game and bought something yet?

Awesome, thanks for that. Yes I have 2 lots of stock, 200 with ARB & 2000 with MTR. I'm down $14 with ARB but up $10 with MTR. Was meant to be 2000 with arb but missed the extra 0 but happy it has worked out that way.

 

[peter2]

Well Pete, you've plenty of cash left. If you want to keep buying six packs of coronas you'll have to make some more profit.

 

[OmegaTrader]

I've bought into four stocks that had started to go up. I'll hold onto them while price keeps going up or stays the same. I've also placed falling sells on them to sell them if price goes down even slightly.

This helps me keep the losses smaller than the winners which is essential in order to be profitable.

Everybody who wants to learn how to interact with the market and make a profit should try this during this game. It's good experience.

Can you explain more of the stocks you picked and why you picked them.
That would help alot.
Thanks

 

[peter2]

There's no point me playing the game as I'd rather do it for real and I'd only registered to get access to the game functionality in order to assist others. I had hoped to use this thread to help others starting their trading journey. However, no-one has (asked).

NEC: (Trend Continuation) Recent BO-NH and a lower priced stock in the ASX200.
Bought 1.45, iSL 1.40.
BAP: (Pull-back) Recent BO-SRL shallow correction so far. Bought 5.60, iSL 5.50
TGR: (Reversal) Recent BO-10d high and plenty of room to go higher. Same sector companies, CSS and HUO have also started to go up. Bought 3.88, iSL 3.80
ORE: (Pull-back) Looks like a completed classic EW abc corrective move. Price is in narrow range and I've bought anticipating a BO. Bought 3.22, iSL 3.10.

So far only one of them has gone higher (NEC).