I joined the ASX Game and after 2.5 months, my profit is $50113. I am on position 3109 out of 12059 and as of today, 35.52% of players record a profit. While this is not really an accomplishment to be proud of, I am still in the first third of the herd and it's a confirmation that in the end, skill, knowledge and persistence triumph. I asked not long ago if the players who are in top 100 got there simply because they got lucky or do they have some skill or knowledge that make them special? I was interested about what strategies would any of the top 100 players employ. From the answers I received, people consider many of the players in these positions certainly had their share of luck, as well as doing trading more on the riskier stocks, which may see large swings up and down in their account. On one hand, Flow is maintaining a comfortable top position for many weeks and he/she is very consistent. I don't know who that player is and what his/her strategy is. But, at the moment I don't need to look too far to speak to one of the top 100 players. In fact, all I have to do is to speak with my wife 
After convincing her sometimes in March to join the game, which she reluctantly accepted, now she can teach me what the share market is all about... All her experience about the share market started a few years ago, when I lost a few thousands, and I did not impress her with that. In fact, she was getting really annoyed by me pronouncing such words as stock or market in the same sentence Apart for that, her experience was zero until two months ago. Anyway, after a rough start, when she lost over $2000 in the first few days, she started developing some own theories about why shares go up or down and she started using some very primitive methods of selecting the stocks. The market especially attracted her with the vast amount of money traded and she thought that even if a very small percentage of that could become hers, it would be a nice feeling
A bit of fundamentals, very little of technical analysis (she claims she does not understand momentum, so it must be a wrong theory, however she replaced the standard momentum with a different kind of momentum, that's really funny, but I can't disclose it) and more focus on feeling the emotions in the market. I don't know how she does that. Anyway, now she is in top 50 and she certainly got much further than I would have expected. I will be watching quite impatiently on what place will she land in the end. But based on results of the last few weeks, she seems to getting hold on this thing and it may not be impossible to reach in long term a profit of 10% per month, conservatively speaking She's definitely earned much more in the last month and the market was not spectacular... it is true it's only virtual money - but maybe some real money may be involved in the future. Anyway, she really applies herself and when she has time, she spends a long time near the computer and she got to know a lot about many of the companies in the game. She tends to be more of a day trader. She has some preferred companies, which she finds "predictable" and others she is not too pleased about, because she dislikes the fact the company does not have a clear strategy, or even worse, if a company releases a report with errors and has to release a corrected one And she is very reluctant from taking any advice from me - maybe on good reason
Nick
After convincing her sometimes in March to join the game, which she reluctantly accepted, now she can teach me what the share market is all about... All her experience about the share market started a few years ago, when I lost a few thousands, and I did not impress her with that. In fact, she was getting really annoyed by me pronouncing such words as stock or market in the same sentence Apart for that, her experience was zero until two months ago. Anyway, after a rough start, when she lost over $2000 in the first few days, she started developing some own theories about why shares go up or down and she started using some very primitive methods of selecting the stocks. The market especially attracted her with the vast amount of money traded and she thought that even if a very small percentage of that could become hers, it would be a nice feeling A bit of fundamentals, very little of technical analysis (she claims she does not understand momentum, so it must be a wrong theory, however she replaced the standard momentum with a different kind of momentum, that's really funny, but I can't disclose it) and more focus on feeling the emotions in the market. I don't know how she does that. Anyway, now she is in top 50 and she certainly got much further than I would have expected. I will be watching quite impatiently on what place will she land in the end. But based on results of the last few weeks, she seems to getting hold on this thing and it may not be impossible to reach in long term a profit of 10% per month, conservatively speaking
She's definitely earned much more in the last month and the market was not spectacular... it is true it's only virtual money - but maybe some real money may be involved in the future. Anyway, she really applies herself and when she has time, she spends a long time near the computer and she got to know a lot about many of the companies in the game. She tends to be more of a day trader. She has some preferred companies, which she finds "predictable" and others she is not too pleased about, because she dislikes the fact the company does not have a clear strategy, or even worse, if a company releases a report with errors and has to release a corrected one And she is very reluctant from taking any advice from me - maybe on good reason Nick
