Australian (ASX) Stock Market Forum

Trading Matters Challenge

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Wednesday top player increased their portfolio 55,000, Thursday 77,000, then they disappeared off the top 50 list. Me I make very few trades in a day - squeeze them in between work committments. Like I said if you can legitimately make 70,000 on 700,000 in one day, I'll put up the cash, and take 35,000 each. A week should do us for pocket money for the year - that's $175,000 each for a weeks trading!
 
Hi rampage,

I don't want to get into the cheating debate, it's not my place. But for those of us who are learning can you expand on how you find these stocks and what it is that you do please?

What do you look for? And can it be done with real life stocks on the market?

cheers
Mouse
 
Trading Matters challenge lags behind the real stockmarket by 20 min, advantage can be taken of that time delay, and if a trade is made at a perticular price, then the trade in matters challenge will go through at thet price. In real life actually getting the shares at that price in a reasonable quantity is more difficult, and trading needs to be done in a real time platform. for example ASX hit a low of 51.92 at 11.00 am, and a high of 53.3 at about 1.30 pm, which gives a 3% gain. Today asx has done nothing but fall so not worth buying yet. A powerful trading platform is needed to take advantage of this. ETrade has a couple - etrade pro and another that just slips my mind. There are a number of others around, and tends to give the edge in this game.

But all of this is pretty boring - lets get back to frocking up and bling
 
blind freddie said:
Wednesday top player increased their portfolio 55,000, Thursday 77,000, then they disappeared off the top 50 list. Me I make very few trades in a day - squeeze them in between work committments. Like I said if you can legitimately make 70,000 on 700,000 in one day, I'll put up the cash, and take 35,000 each. A week should do us for pocket money for the year - that's $175,000 each for a weeks trading!
Click to expand...

On the ASX you have to get on the end of the que which then takes time for the trade to occur. On the game the trade occurs at the moment of the next trade there is no que to waite for.
This allows a player to do more trades in a day unlike the ASX.
That is not cheating. That is the nature of the game.

RamPage.
 
Mouse said:
Hi rampage,

I don't want to get into the cheating debate, it's not my place. But for those of us who are learning can you expand on how you find these stocks and what it is that you do please?

What do you look for? And can it be done with real life stocks on the market?

cheers
Mouse
Click to expand...


Use the 20% limit to the max.
Find stock low in value which trade at least a million per day.
SDL 015 Buy 354317 0.3400 130,211.54
SDL 015 Sell 354317 0.3500 133,543.17
How much does that give you per trade.
Do that ten times a day what does that work out.
Do that with 4 other stock.
I stuck to stock @ $0.30 up to $4.00 mainly.

RamPage.
 
blind freddie said:
Trading Matters challenge lags behind the real stockmarket by 20 min, advantage can be taken of that time delay, and if a trade is made at a perticular price, then the trade in matters challenge will go through at thet price. In real life actually getting the shares at that price in a reasonable quantity is more difficult, and trading needs to be done in a real time platform. for example ASX hit a low of 51.92 at 11.00 am, and a high of 53.3 at about 1.30 pm, which gives a 3% gain. Today asx has done nothing but fall so not worth buying yet. A powerful trading platform is needed to take advantage of this. ETrade has a couple - etrade pro and another that just slips my mind. There are a number of others around, and tends to give the edge in this game.

But all of this is pretty boring - lets get back to frocking up and bling
Click to expand...

It does not matter if the market is up or down, it is just a bit harder on a down market, some times you have to sell at a loss and reposition yourself.

RamPage.
 
RamPage said:
Use the 20% limit to the max.
Find stock low in value which trade at least a million per day.
SDL 015 Buy 354317 0.3400 130,211.54
SDL 015 Sell 354317 0.3500 133,543.17
How much does that give you per trade.
Do that ten times a day what does that work out.
Do that with 4 other stock.
I stuck to stock @ $0.30 up to $4.00 mainly.

RamPage.
Click to expand...

Thanks Rampage.

I'm guessing you could do that with real life trades as well, if it wasn't for those silly queues! :)

cheers
Mouse
 
Takes a pretty fair set of kahoolies to bet $130,000 of real money against a particular share going up 0.01 in the short term. Mind you I bought a fairly large number of Flinders Diamonds at 0.05 and they went up to 0.09, but that was good fortune more than anything.

Prominent share fund manager gave the recommendation - when the markets are falling (now) buy the more dependable stocks, when the markets are rising sell down your holdings. i.e. holding in a single stock may be $50,000, and through price rises they go up to $55,000 in value - sell off $5,000 worth of the stock. When they start falling agin buy back in.

Looking to the longer term, there are some real bargains floating around at the moment, as the trade is very thin, and the bigger players are curently sitting on the sidline, and small investors can take advantage, especially if a longer term view is taken.

Unlike the game where very short term is the only way to go. Even Mikat will often start and end his/her day with cash holdings only.

Maybe the top players were bumped on the number of trades made?
 
blind freddie said:
Maybe the top players were bumped on the number of trades made?
Click to expand...

That is the question that Trading Matters will not respond to.
There is no limit to the number of trades is there.
It is not a hamper being offered as a prize.
Trading Matter should have expected surious Players.

RamPage.
 
I recieve a response from ETrade.
Seems they make the rules as they go or they have already picked a prefered winner.

RamPage.

Dear Herbert

Thank you for your email.

Please be advised that changes were necessary to the trading matters game part way through the game. I am not sure why you would have been barred access to the game but can inform you that that is not an indication that you were cheating. Alot of players were barred or had their games reset when the rules were changed. We apologise for the inconvenience and that you felt there was an inference that you were cheating.

You can be assured that the problems that were encountered with the marketing promotion "trading matters" are not replicated with E*TRADE Australia's actual service and platform.

To get started with E*TRADE Australia the quickest way to open a trading account is to complete the online application form at www.etrade.com.au. Just click on "Open An Account" on the front page of the site, simply enter your details, print off the completed form, sign it and post it to us at:

E*TRADE Australia
Reply Paid 1346
ROYAL EXCHANGE NSW 1224

If you have any further queries please reply to service@etrade.com.au or call 1300 658 355.

Kind Regards,

Rhys
E*TRADE Australia Customer Assistance.
 
i dont know what rules have been changed, but it would be good if cnbc let us know what they were.

as to making profit on a down market, what rampage says is right.
pick a stock and trade it all day.

i would trade a stock like DRT maybe 50 times ina day. making $0.01 each time.

there is no limit to the number of trades , but in real life you go into volumes not a market tick.

also, the stock prices in the game are not 20 min delayed, they are in real time, so if you buy at say $1 at 1pm, and 3 seconds later the price drops to 99c and you sell, thats the price you get, so if the price is falling, ie 1.01 1.0 99 88 87 86 etc you get no benifiet from any delays.

my advice to any players is to get etrade pro and play real time data, or paritech pulse , any thing with real feed, umless you play long, in which case it wont matter

mikat
 
Thanks mikat for the support.
That is in no way cheating.
That is using every available tool on the InterNet.
The game is called "Trading Matters Challenge" not "Investment Matters Challenge"

RamPage.
 
In the real world only do a few trades per month, and don't use any real platform. Just buy low & either sell down the blue chips as they rise or get in and out of the flavour of the month shares. Back in Sept/Oct it was companies like ANG SWK MRM companies supplying to the mining trade. They along with the miners have since gone a bit flat, likewise construction companies. Banks are really out of favour at the moment - blame American subprime. Never bothered with Etrade pro or any of the others, are they worthwile?

Also going to a 'free' seminar on Thursday - the mob that advertise on TV just to see what they have to say as an introduction. Will walk in with my ears open and mouth shut.

Have not as yet subscribed to any of the share trading publications, they only seem to do just a little better than market.
 
Don't need a new car, expensive waste of money. Sould do with a bunch of frequent flier points though. Want to go overseas late this year, and a discount wouldn't go astray
 

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