Trading Matters Challenge

[mikat]

a question for rampage,

re the email you got about being reset after the rules change, the only two rules that changed that i remember were refer a friend, and the weekly winner.

did you start the game late and have friend referals for the extra $1000, or is it something else.

like you i trade all day, and work pretty hard to make the profits, and i dont want to get "reset" by doing something i shouldnt by error.

mikat

 

[RamPage]

a question for rampage,

re the email you got about being reset after the rules change, the only two rules that changed that i remember were refer a friend, and the weekly winner.

did you start the game late and have friend referals for the extra $1000, or is it something else.

like you i trade all day, and work pretty hard to make the profits, and i dont want to get "reset" by doing something i shouldnt by error.

mikat

N I started on time, missed the first Q&A (couldn't work out what I was supposed to do)
Only got 10 referals.
I supplied about 15 but only got 10.

RamPage.

 

[blind freddie]

Be interesting to see if Dash gets his weekly prize. An email from the game organisers confirming this would be nice.

 

[RamPage]

My Referals.
30/11/2007 15:20 ACCOUNT $1,000.00
29/11/2007 14:12 ACCOUNT $1,000.00
28/11/2007 20:30 ACCOUNT $1,000.00
28/11/2007 17:49 ACCOUNT $1,000.00
25/11/2007 21:52 ACCOUNT $1,000.00
21/11/2007 19:31 ACCOUNT $1,000.00
19/11/2007 17:04 ACCOUNT $1,000.00
19/11/2007 10:38 ACCOUNT $1,000.00
15/11/2007 23:25 ACCOUNT $1,000.00
14/11/2007 12:54 ACCOUNT $1,000.00

RamPage.

 

[blind freddie]

No question today?

 

[Mouse]

No question today?

Perhaps they are too busy answering questions?

cheers
Mouse

 

[floppys_mum]

I agree with what you are saying Rampage I was doing the same as you cause I am retired

I was doing 400 trades a day, and as you said I was making minimal profit, but dont forget that the Brokerage they charge is minimal compared to real life brokerage, i would stick to 5 stocks to minimise brokerage costs.

todays question was what is the asx code for anz der!!
and did you notice there wasn't a leader board today.

anyway i heard that whoever frocks up will get the new $3000 indian car coming soon lol

 

[RamPage]

I agree with what you are saying Rampage I was doing the same as you cause I am retired

I was doing 400 trades a day, and as you said I was making minimal profit, but dont forget that the Brokerage they charge is minimal compared to real life brokerage, i would stick to 5 stocks to minimise brokerage costs.

todays question was what is the asx code for anz der!!
and did you notice there wasn't a leader board today.

anyway i heard that whoever frocks up will get the new $3000 indian car coming soon lol

Hi floppys_mum,

I'm not retired as in on a pension, gov won't give me one.
Paid all that tax and what do ya get, up yours.
That's gratitude for ya.
Had a service station for twenty years then big oil with the gov assitanc decided coles myer needed it more than I did.
That increased the pollies superfund by at least S400,000.00 in one go just in business value alone not to mention the annual sales.
I work helping my son and his partner in there business, I took time off to play this game and got shafted again.
Great country.

Thanks for the answer, I am so stress I missed it.

RamPage.

 

[mikat]

how do you trade 400 times in a day?
if market is open for six hours, then that is more than 1 trade per minute every minute.
i do a lot of trades but the market just doesnt move quick enough for that volume for me.
glenn

 

[floppys_mum]

Glen you are trading in small cap stocks that dont have large volume trades similar to the ones i purchase.

i would like to tell you which stocks i trade but there is another game starting on the ASX web site next month.

hey Rampage i am not on a pension either used to own my own business with my husband and worked 7 days a week, we worked hard for the money and now our money is working hard for us on the stock market.
cant complain i have had 5 good years, its just been a bad 5 months.

did you get in touch with ACA?
mary

 

[RamPage]

how do you trade 400 times in a day?
if market is open for six hours, then that is more than 1 trade per minute every minute.
i do a lot of trades but the market just doesnt move quick enough for that volume for me.
glenn

Try setting up multiple Buy Sell Windows, keep them small, that way you just keep clicking button.
How easy is that.
400 would be easy for a nimble player.

RamPage.

 

[RamPage]

Glen you are trading in small cap stocks that dont have large volume trades similar to the ones i purchase.

i would like to tell you which stocks i trade but there is another game starting on the ASX web site next month.

hey Rampage i am not on a pension either used to own my own business with my husband and worked 7 days a week, we worked hard for the money and now our money is working hard for us on the stock market.
cant complain i have had 5 good years, its just been a bad 5 months.

did you get in touch with ACA?
mary

Only a basic EMail.
I'll think about it over the weekend and got into more detail next week.

RamPage.

 

[mikat]

maybe its that process that isnt allowed, essentially your opening morevthan one part of the game, and maybe the system sees this as not being allowed.

re what i trade its mainly mid cap, stocks above 2.00 so that you ont get .005c moves, but under 5 so that you get the margin, but a couple of suggestions about what rampage and floppy have traded would be helpful in my cause

 

[RamPage]

maybe its that process that isnt allowed, essentially your opening morevthan one part of the game, and maybe the system sees this as not being allowed.

re what i trade its mainly mid cap, stocks above 2.00 so that you ont get .005c moves, but under 5 so that you get the margin, but a couple of suggestions about what rampage and floppy have traded would be helpful in my cause

How can that be wrong, what operating system do you use, I use windows.
Now the stock, what you do is setup a workbook with spead sheets them collect massive amounts of data from the ASX and put it in the workbook sort the data determine what stock matches your criteria, then at about 1.00am or 2.00am go to bed till 1hr before trading set up your windows and go for it.
The stock may or may not be the same for each day.

RamPage.

 

[mr camouflage]

I took a hammering today, down to #38 on the leader board.

I don't have time to buy and sell over and over per day, as I have to work for a living. But since its not expressly forbidden in the rules I wouldn't consider it cheating, and you should not get kicked out of the game for it.

I occasionally sell some of the companies, if they have risen, then put in another order to buy them back when they have fallen again.

I realise now why they give you $10,000 for the bonus questions. So you think you are actually making a profit, and therefore more inclined to open an etrade account and have a go for real. If you take away all the bonus cash an realised how badly most of the players are doing, they wouldn't even consider it.

In my real portfolio, one of my stocks had gone up 131% in a week Pity I couldn't buy them in the game. Another I hypothetically bought in 2006 (I added them to a watch list, but didn't buy), I noticed has increased 1163% in 2 years. Should have bought them

 

[RamPage]

I realise now why they give you $10,000 for the bonus questions. So you think you are actually making a profit, and therefore more inclined to open an etrade account and have a go for real. If you take away all the bonus cash an realised how badly most of the players are doing, they wouldn't even consider it.
:

I would agree with that, the real stockmarket is not for the faint hearted, ruthless is probably the best description, If players are considering that step tread very very carefully.

RamPage.

 

[peter2]

Has anyone noticed that it is possible to start a trade with a position size that is larger than 20% of your balance?

I have done this a few times by accident and the software has not prevented me from doing so. It is very possible that many people are doing it without realising.

What would you think about a competitor who is doing this unintentionally a few times each day?

What would you think if someone was doing it more than 10 times/day or 100/day?

 

[floppys_mum]

it wouldnt be much more than 20% in the context of the game it possibly could give you slightly over but would not make a big difference.

because your portfolio value could be dropping from another stock

i would also be prepared if i was you to be knocked out of the comp if you hit the top 5 cause that is when they will probably pick up on it

 

[RamPage]

Have you noticed how the ETrade platform rejects a trade over the 20% limit.
That to me indicates that is ETrade & CNBC's responsablity, if your portfolio stock drops in value during a trade there is no may a player is able to control that.

RamPage.

 

[peter2]

Floppys mum: I agree it is normally only a slight edge but every now and then you see a stock that closed at 5.70 open at 2.30. This edge becomes huge and can be exploited many times in the 20 minute delay period.

RamPage: Again only a slight advantage but if the 20% limit was assessed in real time then a person trying to place hundreds of trades would not be able to process so many and would have to reduce maximum pos size (to 19%) to avoid any possible delays.

The ability to jump the market queue is a HUGE advantage in these types of competitions. There needed to be a condition that reduces this unreal advantage. IMO the organisers should have limited the number of buy/sells per day to 20.

Discipline and persistence are two personality characteristics that are highly rewarded when used in the trading business. To those that place hundreds of trades/day during this competition, you have these traits. Why don't you find and then exploit a small inefficiency (arbitrage) in the real market? You guys/gals could be earning a new Maserati each year.