Trading Matters Challenge

RamPage · 14 January 2008

Spider61 said:
"Promoter reserves the right to terminate Contest participation by any Participants suspected of cheating, attempting to exploit the Contest or other inappropriate behavior."

The rules of the act overide any terms & conditios added by the Licensee.

RamPage.

floppys_mum · 14 January 2008

hey spider you obviously know your stuff maybe you are the spy from cnbc and not mikat, but isnt it funny rampage how mikat has now disappeared from this forum.

i think cnbs should be afraid of the innocent people it has pushed out and they should know cause i am sure they are reading if not participating in this forum, that we are in the process of hiring a solicitor thet is very keen on this and will be doing it for his own publicity and not the money, only for the glory.

EVery Wednesday evening the top 4 percentage gainers are thrown out of the competition come Thursdays trading, because they think you have done too many trades.

Take not!
THIS COMP HAS BEEN GOING FOR 7 WEEKS CAN WE GET SOMEONE ONTO THIS FORUM AND LET US KNOW THAT THEY HAVE WON?????

RamPage · 14 January 2008

floppys_mum said:
hey spider you obviously know your stuff maybe you are the spy from cnbc and not mikat, but isnt it funny rampage how mikat has now disappeared from this forum.

Isn't that funny, that thought had crossed my mind also, in which case they are exposed to this one;

LOTTERIES AND ART UNIONS ACT 1901 - SECT 17A
False representations
17A False representations

(2) A person:
(a) who is conducting or proposing to conduct a lottery , game of chance or art union, or
(b) who is acting on behalf of a person or an organisation that is conducting or proposing to conduct a lottery , game of chance or art union,
must not represent to an employee or agent involved in the conduct of the lottery , game of chance or art union that any thing required or permitted by this Act to be done, or any condition precedent to the conduct of a lottery , game of chance or art union to be complied with, has been done or complied with when in fact it has not.
Maximum penalty: 50 penalty units or imprisonment for 6 months, or both.
(3) A person who, but for this subsection, would be liable to conviction for an offence under this section and section 14 is liable to be convicted in respect of one only of those offences.

RamPage.

mikat · 14 January 2008

i havnt exploited the rules, or used multiple platforms to trade, and like most other traders i have a full time job. in my business, i work about 12 hrs a day, and about 7 hrs of that is spent behind my desk which has the game playing on one computer.

i dont make hundreds of trades per day, i just pick good stocks to trade, and in my opinion the half dozen, (there havnt been 50 players at number 1) who have been eliminated must have done something against the rules.

i dont work for cnbc or any affiliate comany, i live in alice springs NT, and just do my own thing in regards to the game. time will tell if thats the correct strategy.

in real life i trade the same way, but wouldnt take as many risks, and it takes longer, as you have to que up to buy and sell, but you can make money scalping the market for a few cents per trade, if you pick the right stocks.

in this game i have losses like everyone else, the way to reduce losses is to have a stop loss strategy in mind on each stock. if it drops sell it straight away, and only make the gain you set out to make, dont hold out for more than the market will give you.

RamPage · 14 January 2008

mikat said:
i havnt exploited the rules, or used multiple platforms to trade, and like most other traders i have a full time job. in my business, i work about 12 hrs a day, and about 7 hrs of that is spent behind my desk which has the game playing on one computer.

i dont make hundreds of trades per day, i just pick good stocks to trade, and in my opinion the half dozen, (there havnt been 50 players at number 1) who have been eliminated must have done something against the rules.

i dont work for cnbc or any affiliate comany, i live in alice springs NT, and just do my own thing in regards to the game. time will tell if thats the correct strategy.

in real life i trade the same way, but wouldnt take as many risks, and it takes longer, as you have to que up to buy and sell, but you can make money scalping the market for a few cents per trade, if you pick the right stocks.

in this game i have losses like everyone else, the way to reduce losses is to have a stop loss strategy in mind on each stock. if it drops sell it straight away, and only make the gain you set out to make, dont hold out for more than the market will give you.

I wasn't using multiple platforms, I was using multiple windows.
I understand your strategy, mine was different as would be mnay other players, but it was within the rules.
Therein lies the problem.

RamPage.

Mouse · 14 January 2008

Go Mikat!

AWC for those who want to know todays answer.

cheers
Mouse

blind freddie · 14 January 2008

Spent a bit of time up at the Alice, likewise north of Mount Isa, very pretty and very harsh part of this country. Had a big day today Mikat $101,000 up, Masarati won't be much good to yu up there now that the unlimited speed limit has been shut down

blind freddie · 14 January 2008

Hey floppy be sure that you read the fine print, have not met a solicitor yet that does not have a you loose you pay clause in there somewhere, especially if costs are awarded against you.

RamPage · 14 January 2008

blind freddie said:
Hey floppy be sure that you read the fine print, have not met a solicitor yet that does not have a you loose you pay clause in there somewhere, especially if costs are awarded against you.

floppy no need to do that yet.
First one reports the breach of the Act to the Minister for Gaming and Racing, Minister for Sport and Recreation.
That has been done.
If the Minister feels a breach has occured the Licence will be withdrawn.
Legal action then follows the breach.
If a conviction occurs compensation follows.

RamPage.

mikat · 14 January 2008

we dont worry about speed limits so much where i am.

re my gain, a couple of good buys can make up some huge gains, , but i am also holding CNP shares that are in trading halt that will either lose me $80,000 over night when they reopen, or ill gain about $30,000, so im not picking a car colour yet.

blind freddie said:
Spent a bit of time up at the Alice, likewise north of Mount Isa, very pretty and very harsh part of this country. Had a big day today Mikat $101,000 up, Masarati won't be much good to yu up there now that the unlimited speed limit has been shut down

blind freddie · 14 January 2008

Am going to make it my business to get up your way again some time in the not distant future, saw some pretty amazing stuff when I was there some years ago. Was at the big red rock in the middle of fly season watching a couple of Swedish back packers trying to make honey sandwiches in the open for lunch, and keep the flies out of the honey - needless to say their sandwiches were crunchy!

Am also waiting on CNP, have thought about them for real a couple of times then dropped a brick on my foot for having such silly thoughts. Mind you westfield is currently being dragged down because of CNP, and am considering Westfield as a good long termer

blind freddie · 14 January 2008

Sent an email off this afternoon asking who was the ultimate winner from last week's trading - no response as yet, will keep you posted if I get a reply.

floppys_mum · 14 January 2008

Well everyone my suspicians were correct, I lay the trap and they took the bait.

Firstly I would like to welcome CNBC at our forum, and now I will tell them that as hard as they try they still stuff up.

I made a statement before the close of the stock market.

The first being for all to check the ad for the challenge and to see that they say in it, "THE MORE TRADES YOU DO THE MORE VIRTUAL MONEY YOU MAKE".
Low and behold they took those comments from the ad, nowhere to be heard.

Secondly someone asked if anyone knows of a weekly winner:

Low and behold tonight they didnt show the leader board but they put on the phone "LAST WEEKS WINNER WHO FINISHED ON 24%" Mr Simpson from SA

Now I might not be that good at maths but it doesnt take a genius to know that if you are supposed to have a minimum of $200,000 plus answered all of last weeks daily questions that means you have $250000 which means without even trading you have an increase of 25%. Now they were bragging that Mr. Simpson did sooo good in all the gold stocks that he bought last week, how is that even possible? it appears to me he didn't do too well.
Considering that on Wednesday "as screened on Trading Matters" I had done29.53% and that is even before Wednesday's daily question!! Go Figure!
Nice try CNBC

Mouse · 14 January 2008

Cool! They're here???

*waves madly to the CNBC people*

I'm having a ball with your game, can we have an award for .. ummm ... ummm ... best mouse in the game please? :

cheers
Mouse

RamPage · 14 January 2008

Mouse said:
Cool! They're here???

*waves madly to the CNBC people*

I'm having a ball with your game, can we have an award for .. ummm ... ummm ... best mouse in the game please? :

cheers
Mouse

That is so deep and meaningful.

RamPage.

RamPage · 14 January 2008

floppys_mum, you are right so far, The more trade you make part is missing.

RamPage.

RamPage · 14 January 2008

The AD now states "the more gians you make trading" from "the more trades you make"

RamPage.

trillionaire#1 · 14 January 2008

i read with great interest everybodys concerns with being thrown out of the game.i play under the name of jock and have spent most of the time around the top 30, as high as 15 low as ,well centro seemed a bargain at 1.70
i trade mostly looking for dips in mid cap stocks,although early on when some players were abusing the referrals bonus,i panicked and bought cheap stocks hoping for big profit to keep up, it didnt work and i spent weeks trying to climb back up the ladder.win or lose this maserati im going to be relieved at the end of this exciting yet stressfull game, my eyesight is bluring and my back is curving to the shape of the computer chair(ala mr.burns)

Mouse · 14 January 2008

Hi trillionaire,

Welcome, nice to see someone else from the game here

cheers
Mouse

trillionaire#1 · 14 January 2008

Mouse said:
Hi trillionaire,

Welcome, nice to see someone else from the game here

cheers
Mouse

thanks mouse

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