Trading Matters Challenge

tigerboi · 22 January 2008

mr camouflage said:
Well if you never bothered trading you would be sitting equal position number 11 on the Leaderboard with $520,000 (assuming you got all bonuses allowed in the game).

So I guess most of us actually lost money. If people realised how much they lost they wouldn't be in any hurry to open an etrade account.

i missed 4 questions & am aware of potential position if you did nothing,ive

already got etrade & do trade the real stuff,this is just an amusement...tb

Mouse · 22 January 2008

Errmmmmm tigerboi,

I'd really rather not say Or lets just say, I've sold 25 parcels of shares during the game and only three of those were sold for a profit.

Sad huh

But I've worked out a new strategy to test for the ASX game. And at least from this game I have learnt that with the strategy I was using I lose money slower than others.

cheers
Mouse ... pondering going back to see what would have happened if she hadda just held her original shares in the game.

tigerboi · 22 January 2008

yeah no guts no glory 3/25 i can see why you are looking to change

your strategy,lucky for you this is only mickey mouse money,do you have

etrade???

Mouse · 22 January 2008

tigerboi said:
yeah no guts no glory 3/25 i can see why you are looking to change

your strategy,lucky for you this is only mickey mouse money,do you have

etrade???

Heya,

Yes, I have etrade. My strategy was based on their tutorial. It works in a good market, but not so well in this one

cheers
Mouse

mr camouflage · 22 January 2008

tigerboi said:
already got etrade & do trade the real stuff,this is just an amusement...tb

Yeah, same here. Lost a bundle of cash today.

mikat · 22 January 2008

to mouse and others wanting to get ahead

without giving away all my strategies, although it cant hurt to much now, the secret to winning this game is to trade short term. you cant win the game on a long term hold.

even though the stock market had its biggest drop in 30 years today you can still make money.

i made about $70,000 today with about a dozen trades.

the key is to look for mid cap stocks that have opened with massive losses, 10 - 30 % , that rebound later in the day

eg DYL opened at about 22c, dropped to 16c, closed at 19c with some fluctuation during the day

22/01/2008 13:46:19 TRADE SELL SBM 0.70 260000 $2,600.00
22/01/2008 13:42:10 TRADE BUY SBM 0.69 260000 $0.00
22/01/2008 13:12:00 TRADE SELL DYL 0.20 1000000 $10,000.00
22/01/2008 12:58:20 TRADE BUY DYL 0.19 1000000 $0.00
22/01/2008 12:51:21 TRADE SELL SBM 0.69 270000 $2,700.00
22/01/2008 12:45:57 TRADE SELL LYC 0.90 200000 $0.00
22/01/2008 12:42:19 TRADE BUY SBM 0.68 270000 $0.00
22/01/2008 12:40:24 TRADE BUY LYC 0.90 200000 $0.00
22/01/2008 12:31:23 TRADE SELL PPX 2.18 85000 $2,550.00
22/01/2008 12:28:09 TRADE BUY PPX 2.15 85000 $0.00
22/01/2008 12:22:36 TRADE SELL PPX 2.18 84000 $1,680.00
22/01/2008 12:22:27 TRADE SELL CER 0.24 700000 $7,000.00
22/01/2008 12:20:09 TRADE BUY CER 0.23 700000

you just have to pick the stocks that are moving in the right direction

Mouse · 22 January 2008

Thanks mikat,

I did that with DRT the other day, and tried with SIP today. Unfortunately I didn't sell the SIP ones when they had a profit so ended up losing on it.

cheers
Mouse

trillionaire#1 · 22 January 2008

nice strategy mikat and one that kept me inside the top 50 most of the game
until i tried reaching for you top guys and blue big bucks on cer,cnp,and mfs
i might be able to add some respectability to my position if i spend the time but i fear ive fallen waaaay too far behind.

mikat · 22 January 2008

i lost about $100k on CER and CNP, but ive tried to just move on and catch back up to Dash.

because were not playing for any real losses you can take risks that you wouldnt do in real life, like buying 1,000,000 shares in DYL for 18c hoping they will go up, .

i think my secret has been consistent profits, small ones every day, but getting them every day, any where from 2 to 5% with an occasional 7 - 10%

hopefully it will work with only $100,000 and only $20k at at time in the finals.

but i guess every ones the same, it will come down to who can do the best , quickest research.
in another 1.5 weeks i would think that we will see a rebound in the market as bargin hunters step in and rebuy the stocks that have crashed, so the
finals may see some good buy and sell opportunities.

blind freddie · 23 January 2008

Worked out that I'm not a trader, so at this game I really stink, mind you if there is a buying frenzy this morning, that could all change.

In the carnage that was yesterday, I managed to pick up some absolute bargains (real world), just have to do a bit of white knuckling until the market returns.

Had a look at ASX game yesterday, but only allowed to pick from 100 stocks, might have to give all of this crap away and go back to work, mind you this will be missed

blind freddie · 23 January 2008

Zero to hero is only one short step. Mind you all of the electronic trading houses seem to be in melt down at the moment

Mouse · 23 January 2008

158 Mouse $95,783.85 $364,064.97 $459,848.82
159 Mr Camouflage $34,602.25 $425,208.62 $459,810.87

Hehehehe,

Hows everyone going today?

cheers
Mouse

blind freddie · 23 January 2008

Still no threat to anybody, but managed to climb over 200 to 300 players today, and am almost at the 500 mark

Mouse · 23 January 2008

Go freddie!

I spotted our old mate wysiwyg trying to sneak up on us at position 444

cheers
Mouse

tigerboi · 23 January 2008

cant do a thing with etrade r ooted,also got a stock sitting on a 1/2c & wont

sell for me.....sitting here like a stale bottle of piss

blind freddie · 23 January 2008

What a fun morning! Really can't take to stale bottles of piss so know how you feel, of course unless mousie whishes to oblige. Would crawl over two miles of broken glass just to hear her piss in a jam tin!

Mouse · 23 January 2008

blind freddie said:
What a fun morning! Really can't take to stale bottles of piss so know how you feel, of course unless mousie whishes to oblige. Would crawl over two miles of broken glass just to hear her piss in a jam tin!

Freddie!!!

Only 2 miles???? I'm shocked. :

cheers
Mouse

Trader Paul · 23 January 2008

Hi folks,

... what was the question or answer from yesterday, then???

many thanks

paul

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Mouse · 23 January 2008

Hi Paul,

The answer was tah.

cheers
Mouse

Trader Paul · 23 January 2008

Thank you, Mouse ... no threat to anybody on this end,
as don't have the opportunity to focus on this challenge
intraday and don't use referrals and the like for extra cash ...

thanks again

paul

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Trading Matters Challenge

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