Trading Matters Challenge

Mouse · 31 January 2008

It's not over yet!!!!

74 Mouse $344,183.96 $211,887.61 $556,071.57

I had hoped to get some on closing and go all in for a big gamble, but I missed. That could be a good thing if the market goes down in the morning.

I reckon one more week and I will be in the top 20

cheers
Mouse

trillionaire#1 · 31 January 2008

Mouse said:
It's not over yet!!!!

74 Mouse $344,183.96 $211,887.61 $556,071.57

I had hoped to get some on closing and go all in for a big gamble, but I missed. That could be a good thing if the market goes down in the morning.

I reckon one more week and I will be in the top 20

cheers
Mouse

er...time is not on our side mouse
jock (97th:$548,581)250th this morning,if only another week eh

tigerboi · 31 January 2008

Mouse said:
Not me thanks tigerboi,

That's only about $9000 ahead of me, and still a fair way off the top 10. I figure if I can get from there to the top 10 I can make the $9000 as well. But thanks anyway.

cheers
Mouse

mouse i was aware of that.it was a chance for someone back in the ruck to

show some dashbut in any case ive had 2 in the top 65 at one stage,but its
hard to buy-sell with just the one,so while hes gone well the 4 questions i

missed at the start would have put tjcheb right in the top 15,i found once

you get in the top 40 its hard going,got a high of 22 but couldnt sell quick

enough to stay,its got me rooted how you can make 400 trades as someone

said here,your portfolio wont keep up & buy at the right prices so many

times had to sell at a loss,all in all ive done real well,within the rules also,

none of this trading after 4.00 as some people have done,leaving their buy

windows open & snagging off market trades at very low prices so thats how

some have gone like a rocket,how do i know?it happened to me by mistake

one day i forgot i had left a buy there & at 4.28 it got a cross trade,the

same thing went on in the usa version of the game as i found a website that

told how people were leaving the buy open,also the was sneaky trading on

the monday holiday as i left a part fill ed pem buy for open tuesday but

when i went to the question on monday i seen that part of my $10,000

on the previous question was gone....

28/01/2008 10:02:55 TRADE BUY PEM 1.61 2000 $0.00 ..........

anyway got it all on the roll of one dice tomorrow,but the 10.00-11.00 time

is too hectic for the computer,interesting to see if the finalists would post

their trading history????if i made it i would,good luck mouse,wysiwyg,mr cam,

mikat & all the others for the final day tomorrow,tuff gig to run the leaders

down in the current market,so congrats to all who played in the spirit of the

game & to the blatant cheats who didnt think outrageous profits on days

where every stock was red,you know who you are,have a good long hard

look at yourself....cheers tb..aka tjcheb...

tigerboi · 31 January 2008

AMC will get you all another 10 grand large........

mr camouflage · 31 January 2008

Mouse said:
It's not over yet!!!!

I reckon one more week and I will be in the top 20

cheers
Mouse

Ummmm. But there's only one day left in the competition. Better make that last dash tomorrow

Competition ends this Friday for anyone that didn't make it to the top 10, or win a weekly prize.

mikat · 31 January 2008

i have to say that the last 10 weeks or so have been pretty hard work, and i think that im the only player who has been in the top 10 for pretty well all of the comp, except for 1 week when i went to 47, and at the start i was in at over 1000. that wont count for aything in the finals though

i also have to say that i have never used any advantage of out of market trades, and i would think that with modern technology the people running the show would be able to pick that up, as every trade is time stamped, and would probably explain why so many have been excluded.

win lose or draw i have played within the spirit of the rules, but with only two weeks of the finals, i am betting that luck will play more part in who wins than skill.
in my opinion it should have been a 12 week run , with the winner the highest at the end.
you could argue that im just saying that because im at the top, but every one has had the same opportunities in the game, and some play harder than others.

as to posting my trades, i would be happy to email to any one interested in what i played and how, but its pretty long.
i think i did about 3000 trades over 10 weeks, or about 60 per day .
if any one wants to review it they can email me direct at qcrestaurant@bigpond.com

with one day left i hope every one in this forum has a last go at a spot, and i will have one last go at the no spot going into the finals
mikat

peter2 · 31 January 2008

On several occasions last week I tried to day trade like a few have suggested. I had web-iress open and could see the market depth and the sales as they went through. I was trying to get 0.01 moves in CNP and CER, so volume was not a problem. The fastest trade I could manage in those few occasions was about 7 min for a round trip. It took about 2-3 minutes for the buy to register and another 2-3 minutes for the sell to register and this was when the price action was perfect. Many times price traded at my buy and sell prices without registering a trade. It was frustrating knowing that my computer setup was lacking the functionality that the leaders had. I noticed that my few sell at market orders were being filled upto 18 minutes later. Slippage was both positive and negative.

It was not a level playing field, much like the real market in many ways. I am not complaining as I failed to even make an overall profit. Very few did and if I had acheived this reasonable goal I would have been very happy as it turns out.

There were many times during this comp. that I found myself trading like the majority (that lose). I hung onto stocks that were going down and even used the bonus dollars to average down. It was a shock to see myself fall back into bad habits. I am thankful for being made aware that my bad habits are still there lurking beneath the surface. I wrote a few harsh words to myself that day. In this volatile market it was a valuable and inexpensive lesson.

Thanks for all the discussion in this thread. It was a fun diversion as our markets dropped.

mikat · 31 January 2008

i dont know what data supply you were using, but unless you were subscibing to etrade ie etrade pro , or paritech, or meta stock etc, your price and market depth would be 20 min delayed, so when you thought you were buying ata a price, you werent , this could also work in your favour, but i would think that on most occasions it would work against you.
delayed data would be fine for investing , ie buy a stock to hold over 1 day, but to day trade , and to have been at the top end you need real time data.

some days for me the trading platform would be incredidbly slow to register a price, due i would say to the large amount of players and data to update every second, and i got caught at end of day on several occasions with stocks that had hit a price, but failed to register a sale.

but as they say, the same problems were there for everyone, and for the top ten and ten weekly winners, it comes down to who had the best technical analysis of data, and who worked at it the hardest

peter2 said:
On several occasions last week I tried to day trade like a few have suggested. I had web-iress open and could see the market depth and the sales as they went through. I was trying to get 0.01 moves in CNP and CER, so volume was not a problem. The fastest trade I could manage in those few occasions was about 7 min for a round trip. It took about 2-3 minutes for the buy to register and another 2-3 minutes for the sell to register and this was when the price action was perfect. Many times price traded at my buy and sell prices without registering a trade. It was frustrating knowing that my computer setup was lacking the functionality that the leaders had. I noticed that my few sell at market orders were being filled upto 18 minutes later. Slippage was both positive and negative.

It was not a level playing field, much like the real market in many ways. I am not complaining as I failed to even make an overall profit. Very few did and if I had acheived this reasonable goal I would have been very happy as it turns out.

There were many times during this comp. that I found myself trading like the majority (that lose). I hung onto stocks that were going down and even used the bonus dollars to average down. It was a shock to see myself fall back into bad habits. I am thankful for being made aware that my bad habits are still there lurking beneath the surface. I wrote a few harsh words to myself that day. In this volatile market it was a valuable and inexpensive lesson.

Thanks for all the discussion in this thread. It was a fun diversion as our markets dropped.

Wysiwyg · 31 January 2008

peter2 said:
I am not complaining as I failed to even make an overall profit. Very few did and if I had acheived this reasonable goal I would have been very happy as it turns out.

There were many times during this comp. that I found myself trading like the majority (that lose). I hung onto stocks that were going down and even used the bonus dollars to average down.

My thoughts exactly.I tried devoting time to trading in the comp. and every 7/10 entries dived straight away and didn`t pull out.So i held and no recovery so lost on most trades.(someone say stop loss)Paladin 5 entries 5 losses.All up on PDN about $45000.Biggest mistake .... BUY AND HOLD.ouch.Beats me how you can get over 1000% in a down trending market

Well done mousee good luck in the ASX comp.

trillionaire#1 · 1 February 2008

what a long game this has been!
it would have been nice to make the finals and a chance at the car.
if nothing else i hope this intense competion will improve my real trading skills
and net me some tidy bucks in the future. Good luck in the finals mikat
and stick to the same formula that got you there.

anybody care to list their best three stocks over the course?

mine were: lynas , centro , envestra.

Mouse · 1 February 2008

mr camouflage said:
Ummmm. But there's only one day left in the competition. Better make that last dash tomorrow

Competition ends this Friday for anyone that didn't make it to the top 10, or win a weekly prize.

Shhhhhhhhhh!!! The organisers of the game have made other changes, surely they could extend it and give me another week or two so that I have a chance at winning!

cheers
Mouse

blind freddie · 1 February 2008

Has been an interesting time to play. we have had bulls, bears and a big correction right in the middle of it all. Adding all of my reds and greens, the greens are only marginally ahead, so I would have been better off sitting on the cash. Mind you as the game is only short term, so short term strategies have to be used, rather than real life longer term strategies. Don't know how micat can be involved in the food industry, and have time to play these games. Been involved in food myself, and is a fairly intense industry to be in!

tigerboi · 1 February 2008

once again total bull****,when you try to sell on a high you get zero

very frustrating....

ithatheekret · 1 February 2008

A little birdie told me AMC was todays answer to some question in relation to this game .

mr camouflage · 1 February 2008

mr camouflage said:
Competition ends this Friday for anyone that didn't make it to the top 10, or win a weekly prize.

Actually there may still be hope for people just outside the top 10.

If any of the accounts in the top 10 were weekly winners, or on person has multiple accounts they will take the next person from number 11 onwards until they have 20 players for the finals. Well thats what I understand the rules to be.

After the end of the ten (10) weeks listed above, the ten (10) Weekly Prize winners together with the Participants with the ten (10) highest portfolio valuations (collectively, the “Finalists”) will compete for the Grand Prize in a play-off during the remaining two (2) weeks of the Contest (the “Finals”). For a detailed explanation of portfolio valuation, see below. In the event that a Weekly Winner is later determined to be ineligible for whatever reason, the Participant with the next highest portfolio valuation for that week will be deemed eligible for that Weekly Prize, however, in such event, there will be no replacement players added to the Finals. If one or more Weekly Winners(s) also has a top ten portfolio, the Participant with the next highest portfolios(s) will be eligible to participate in the Finals as a Finalist. For purposes of clarification, each Participant may only receive one (1) place in the Finals, irrespective of the number of portfolios entered. The following information is required for registration: first name, last name, valid email address, state of legal residence, telephone number (optional) and year of birth.

Mouse · 1 February 2008

mr camouflage said:
Actually there may still be hope for people just outside the top 10.

If any of the accounts in the top 10 were weekly winners, or on person has multiple accounts they will take the next person from number 11 onwards until they have 20 players for the finals. Well thats what I understand the rules to be.

92 Mouse $6,308.04 $561,051.22 $567,359.26

Great! I'm in with a chance provided 82 of the 91 ahead of me are either cheating, doubled up, weekly winners, or otherwise disqualified

Go the mouse!

cheers
Mouse

trillionaire#1 · 1 February 2008

damned if jock could catch that speedy little mouse, great finish mikat,tigerboi
is that it ,is it over!,maybe bloomberg and commsec could team up and give away a lamborghini

Mouse · 1 February 2008

So .....

Where'd we all finish?

86 Mouse $6,308.04 $564,363.22 $570,671.26

I'm happy with my result. It would be interesting to know just how many people were playing and what the averages and who was the lowest etc. I hope they post some figures

Thanks to everyone who shared answers, strategies, ideas and fun in this thread I really enjoyed it.

Oh, and wysiwyg me ol buddy .. nah nah ne nah nah :

cheers
Mouse

trillionaire#1 · 1 February 2008

Jock :94th :$567843.

$100000 start money + bonuses + 6 referals,woops i actually
blew about $38000

tigerboi · 1 February 2008

look at tjcheb aka tigerbois finish,25th & the 4 missed questions would of had

me in 16th,tigerboi my no.2 cashed him out today to finish in 132nd place,all

legal no rubbish cheating like some,3 best for tb was cnp,afg,bhp worst. gbg

twice...ouch! over to tjcheb his 3 best was cnp good trades,bnb,dyl,this

morning got really good profits on reu & rat,just knew they would open up big

but couldnt sell chc for an even much bigger profit,then threw it all on the

banks which had copped a hammering for 2 days,tosed in the trusty old wes

to take me to the finish line,only 430 trades for tjcheb & he didnt sell a stock

until the 14th day of the game(27th nov.)tb made 315 trades.well its been

a good week my daughter got her Ps,i won the jan.tipping comp,& cracked

the top 25 in the game,make that 24th looking at the updated scores....

congrats mouse at 86th cracked the ton for good!,mr cam 159th,wysiwyg

back there at 317th.cheers tb..aka.tjcheb....

Trading Matters Challenge

Mouse

trillionaire#1

tigerboi

tigerboi

mr camouflage

mikat

peter2

mikat

Wysiwyg

Everyone wants money

trillionaire#1

Mouse

blind freddie

tigerboi

ithatheekret

mr camouflage

Mouse

trillionaire#1

Mouse

trillionaire#1

tigerboi

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