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no referrals for tjcheb or tigerboi,good stuff jock into the top 100,tuff work
with market at present...tb
with market at present...tb
Trading Matters Challenge
- Thread starter Wysiwyg
- Start date
I ended up with 3 referrals, and one missed question. If you add in the money I missed that way I would be up in the top 30
cheers
Mouse
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Heres where I ended up.
159 Mr Camouflage $551,022.59
Game high was 17th.
If you take away all the bonuses, I would have had lost $25,977.41 of the original $100,000 starting money.
My best profits came from MGX, $20,017.38
Biggest mistake I made was hanging on to falling shares because I thought they might come back up, when I should have cut my losses and sold.
So I wonder what happens Monday. Will we be able to log in and watch the finalists battle it out?
The ASX game starts soon, but first prize it $1000. Hardly seems worth the effort, when compared to a $250,000 Maserati. Come on ASX $50,000 would make me interested.
159 Mr Camouflage $551,022.59
Game high was 17th.
If you take away all the bonuses, I would have had lost $25,977.41 of the original $100,000 starting money.
My best profits came from MGX, $20,017.38
Biggest mistake I made was hanging on to falling shares because I thought they might come back up, when I should have cut my losses and sold.
So I wonder what happens Monday. Will we be able to log in and watch the finalists battle it out?
The ASX game starts soon, but first prize it $1000. Hardly seems worth the effort, when compared to a $250,000 Maserati. Come on ASX $50,000 would make me interested.
for anybody interested
below is an extract from email from CNBC
Here are some special conditions for the finals
· From Monday February 3 your portfolio will be adjusted to $100,000 prior to
market open at 10am.
· There are no trivia question and no refer a friend bonuses.
· Brokerage fees still apply.
· There is a limit of 25 trades per day for the duration of the final (a trade
is considered a buy or sell)
seems they want to make up new rules right at the end of the game , just to f*ck everybody around
below is an extract from email from CNBC
Here are some special conditions for the finals
· From Monday February 3 your portfolio will be adjusted to $100,000 prior to
market open at 10am.
· There are no trivia question and no refer a friend bonuses.
· Brokerage fees still apply.
· There is a limit of 25 trades per day for the duration of the final (a trade
is considered a buy or sell)
seems they want to make up new rules right at the end of the game , just to f*ck everybody around
hi folks,
just to let you all know how i went,
Cash Available: $35,239.12
Portfolio: $475,385.03
Total: $510,624.15
Ranking
Your portfolio is RISING today
Current Position: 411st Game High: 388th
Position Last Week: 411st Game Low: 18276th
Weekly Percentage Change: +11.74%
Open Positions
Stock Quantity Initial Current Positions P/L Trade
BSL 5400 $9.69 $10.50 $56,700.00 $4,374.00 Buy Sell
BHP 2258 $38.71 $38.55 $87,034.61 -$369.70 Buy Sell
OST 8090 $6.43 $6.71 $54,283.90 $2,253.37 Buy Sell
WBC 710 $28.41 $26.49 $18,804.35 -$1,367.04 Buy Sell
LGL 14812 $3.92 $3.69 $54,582.22 -$3,410.02 Buy Sell
BKN 6770 $9.08 $6.70 $45,325.15 -$16,164.88 Buy Sell
ANN 1000 $10.57 $11.88 $11,875.00 $1,305.00 Buy Sell
ERA 2118 $18.71 $19.86 $42,052.89 $2,425.11 Buy Sell
RIO 822 $114.26 $127.41 $104,726.91 $10,808.11 Buy Sell
happy to have finished at 411, could have been happier with a top 10 finish.
as you can see my worst buy was BKN and my best was RIO.
good luck to all tha made it into the finals.
are we all using this site for the ASX game or another?
cheers mick
just to let you all know how i went,
Cash Available: $35,239.12
Portfolio: $475,385.03
Total: $510,624.15
Ranking
Your portfolio is RISING today
Current Position: 411st Game High: 388th
Position Last Week: 411st Game Low: 18276th
Weekly Percentage Change: +11.74%
Open Positions
Stock Quantity Initial Current Positions P/L Trade
BSL 5400 $9.69 $10.50 $56,700.00 $4,374.00 Buy Sell
BHP 2258 $38.71 $38.55 $87,034.61 -$369.70 Buy Sell
OST 8090 $6.43 $6.71 $54,283.90 $2,253.37 Buy Sell
WBC 710 $28.41 $26.49 $18,804.35 -$1,367.04 Buy Sell
LGL 14812 $3.92 $3.69 $54,582.22 -$3,410.02 Buy Sell
BKN 6770 $9.08 $6.70 $45,325.15 -$16,164.88 Buy Sell
ANN 1000 $10.57 $11.88 $11,875.00 $1,305.00 Buy Sell
ERA 2118 $18.71 $19.86 $42,052.89 $2,425.11 Buy Sell
RIO 822 $114.26 $127.41 $104,726.91 $10,808.11 Buy Sell
happy to have finished at 411, could have been happier with a top 10 finish.
as you can see my worst buy was BKN
and my best was RIO.good luck to all tha made it into the finals.
are we all using this site for the ASX game or another?
cheers mick
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the best way to find how you went is add up your gains minus your losses so
tjchebs gains were $153,703....losses $76,561.....profit...$77,142....
i see there is now a limit of 25 trades a day,mmmmm
i would like to see the top 10 trading history until then im not convinced it
was all above board,re:trading after close in off market trades, i simply dont
believe the top 10 is that much better than say the next 20 players,for
example in the holidays ron brown fell way back to 130th then right into the
top 10 very quickly......as for the winner it will be whoever leaves their buy
windows open & catches the most off market trades from 4.10 onwards to
then get the huge gains in the morning,thats how it done folks the gains
you thought nah how has he gone from from there to here in quick time,
thats why the top 10 wont post trading histories,times will show off market
trading,anyway i will throw a curly one in by going for 12th place ALANMCG2
if he gets a start in the finals,he has been probably the most consistent
right from the start,always around 12th-15th...good luck in the finals,..tb
tjchebs gains were $153,703....losses $76,561.....profit...$77,142....
i see there is now a limit of 25 trades a day,mmmmm
i would like to see the top 10 trading history until then im not convinced it
was all above board,re:trading after close in off market trades, i simply dont
believe the top 10 is that much better than say the next 20 players,for
example in the holidays ron brown fell way back to 130th then right into the
top 10 very quickly......as for the winner it will be whoever leaves their buy
windows open & catches the most off market trades from 4.10 onwards to
then get the huge gains in the morning,thats how it done folks the gains
you thought nah how has he gone from from there to here in quick time,
thats why the top 10 wont post trading histories,times will show off market
trading,anyway i will throw a curly one in by going for 12th place ALANMCG2
if he gets a start in the finals,he has been probably the most consistent
right from the start,always around 12th-15th...good luck in the finals,..tb
Hey tb, I hope alanmcg2 gets a place in the finals....I am he! I think a couple ahead of me were weekly winners, so hoping to sneak a spot.
I short term trade for a living, so have found it extremely challenging to find the time to do the contest justice. In a normal trading day in the real world it's not at all unusual for me to do 50+ trades a day, and usually hold anywhere between 20-40 open positions, so to trade in my style in the competition is a fair strain on the old grey matter as you could imagine, and when it comes to the crunch I need to give priority to the trading that earns me real money.
I can assure you I have never tried any dodgy way of getting orders filled, and personally doubt that is how the leaders have been doing so well. What I'm sure some are doing is finding liquid, high volume stocks, and just buying and selling the spread with limit orders, over and over again. It wouldn't be too hard to find 5 suitable stocks and just buy/sell over and over all day. Only 1 tick per trade maybe but it would soon add up. Against the spirit of the game?...I think so
Of course it's totally unrelated to trading the real market, because in the comp you never have to place your order at the back of the buy/sell queue. If only it was possible, you could do a Maserati every week lol.
In the comp I've been looking to ride the little intraday runs and ranges you see in many stocks, be it 2 ticks or 200, but will lock in a tick or break even at first sign of a stall. I've also had a couple of decent drawdown days where I've had to simply ignore the comp for a while to focus on my real stocks, especially with all this amazing recent volatility.
I'd hate to think how much in real terms the competition has cost me in missed opportunities by not giving 100% focus to my real trading, but I love working in a frantic atmosphere, and maybe that's why I stuck at the comp, I definitely enjoyed the challenge.
I also try to keep my blog current during the day, so it's all been getting a bit of a handful!
I've really enjoyed reading all the banter here, and well done everyone on your performances! Haven't seen a post from RamPage for a while, I wonder if he made it back into the Top 10 with his new entry as he had suggested.
If I have made the finals, I wouldn't put your money on me. I'd have to basically stop my real trading to give it a fair crack against the obvious favourites, but if I could stay close in the first week, then who knows. The 25 trade a day limit will certainly even the playing field a lot too. Also I'll be happy to post my daily trades here if I make it, if they are of interest.
Cheers
I short term trade for a living, so have found it extremely challenging to find the time to do the contest justice. In a normal trading day in the real world it's not at all unusual for me to do 50+ trades a day, and usually hold anywhere between 20-40 open positions, so to trade in my style in the competition is a fair strain on the old grey matter as you could imagine, and when it comes to the crunch I need to give priority to the trading that earns me real money.
I can assure you I have never tried any dodgy way of getting orders filled, and personally doubt that is how the leaders have been doing so well. What I'm sure some are doing is finding liquid, high volume stocks, and just buying and selling the spread with limit orders, over and over again. It wouldn't be too hard to find 5 suitable stocks and just buy/sell over and over all day. Only 1 tick per trade maybe but it would soon add up. Against the spirit of the game?...I think so
Of course it's totally unrelated to trading the real market, because in the comp you never have to place your order at the back of the buy/sell queue. If only it was possible, you could do a Maserati every week lol.
In the comp I've been looking to ride the little intraday runs and ranges you see in many stocks, be it 2 ticks or 200, but will lock in a tick or break even at first sign of a stall. I've also had a couple of decent drawdown days where I've had to simply ignore the comp for a while to focus on my real stocks, especially with all this amazing recent volatility.
I'd hate to think how much in real terms the competition has cost me in missed opportunities by not giving 100% focus to my real trading, but I love working in a frantic atmosphere, and maybe that's why I stuck at the comp, I definitely enjoyed the challenge.
I also try to keep my blog current during the day, so it's all been getting a bit of a handful!
I've really enjoyed reading all the banter here, and well done everyone on your performances! Haven't seen a post from RamPage for a while, I wonder if he made it back into the Top 10 with his new entry as he had suggested.
If I have made the finals, I wouldn't put your money on me. I'd have to basically stop my real trading to give it a fair crack against the obvious favourites, but if I could stay close in the first week, then who knows. The 25 trade a day limit will certainly even the playing field a lot too. Also I'll be happy to post my daily trades here if I make it, if they are of interest.
Cheers
as i have already said in a recent post, my trading activity is there forr anyone who wantas a look.
mr camoflauge has a copy, and since there have been no posts from him about my trades i would sggest its above board.
the top ten would have all been trading off the small tick changes, and the opportunity was there for everyone to do the same, and many did.
the finals now are limited to 25 trades per day, so everyone plays off that bat.
so be it.
i dont believe that you could buy out of market, or sell out of market, but if some one shows me a trading history that did, i will eat my words
mr camoflauge has a copy, and since there have been no posts from him about my trades i would sggest its above board.
the top ten would have all been trading off the small tick changes, and the opportunity was there for everyone to do the same, and many did.
the finals now are limited to 25 trades per day, so everyone plays off that bat.
so be it.
i dont believe that you could buy out of market, or sell out of market, but if some one shows me a trading history that did, i will eat my words
Hey Mikat,
I had one trade that went through on the Australia Day public holiday. I don't know how it happened, it wasn't on purpose, but it did happen.
28/01/2008 20:24:53 ACCOUNT $10,000.00
28/01/2008 10:02:31 TRADE SELL BPT 1.40 70559 $2,116.77
26/01/2008 07:46:22 ACCOUNT $10,000.00
cheers
Mouse
P.s. Good luck in the finals.
ok, i might be wrong,
that was a sell, i would like to see if anyone had a buy after hours. it wont matter now, the games over, but it would be inteesting to see if it happened
that was a sell, i would like to see if anyone had a buy after hours. it wont matter now, the games over, but it would be inteesting to see if it happened
Hey Mikat,
I had one trade that went through on the Australia Day public holiday. I don't know how it happened, it wasn't on purpose, but it did happen.
28/01/2008 20:24:53 ACCOUNT $10,000.00
28/01/2008 10:02:31 TRADE SELL BPT 1.40 70559 $2,116.77
26/01/2008 07:46:22 ACCOUNT $10,000.00
cheers
Mouse
P.s. Good luck in the finals.
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In my view I think the promotors dumped the players that would have made the comp a real comp, after all the prize was worth playing for. The comp did get pretty lame at the end.
25 trades a day, well that's just stupid, that would be more suited to an long term investor, not a day trader.
Ten days is far too short for a long term investor, might as well just pick your stock well at first then hope that luck is in your favour. It is now what I would call a lottery.
Nothing like what it was at the begining.
Mouses holiday trade would have been a timing mismatch, almost impossible to predetermine, I don't think anybody was cheating, maybe those on high but certainly no players, just not possible.
25 trades a day, well that's just stupid, that would be more suited to an long term investor, not a day trader.
Ten days is far too short for a long term investor, might as well just pick your stock well at first then hope that luck is in your favour. It is now what I would call a lottery.
Nothing like what it was at the begining.
Mouses holiday trade would have been a timing mismatch, almost impossible to predetermine, I don't think anybody was cheating, maybe those on high but certainly no players, just not possible.
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I forgot to ask, what is the "spirit of the game"?
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Not challenging the minds of the organisers
I mean how many rules did they change along the way.
It certainly soured the game for some people.
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Hi guys,
This changing the rules and eliminating hot traders is a real concern.
Does anyone know what Department of Gaming and Racing controls there are on the organisers to ensure that the whole competition is not rigged?
Why would they want to give away a $280,000 Maserati? Why not $50,000 or $100,000. Why a quarter of a million dollar prize and then change the rules so that it basically become a game of chance and luck rather than a skillful trading competition. What are they getting out of giving away about $300,000?
If there are no real controls and the results are determined by a small group of people on a computer somewhere, the mind boggles with what manipulation coud occur if someone wanted to be less than honest and legitimate.
Anyway I guess we can all watch the contestants percentage increases unfold on the website to see if anything strange occurs at the last minute to ensure the prize goes to a particular player. I guess it is one positive thing that the progressive results are being shown for all to see and witness as it would be a real concern if the progressive results were taken away and a winner just annouced with no apparent audit procedure in place and no progressive results to be viewed all concerned.
This whole competition just seems to smell a bit. Who knows?
What do others think?
This changing the rules and eliminating hot traders is a real concern.
Does anyone know what Department of Gaming and Racing controls there are on the organisers to ensure that the whole competition is not rigged?
Why would they want to give away a $280,000 Maserati? Why not $50,000 or $100,000. Why a quarter of a million dollar prize and then change the rules so that it basically become a game of chance and luck rather than a skillful trading competition. What are they getting out of giving away about $300,000?
If there are no real controls and the results are determined by a small group of people on a computer somewhere, the mind boggles with what manipulation coud occur if someone wanted to be less than honest and legitimate.
Anyway I guess we can all watch the contestants percentage increases unfold on the website to see if anything strange occurs at the last minute to ensure the prize goes to a particular player. I guess it is one positive thing that the progressive results are being shown for all to see and witness as it would be a real concern if the progressive results were taken away and a winner just annouced with no apparent audit procedure in place and no progressive results to be viewed all concerned.
This whole competition just seems to smell a bit. Who knows?
What do others think?
im not going to be critical of the organisers now, as i dont want to get eliminated, but there are a few more omissions from the final 20.
this is the top 14 at the end of the semis
1 dash $1,658,721.54
2 mikat $1,649,098.56
3 topned $933,013.09
4 AlphaStore $931,035.76 gone
5 hugo 23 $787,922.65
6 leighton.nies $762,226.39
7 Jonathans #1 $751,133.89
8 Ron Brown $744,741.65
9 Keyser_Söze $729,213.25 gone
10 Banksia $722,918.13
11 Cool Trader $692,762.77
12 alanmcg2 $688,373.82
13 jrom $666,168.36
14 Annette Wilkins $657,460.07
the 20 finalists are below
1. Show Me the Money
2. Hv Nguyen
3. wow22
4. Maxius Meridius
5. Airy Fairy
6. JohnS
7. Simos
8. Cool Trader
9. Dash
10. Lazarus
11. Mikat
12. TopNed
13. hugo 23
14. leighton.nies
15. Jonathans #1
16. Ron Brown
17. Banksia
18. alanmcg2
19. jrom
20. Annette Wilkins
as to watching the progression of the finals, only the first week of the finals will have the running portfolio balance, so even the 20 finalists wont know how much they have to get to be a winner.
as to what the promoters get out of this.
players subscribing to etrade pro, or fox.
etrade only need a couple of hundred new subscribers for 12 months to py the whole cost.
as to now being about skill? i agree its a bit more of a lottery. i have no doubt that all is above board, and at the end of the game i am sure that all portfolios will be shown, but with only two weeks, or 10 dys to play, its going to be about who picks some good stocks at the beginning and hangs on to them till the end.
this is the top 14 at the end of the semis
1 dash $1,658,721.54
2 mikat $1,649,098.56
3 topned $933,013.09
4 AlphaStore $931,035.76 gone
5 hugo 23 $787,922.65
6 leighton.nies $762,226.39
7 Jonathans #1 $751,133.89
8 Ron Brown $744,741.65
9 Keyser_Söze $729,213.25 gone
10 Banksia $722,918.13
11 Cool Trader $692,762.77
12 alanmcg2 $688,373.82
13 jrom $666,168.36
14 Annette Wilkins $657,460.07
the 20 finalists are below
1. Show Me the Money
2. Hv Nguyen
3. wow22
4. Maxius Meridius
5. Airy Fairy
6. JohnS
7. Simos
8. Cool Trader
9. Dash
10. Lazarus
11. Mikat
12. TopNed
13. hugo 23
14. leighton.nies
15. Jonathans #1
16. Ron Brown
17. Banksia
18. alanmcg2
19. jrom
20. Annette Wilkins
as to watching the progression of the finals, only the first week of the finals will have the running portfolio balance, so even the 20 finalists wont know how much they have to get to be a winner.
as to what the promoters get out of this.
players subscribing to etrade pro, or fox.
etrade only need a couple of hundred new subscribers for 12 months to py the whole cost.
as to now being about skill? i agree its a bit more of a lottery. i have no doubt that all is above board, and at the end of the game i am sure that all portfolios will be shown, but with only two weeks, or 10 dys to play, its going to be about who picks some good stocks at the beginning and hangs on to them till the end.
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I know exactly what you mean, and looking at Mikats list of top 20, I cant remember most of those names being weekly winners? Where did they come from?
I would really like the papers to watch this closely especially when the winner is announced, or will they?
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If one thinks about the rules of the game it was always a game of chance.
Late starters could get their:
$100,000.00 Opening.
$020,000.00 Referals.
$050,000.00 Answers.
= 70% gain for the week.
= in the finals.
Those who worked their butts off for the whole game just got ripped a big one.
Late starters could get their:
$100,000.00 Opening.
$020,000.00 Referals.
$050,000.00 Answers.
= 70% gain for the week.
= in the finals.
Those who worked their butts off for the whole game just got ripped a big one.
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I suspect that the two that were in the top 10 who have been eliminated were actually weekly winners under a different name.
Are you serious that they will not be letting people see the trading percentages of each trader in the last week. You have to be kidding. That gives them complete control of doing what they want to the percentages, if all is not above board, and no one will know. I hope there is an audit process.
If they were serious about being transparent and fully accountable they would show the progress right to the end. There is no logical reason to hold the results in the last week other than to argue that we will all get a "great" surprise. I am sure it will be an unexpected result!!
It is hard not to think there might be something going on. If there is I have my suspicions who the declared winner will be.
Mikat, if you are in the final 20 you should speak to the organiser and find out why the progressive results are being withheld in the last week. Is the contact person at CNBC or ETrade.
What makes you think everyone has the Etrade platform.
Best of luck Mikat.
Are you serious that they will not be letting people see the trading percentages of each trader in the last week. You have to be kidding. That gives them complete control of doing what they want to the percentages, if all is not above board, and no one will know. I hope there is an audit process.
If they were serious about being transparent and fully accountable they would show the progress right to the end. There is no logical reason to hold the results in the last week other than to argue that we will all get a "great" surprise. I am sure it will be an unexpected result!!
It is hard not to think there might be something going on. If there is I have my suspicions who the declared winner will be.
Mikat, if you are in the final 20 you should speak to the organiser and find out why the progressive results are being withheld in the last week. Is the contact person at CNBC or ETrade.
What makes you think everyone has the Etrade platform.
Best of luck Mikat.
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