Trading Matters Challenge

[tigerboi]

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

hey spider i noticed all the way you were always around 12-15th very

consistent,after the holiday restart my aim was to get up around your spot

say 12-15th,as i thought that may get me a spot anyway the 4 missed qs

the 1st 4 in the game & 1 day late started put me just about $60,000 short

of the finals,i had 2 in the top 65 at 1 stage,so happy with the outcome

mate the huge gains were made off market,those players will struggle in the

finals...good luck..tb..aka tjcheb..

 

[Mouse]

There's 21 in the finals?

Administrator is there as well, I wonder if that's the people running the game and why they are there.

cheers
Mouse

 

[mickzed]

hay mouse,
i was just go'n 2 ask the same thing,
1 * weekly winner + 10 top ten = 20 not 21.
or it did when i went to school.
????????????????
mick

 

[Mouse]

Hey mick,

Mebbe dat why we didna win, we counta da old fashion way?

cheers
Mouse

 

[mikat]

im not making any more waves with the organisers, they have made some threats about being too outspoken, but i will say that the system wouldnt let me make any buys until about 11am, so im am behind the 8 ball already.
there ar now 21 players to. ....

 

[mr camouflage]

You can view the finals leaderboard here:

http://www.tradingmatterschallenge.com.au/cnbc/www/cnbc/md/league/league.view.page.php

I expect there might be some bugs in the game. It is computer software after-all.

 

[mickzed]

im not making any more waves with the organisers, they have made some threats about being too outspoken, but i will say that the system wouldnt let me make any buys until about 11am, so im am behind the 8 ball already.
there ar now 21 players to. ....

wot, if you have a point of view or something to say you cant?
wot a crock of sh*t.

 

[BlazeTrader]

I think the organisers are in there so they can make sure they don't lose that car.

I think Cool Trader might be a bit suspect too!!

 

[tigerboi]

im not making any more waves with the organisers, they have made some threats about being too outspoken, but i will say that the system wouldnt let me make any buys until about 11am, so im am behind the 8 ball already.
there ar now 21 players to. ....

hey mikat i said that last week,trying to take profits on the open action from

10-11am just couldnt sell,i hit 570,000 into 22nd but couldnt sell,took me

another day to crack 570,000 then last day up to 600,000 it was very ****ty

but you have to turn the 20 min lapse in your favour,its only the 1st day

slow & steady will win this race & good planning for your 25 trades...tb

 

[RamPage]

hey mikat i said that last week,trying to take profits on the open action from

10-11am just couldnt sell,i hit 570,000 into 22nd but couldnt sell,took me

another day to crack 570,000 then last day up to 600,000 it was very ****ty

but you have to turn the 20 min lapse in your favour,its only the 1st day

slow & steady will win this race & good planning for your 25 trades...tb

Could somebody explain this to me.
I am sure I missed something, I just can't pick it.

 

[tigerboi]

last week i couldnt sell to take profits to put me tjcheb into the finals the

same problem mikat had today,unable to buy-sell for after 11.00am..tb

 

[RamPage]

last week i couldnt sell to take profits to put me tjcheb into the finals the

same problem mikat had today,unable to buy-sell for after 11.00am..tb

Did you try upping your "Buy Price" or lowering your "Sell Price".

 

[mr camouflage]

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

It is possible to change your username in the game, so maybe thats all that happened.

 

[RamPage]

Who knows,
"AlphaStore" sounds like a pr0n shop.
"Keyser_Söze" I think was a fictional murdeerous gangster.

Could be deemed as inappropriate.

 

[tigerboi]

Did you try upping your "Buy Price" or lowering your "Sell Price".

yeah tried it all,sometimes it was rooted..the portfolio price was 20 min slow

for instance CHC opened & ran to $1.68 but wouldnt let me sell at that price

and ive got live gear so being 20 mins behind wasnt my problem,when you

think about it runing the game on a 20 min delay would pose problems,

i would like to know who got to the highest without live data,i couldnt see

anyone hitting top 120 without live stuff,i think in the finals as i said the

scalpers will struggle as its a different ballgame with only 25 trades,the shorts

wont work as you can see already on the board,you gotta adjust your trading

style to longer type big opener stocks thats were the gains will be made &

with the type of stocks most punters dont look at,you know the ones you

see at around 10.45-11.00am opened up 6-8% nearly every morning without

much noise,they are the stocks that will blow it wide open,i did very well on

some in the last week....tb

 

[RamPage]

ive got live gear so being 20 mins behind wasnt my problem,when you

think about it runing the game on a 20 min delay would pose problems,

i would like to know who got to the highest without live data,i couldnt see

anyone hitting top 120 without live stuff,i think in the finals as i said the

scalpers will struggle as its a different ballgame with only 25 trades,the shorts

I must say I never had that problem.
No live data (such as online services as E – Trade and
CMC) is allowed.

And everybody is scalping, just different amounts.

 

[Spider61]

Hey RamPage, I remember you saying you had a new account flying back into the Top 10 a couple of weeks back....are you going to come clean and let us know which one is you?

Cool Trader and topned were late comers into the Top10 action, my guess is one of those.

 

[RamPage]

Hey RamPage, I remember you saying you had a new account flying back into the Top 10 a couple of weeks back....are you going to come clean and let us know which one is you?

Cool Trader and topned were late comers into the Top10 action, my guess is one of those.

What odds would you give on remaining on the League Table if I told you.

 

[mikat]

as nyone in the finals knows, you have to state whether or not you or any of your identities had been disqualified, so my guess is that rampage may well be in the finals, albeit against the rules.

no 400 trades a day though rampage

 

[mr camouflage]

I did notice that the portfolio price wasn't accurate, probably 20 minute delayed, but when you put an order in to buy or sell, it used the live market price.

The results after Day One: