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Trading Matters Challenge
- Thread starter Wysiwyg
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well trendsetters the scalpers have been scalped!!!
We have re-calculated and the table starting from Mondays Trading will look like this
Finalist New Total
1 alanmcg2 $122,880.74
2 hvnguyen $121,304.66
3 dash $119,268.68
4 Banksia $118,269.11
5 Cool Trader $117,869.57
6 Airy Fairy $116,748.89
7 John S $115,187.36
8 Lazarus $113,294.18
9 topned $112,974.89
10 leighton.nies $110,410.06
11 hugo 23 $109,954.18
12 Ron Brown $106,441.26
13 mikat $103,895.70
14 Annette Wilkins $102,918.63
15 simos $100,621.32
16 show me the money $99,932.17
17 Jonathans #1 $97,771.93
18 jrom $97,503.27
19 lucky9 $96,741.69
20 Maximus_Meridianus $91,430.86
to also clarify - yes you can buy stock less than $1.50, simply if you buy stock less than $1.50, sell them in less than half an hour and make a 1c gain you won't be creditted for the trade (that satisfies all 3 of the criteria) This is not open to interpretation
All other trades and trading is OK however we reserve the right to scrutinise any pattern of trading that we see as being "suspected of cheating, attempting to exploit the Contest or other inappropriate behavior."
Hope this is clear
Best of Luck
Quoting CNBC's Trading Matters Challenge :
Dear Finalists
Despite a general warning on market manipulation issued to all finalists on the 2/4/08 and individual warnings to some contestants issued during this week, there is still evidence of cheating and innapropriate behaviour that we as the promoter have deemed as cheating and regretfully we will need to take action against some contestants to ensure the competition is fair for all players.
The terms and conditions state the following
“Although all trading in the Contest is fictional, Participants are expected to engage in trading activity that fully complies with all federal and state securities laws (including without limitation insider trading), as if they were trading actual stocks."
Furthermore
Promoter reserves the right to terminate Contest participation by any Participants suspected of cheating, attempting to exploit the Contest or other inappropriate behavior. All such action will be determined by Promoter in its sole discretion.”
Contestants placing orders for minimal amounts in real trading systems to temporarily take advantage of a lower last traded price on a buy to sell later at the market price is cheating and not in the spirit of competition. From this point forward - anyone suspected of either being engaged in this activity ot taking advantage of somebody else engaging in this activity will be ejected without warning.
Use of trading systems to develop a trading strategy soley reliant on examining buying and selling volumes to make short term buy and sells is not in the spirit of competition. However obviously some contestanst can detect a short term buy and sell opportunity over the course of the day and it is relatively hard to seperate these two very different situations, however the status of our leaderboard and the style of trading by some contestants indicates that the examination of volumes on stocks is reasonably widespread.
We will therefore be doing two things to address this
Firstly new criteria will be introduced for the last week of trading to attempt to address this
1.Trades will not be credited if they are;
- Trades where stocks bought and sold that are priced under $1.50
- Trades where stocks bought and sold in a short time period (30 minutes)
- Trades where only a 1c gain is made
If a trade satisfies 3 of those criteria, you will not be credited for the trade, the gain will be removed from your portfolio value at the end of the day, it will still count as a trade (using up 2 out of your 25 transactions) and brokerage will be charged - meaning you will lose money from this transaction
If a trade satisfies only one or two of those criteria, you may not be credited with the trade at the discretion of the promoter.
2. The leaderboard will be adjusted to reflect the implementation of this as of pre-trading this morning - meaning the new leaderboard as of Monday 9am will look as such
New Table
hv nugen $123,367
dash $122,242
alanmcg2 $122,193
banksia $120,849
cool trader $119,490
airy fairy $116,749
top ned $114,675
john s $113,842
lazarus $113,494
leighton nies $113,320
hugo 23 $110,406
ron brown $106,441
annette wilkins $103,544
mikat $103,494
simos $100,196
show me the money $98,963
jonothon #1 $97,876
jrom $97,680
lucky9 $96,353
maximus meridianus $91,036
This will not be implemented until Monday prior to trading.
Almost all contestanst will receive an adjustment and this is not suggesting you are a cheat however the adjustment is required to keep the game as fair as is possible.
I hope all are able to work under the new criteria
Good Luck with Monday's trading
Trading Matters
www.tradingmatterschallenge.com.au
www.tradingmatterschallenge.com.au
www.tradingmatterschallenge.com.au
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We have re-calculated and the table starting from Mondays Trading will look like this
Finalist New Total
1 alanmcg2 $122,880.74
2 hvnguyen $121,304.66
3 dash $119,268.68
4 Banksia $118,269.11
5 Cool Trader $117,869.57
6 Airy Fairy $116,748.89
7 John S $115,187.36
8 Lazarus $113,294.18
9 topned $112,974.89
10 leighton.nies $110,410.06
11 hugo 23 $109,954.18
12 Ron Brown $106,441.26
13 mikat $103,895.70
14 Annette Wilkins $102,918.63
15 simos $100,621.32
16 show me the money $99,932.17
17 Jonathans #1 $97,771.93
18 jrom $97,503.27
19 lucky9 $96,741.69
20 Maximus_Meridianus $91,430.86
to also clarify - yes you can buy stock less than $1.50, simply if you buy stock less than $1.50, sell them in less than half an hour and make a 1c gain you won't be creditted for the trade (that satisfies all 3 of the criteria) This is not open to interpretation
All other trades and trading is OK however we reserve the right to scrutinise any pattern of trading that we see as being "suspected of cheating, attempting to exploit the Contest or other inappropriate behavior."
Hope this is clear
Best of Luck
Quoting CNBC's Trading Matters Challenge :
Dear Finalists
Despite a general warning on market manipulation issued to all finalists on the 2/4/08 and individual warnings to some contestants issued during this week, there is still evidence of cheating and innapropriate behaviour that we as the promoter have deemed as cheating and regretfully we will need to take action against some contestants to ensure the competition is fair for all players.
The terms and conditions state the following
“Although all trading in the Contest is fictional, Participants are expected to engage in trading activity that fully complies with all federal and state securities laws (including without limitation insider trading), as if they were trading actual stocks."
Furthermore
Promoter reserves the right to terminate Contest participation by any Participants suspected of cheating, attempting to exploit the Contest or other inappropriate behavior. All such action will be determined by Promoter in its sole discretion.”
Contestants placing orders for minimal amounts in real trading systems to temporarily take advantage of a lower last traded price on a buy to sell later at the market price is cheating and not in the spirit of competition. From this point forward - anyone suspected of either being engaged in this activity ot taking advantage of somebody else engaging in this activity will be ejected without warning.
Use of trading systems to develop a trading strategy soley reliant on examining buying and selling volumes to make short term buy and sells is not in the spirit of competition. However obviously some contestanst can detect a short term buy and sell opportunity over the course of the day and it is relatively hard to seperate these two very different situations, however the status of our leaderboard and the style of trading by some contestants indicates that the examination of volumes on stocks is reasonably widespread.
We will therefore be doing two things to address this
Firstly new criteria will be introduced for the last week of trading to attempt to address this
1.Trades will not be credited if they are;
- Trades where stocks bought and sold that are priced under $1.50
- Trades where stocks bought and sold in a short time period (30 minutes)
- Trades where only a 1c gain is made
If a trade satisfies 3 of those criteria, you will not be credited for the trade, the gain will be removed from your portfolio value at the end of the day, it will still count as a trade (using up 2 out of your 25 transactions) and brokerage will be charged - meaning you will lose money from this transaction
If a trade satisfies only one or two of those criteria, you may not be credited with the trade at the discretion of the promoter.
2. The leaderboard will be adjusted to reflect the implementation of this as of pre-trading this morning - meaning the new leaderboard as of Monday 9am will look as such
New Table
hv nugen $123,367
dash $122,242
alanmcg2 $122,193
banksia $120,849
cool trader $119,490
airy fairy $116,749
top ned $114,675
john s $113,842
lazarus $113,494
leighton nies $113,320
hugo 23 $110,406
ron brown $106,441
annette wilkins $103,544
mikat $103,494
simos $100,196
show me the money $98,963
jonothon #1 $97,876
jrom $97,680
lucky9 $96,353
maximus meridianus $91,036
This will not be implemented until Monday prior to trading.
Almost all contestanst will receive an adjustment and this is not suggesting you are a cheat however the adjustment is required to keep the game as fair as is possible.
I hope all are able to work under the new criteria
Good Luck with Monday's trading
Trading Matters
www.tradingmatterschallenge.com.au
www.tradingmatterschallenge.com.au
www.tradingmatterschallenge.com.au
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I see the promotors are still digging.
Does that mean that if a players stock goes down they have to wait until they lose say $0.05 or $0.10 before they are allowed to sell.
HaHaHa, If they get away with this there is no law, now that is a interesting thought.
Does that mean that if a players stock goes down they have to wait until they lose say $0.05 or $0.10 before they are allowed to sell.
HaHaHa, If they get away with this there is no law, now that is a interesting thought.
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its amazing this game ,will the rule changing ever stop,maybe on friday
they will announce the prize car is now an xd falcon
they will announce the prize car is now an xd falcon
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Quote: Almost all contestanst will receive an adjustment and this is not suggesting you are a cheat however the adjustment is required to keep the game as fair as is possible. End Quote.
You are right, you are not suggesting, you are stating, and fair for who.
You are right, you are not suggesting, you are stating, and fair for who.
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the blatant cheats manipulating sul,dyl etc should have been lifted asap to
send a clear message but they have now decided you can rort the game but
you will lose it...the leaderboard is secret the last week so the game is really
over,scalping should have been forbidden right from the start then it would
have been much even,referals gave too much advantage right from the start
remember day 1??? the market was smashed & the leader was up by 80,000
my tip alanmcg2 is right in the hunt for the car maserati,mini,monaro???
i just think its disappointing the game was dotted with the smarties who
think they could get away with it,dumb & dumbers i reckon as they have
been pinched every time,they couldnt help themselves going for the big gains
instead of being subtle about it...dopes..anyhow well done to the honest
finalists..tb
send a clear message but they have now decided you can rort the game but
you will lose it...the leaderboard is secret the last week so the game is really
over,scalping should have been forbidden right from the start then it would
have been much even,referals gave too much advantage right from the start
remember day 1??? the market was smashed & the leader was up by 80,000
my tip alanmcg2 is right in the hunt for the car maserati,mini,monaro???
i just think its disappointing the game was dotted with the smarties who
think they could get away with it,dumb & dumbers i reckon as they have
been pinched every time,they couldnt help themselves going for the big gains
instead of being subtle about it...dopes..anyhow well done to the honest
finalists..tb
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Well done to the honest finalists?
Thats a joke firstly noone knows who they are!
This game was the lamest thing ever concocted by cnbc.
They are the ones manipulating and cheating, they add rules, change rules,
and manipulate players as they want.
I still predict that Simo will win, he is the only one they have put to air as a winner, chances are he is an actor being paid by them, and probably lives in remote Australia!
GAME this was not a game it was a SHAM!
Thats a joke firstly noone knows who they are!
This game was the lamest thing ever concocted by cnbc.
They are the ones manipulating and cheating, they add rules, change rules,
and manipulate players as they want.
I still predict that Simo will win, he is the only one they have put to air as a winner, chances are he is an actor being paid by them, and probably lives in remote Australia!
GAME this was not a game it was a SHAM!
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My advice is, don't subscribe to ETrade.
If this is an example of how they believe they can treat one's credits with play money, imagine what they would be like with one's real money. The scary thing is ETrade is owned by a bank.
CNBC Trading Matters has no credibility left, so there would be no point in watching that program, and FoxTel and General Electric International Inc are going to be sucked down with them.
Somebody is not gonna be happy.
If this is an example of how they believe they can treat one's credits with play money, imagine what they would be like with one's real money. The scary thing is ETrade is owned by a bank.
CNBC Trading Matters has no credibility left, so there would be no point in watching that program, and FoxTel and General Electric International Inc are going to be sucked down with them.
Somebody is not gonna be happy.
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Now you cant even view the leaderboard.
So I guess they can manipulate the leader board without the scrutiny of the general public.
what a joke.
So I guess they can manipulate the leader board without the scrutiny of the general public.
what a joke.
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The hidden leaderboard will prevent the leaders from coasting if they realise that they are comfortably ahead. Everyone will now be concentrating of the job of trading.
I would like to see Mikat or Alan win as they have been kind enough to share their thoughts and experiences with us.
I would like to see Mikat or Alan win as they have been kind enough to share their thoughts and experiences with us.
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Are you saying being comfortably ahead is against the rules now.
Surely you don't believe that.
I think the winner is being selected, wittingly or unwittingly there is a ringer in the game.
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here is the updated leaderboard top 5
1.alanmcg2....$125,025
2.dash......$124,738
3.cool trader...$123,890
4.hvnugyen...$122,959
5.airy fairy...$118,991
with the leaderboard closed it means they can put all the smarties that
thought nobody would catch them right behind no1 so they cant win
as for etrade ive had it for awhile & couldnt do without it,in fact today they
asked me to trial an updated version of etrade pro for them for the next
month....if you were being shifty & got pinched & got lifted then cop it sweet
just means you should have played honest even if you did not get in the
finals...tb
1.alanmcg2....$125,025
2.dash......$124,738
3.cool trader...$123,890
4.hvnugyen...$122,959
5.airy fairy...$118,991
with the leaderboard closed it means they can put all the smarties that
thought nobody would catch them right behind no1 so they cant win
as for etrade ive had it for awhile & couldnt do without it,in fact today they
asked me to trial an updated version of etrade pro for them for the next
month....if you were being shifty & got pinched & got lifted then cop it sweet
just means you should have played honest even if you did not get in the
finals...tb
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I agree with thecomment that there is a ringer in this competition but I have always thought the ringer goes by the name Cool Trader.
Lets see.
Lets see.
the score board is hidden now to every one except CNBC, but individual players still know there own position, so you know when your moving up or down.
after the end of last week, new rules imposed retrospectivly, to take away the advantage of the cheats, its a bit of a farce.
the organisers should have just eliminated the repeat offenders, but then there might only be 3 or 4 players left.
i had $402 removed from my account, because i did a trade that broke the three "new" rules. i did the trade Friday during the day, we got informed of new rules after close on friday.what did i do? i sold a stock for a 1c gain about 25 minutes after buying it. why? because it wasnt moving in the direction i thought it would. some players had many $000's removed. why didnt they just get the boot.
i can see why the new rules are imposed, to stop people manipulating the real market to get a game advantage,but instead ofsaying you cant trade stock under $1.50, and make 1c onit in under 30 minutes, or even at all at there discretion if after 30 minutes, they should have maybe stopped repeat trades of the same stock in 1 day.
i dont believe that there are any inside players. my bet for the win is alan.
and probably most deserved. he trades for a living and does the work.
me, if i won it would be by making lucky buys. if one or three of the other players win, it will be because they cheated.
the game in the finals is a totally different animal to the 10 weeks leading up to it, and in hindsight should have been played either like the semis till th end, with the highest total winning, or like the finals for 12 weeks.
i would probaly have been short odds to win the former, but would have preffered the latter.
after the end of last week, new rules imposed retrospectivly, to take away the advantage of the cheats, its a bit of a farce.
the organisers should have just eliminated the repeat offenders, but then there might only be 3 or 4 players left.
i had $402 removed from my account, because i did a trade that broke the three "new" rules. i did the trade Friday during the day, we got informed of new rules after close on friday.what did i do? i sold a stock for a 1c gain about 25 minutes after buying it. why? because it wasnt moving in the direction i thought it would. some players had many $000's removed. why didnt they just get the boot.
i can see why the new rules are imposed, to stop people manipulating the real market to get a game advantage,but instead ofsaying you cant trade stock under $1.50, and make 1c onit in under 30 minutes, or even at all at there discretion if after 30 minutes, they should have maybe stopped repeat trades of the same stock in 1 day.
i dont believe that there are any inside players. my bet for the win is alan.
and probably most deserved. he trades for a living and does the work.
me, if i won it would be by making lucky buys. if one or three of the other players win, it will be because they cheated.
the game in the finals is a totally different animal to the 10 weeks leading up to it, and in hindsight should have been played either like the semis till th end, with the highest total winning, or like the finals for 12 weeks.
i would probaly have been short odds to win the former, but would have preffered the latter.
I wish I was as confident as some that I can hang onto the lead, but I think I'll be hard pressed. Today, with our market down 120 points, I thought I did OK to squeeze out $1500 or so in gains, but 2nd/3rd (dash and CoolTrader), each made another 6k or so today, so have just about got me.
It's funny that Blaze thinks CoolTrader is the ring in, I always felt he was one of the booted contestants reincarnated.....
A
It's funny that Blaze thinks CoolTrader is the ring in, I always felt he was one of the booted contestants reincarnated.....
A
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I was just thinking, if I were to buy stock below $1.50 and it dropped in value and I sold it before the 30m time limit, would they refund the loss.
just a thought.
just a thought.
Been reading with interest the comments posted by all and sundry for quite some time now - started in the game myself very, very late at around 20000+, ended in the early 700's, Brought a lot of dud stocks, but made a little with some others. Overall enjoyed the game as I was only in it for the fun. Knew that there would be some serious players given the touted prize on offer (maybe it's really just a Biante model?).........but with that said - I'm not sure of a 'ringer' in the field, but that's a possiblity, but I do think that there is at least one of the removed players still in the game and I don't believe in conspiracy theories like a couple of others. Pity that the leaderboard is now hidden........oh well, that's life I guess.
remember - life is too serious to take seriously!!
remember - life is too serious to take seriously!!
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Spiders 61. You are going fantasically as what I believe to be one of the few honest/legitimate players left.
For my own improvement I would like to know what system you use. Could you tell me if you use a live charting platform other than Etrade or Commsec like MetaStock ot Trade Station. You have done we.
Still reckon Cool Trader will take it our and always have thought that but if he does there should be a formal investifgation.
For my own improvement I would like to know what system you use. Could you tell me if you use a live charting platform other than Etrade or Commsec like MetaStock ot Trade Station. You have done we.
Still reckon Cool Trader will take it our and always have thought that but if he does there should be a formal investifgation.
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