Trading Matters Challenge

[mr camouflage]

G'day all - I'm a newby, but doing ok so far - at number 227

My big question is how do the top group achieve a result of 20 - 30% gain within 1 days trading?

Any clues?

Yeah. I've worked it out.

Cant say any more, because I'm going to try it next week to see how I go, and I don't want everyone else doing it too

 

[blind freddie]

Know that there is a system to winning this, have not quite figured it out yet, has to have something to do with the delays between asx & trading matters. Bit pissed that there are a bunch of asx companies missing. Austin engineering have been going through the roof in the past month, but cant use them likewise Swick & Mermaid marine

 

[mr camouflage]

There could possibly be a 20 minute delay in prices between the ASX and the game, since if you are an etrade customer that pays the quarterly fee, you get live prices, but if you have the basic account, you get 20 minute delayed prices.

I don't think they give away for free in the game what people usually have to pay for in etrade. That would give you a 20 minute window into the future (if you have etrade as well) to pick and choose when to by buy and sell, and for how much.

If you had nothing else to you, you could day-trade all day to take advantage of this. I have to work, so I don't get to watch the game too often. I usually just check at the end of the day how i'm doing , and put in buy/sell orders for the next day.

 

[blind freddie]

Am also a working stiff with a little invested in the stock market. Work with an active trader, and his stress levels are a lot higher than mine. Was using the game to see if I should be a little more active in trading, but am frustrated by the lack of stocks to choose from. Current volatile markets make life a little more interesting. Not doing that well in the game based on trades alone. Am relying heavily on answering questions correctly so I can take greater risks, looking for the greater gain. Dangerous daves minimum trade is currently $100,000, where mine is about $50,000. Mind you he is very good at this game.

 

[saven]

There could possibly be a 20 minute delay in prices between the ASX and the game, since if you are an etrade customer that pays the quarterly fee, you get live prices, but if you have the basic account, you get 20 minute delayed prices.

Hmmm, I've been watching UXC this morning. According to etrade it's dropped from $1.92 to $1.91, but the game has shown it stuck at $1.94 for the last half hour. Seems the delays aren't limited to just 20 minutes.
Still, if I've learned anything from this game, it's that day trading doesn't pay (at least not for an amateur like me ).

 

[YEMEN]

:bonk:Hi all. Is anyone else having difficulty trading today. No buy or sell orders seem to be going through.

 

[Wysiwyg]

Dick Goyder is todays answer.

 

[Mouse]

Pssssttt wysiwyg,

Just tween you and me ... I've lost your name in the top 500. Where are you coming now???

I'm in position 424

cheers
Mouse

 

[saina]

M currently doing well - I usually do day trading on bad days and sell as many as possible when I know I have made enough percentage - just to increase my percenta rating
Anyways - I would love to find out what are some of the software programs yous' using. I am in search of a good software package (user friendly). m finding it hard to decide which one to go for - any suggestions????

 

[KeepNorthAtArden]

First post here as I just need to get someone elses opinion on this.

Just looked up the rankings and the leader is listed with a Portfolio worth -$1237.62!! How can your portfolio go negative???

Something dodgy is going on here.

 

[blind freddie]

Notice how dangerous dave has dissappeared from the rankings? Recon there is a way to take advantage of the system & maybe Dave was doing just that

 

[mr camouflage]

dangerous dave's account is completely gone. Its not anywhere in the 25,000 odd accounts that are still in the game. So has "My Maserati" who was #1 on percentage for the week

I guess they were disqualified for some reason.

 

[ToddPowers]

hehe, I came here to say what's already been said!
Now the rankings list looks a touch more realistic! :thumbsup:

 

[blind freddie]

What goes around comes around. No official word from CNBC about this. John Symonds is the go

 

[ToddPowers]

Thanks freddie!
*wipes sweat from brow*
First show that I missed since the competition!

 

[rouged_one]

Finally I have found a forum for trading matters challenge , honestly this comp has it's ups and downs , I enjoy it but who the hell are all these guys coming out making 50% gains in how ever many days doesn't make any sence but who am I to complain lol but just looking at the rankings today 7 /12 /07 and why does this person have 2 percentage showings oscar and liz r getting marry 2 +54.02% and oscar and liz r getting marry +53.37% I really don't care how these people are doing it but it need to be little more fair on the whole thing too many people take advantage of a comp that maybe little one sided lol having fun any way

 

[tigerboi]

it took me awhile but i finally worked it out

 

[ToddPowers]

Who is the CEO of the National Australia Bank?
DYOR!

That's the question for the weekend.
Have a good weekend everybody.

 

[Wysiwyg]

Thanks Mr. Powers.

Mousee Still in the top 1000, lol Keep trying, :. Show me your position and i`ll show you mine.

 

[Mouse]

Wysiwyg,

I was right next to you the other day for a few moments after I answered the quiz question ... until you answered it too and zoomed away.

I'm in position 260 with $298,667.30. I think I'm catching up to you?

cheers
Mouse