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After clicking "join this game", I get a cannot be found page
Could be fun. Would have been nice to start at the beginning of the year. I'm already up 60% YTD.
Holy shit, dude. You went LONG 2,000 BAC?
I'm in there with some wild men.
BAC to $3.25.
is it just me or this platform extremely buggy? It's telling me i got in at prices that even remotely reflect what I actually bought at!? I'm down 200 when I should be up about 200?
for example, it has my cost basis for FAZ at 79.34...it hasn't even broken 79 today....
commission charges?
Are you looking at real-time data for your own calculations?
im going to own u bitches
get at me (savetheunion)
im ranked 3rd bitches in only 4 trades lol eddie is about to go bankrupt XD
This little pop in the market flipped all of our positions. Haha, I hope that we all don't lever up as much as we are here in our real investments.
yea i noticed that lol i'm done for today i lost 3 trades im out
Ouch, total, those last 20 minutes with FAS took you out!
1st place! mwahaha
Definitely paid to be short BAC today. I was short, but not short enough. Bought to cover at the close, though, just in case they do something radical overnight to shore up their capital position.
I'm amazed you would hold it ~6000 short BAC overnight with the FOMC tomorrow. I sold all my puts today. I did have more cash wise than you but its only day trading only for me for awhile. Markets are too crazy. Options settlement is 1 day so it works. :)
This is going on my resume
Paulson just called me and asked to speak to whoever RickRoss is. Damn.
shadow67 $15,946.04 -20.27% -$4,053.96 10 + Add Label
hahahaha
FUCKFUCKFUCK
Went back to the DXD well one time too many today. Made some nice money twice, and then gave back $1,100 on the third time. Still went from #17 earlier in the day back to #2 going into the close.
Ugh, can't put any limits/stop loss etc, right?
Shorted BAC and FAS when the market turned for the worst about an hour ago but got busy at work and couldn't cover the positions. Things got ugly
Well that actually worked out well for me....
640 point intra-day swing. That's what the fuck I'm talking about.
What the hell is going on
Thought I'd get cute and short DXD today. Luckily I pulled the plug before I got hurt too bad.
Ignorant question: If you had real positions, would you keep them overnight or try to close a position everyday?
depends on your investment style, and also your budget. If you dont have a significant amount of capital invested then the commissions could add up and cut into your profit .
For example: If you have an account with a top online broker such as e*trade, Fidelity or TD, and you only have a few g's in there day trading like that could cost you a decent amount of your capital per day.
Those brokers usually charge around $10 per trade, so if you have $2,000 in a trading account and you execute 4 trades, or open and close 2 positions, then you just spent 2% on commissions which requires some serious returns to stay positive.
i prefer to use updown.com instead but im about to join marketwatch lol
Long holders seem to be doing better in this market on average. Who else is doing this for the first time?
I am. This is really my first foray into the market altogether.
I'm taking an unadulterated ass pounding today. Good times.
Hmmm, quotes seem delayed or something compared to my ThomsonONE
First one to zero wins! Go!
I made a nice profit from XOP today, but I'm thinking the oil/gas industry is being overbought, I'm thinking of selling my remaining XOP shares soon.
anyone agree?Disagree?
Gold fucked me today. GLENN BECK YOU HAVE LIED!!!
Who is K.Mountain? Im curious of your strategy. You have made 179 trades already, and w/ $10 fees, that makes $1790 in fees... so Im curious of your strategy overall, and how you learned to trade, because you have made good overall returns (10%+), and are exposed to something I have next to no exposure with. Thanks : )
Also, could anyone explain to me why the market values of the holdings are all roughly twice the net worth? I'm pretty new to trading, and I can't understand the why K.Mountain for instance has ~43k in buying power but only a 21.5k net worth. Is this based off of a 1 to 1 leveraging?
it's due to margin.
http://www.investopedia.com/terms/b/buyingpower.asp
i created this game and someone else posted it haha. jacked my game
Joined, hopefully perform well enough to put on SA resumes..
wait we can put this on resume?
Sounds like fun, count me in.
BAC is killing it. Who would have thunk it?
So what strategies are the people here using? I'm longing only, with companies either which I think would benefit from uncertainty, or which were hammered last week, or which I feel are undervalued in general, or which Buffett owns. I'm 90% sure most of my success has been because of the bull market in general, and because of luck.
Furthermore, just passed the 20% gains mark. Booyah.
Bouncing off a 52-week low is the new killing it.
In the proper time frame, yes, that is in fact killing it.
U jelly?
I'm counting on news out of Europe shaking things back up tomorrow.
I'm quickly climbing up the ranks..coming for ya, Seabird.
Dang. We all got owned today by Meech. What made you make the bet on gxyey? Good move anyways.
I've looked over the strategies of the leaders on some other games. They seem to focus on FAS, FAZ, GERS and NEGS. Not sure how applicable those would be in real life, because GERS and NEGS have such low market caps, but it seems interesting for the games. Thoughts?
Food for thought?
A $2 Million Bet That Bank Of America Will Be $4 By November
Scrapped my diversified portfolio for JPM and FAS. Come on Friday bounce!
Anyone still playing? Anyone know who UWFosterSchool is being played by/for?
Yep, that is me seabird. You are managing to kick my ass by copying my picks, but give me a couple days, and I will be on top. Consistency is key with my trading method--in my other paper trading game on marketwatch (Jeff Reeves stock picks), I have not had a negative day in over 2 weeks, and sit with well over 300% returns in less than 3 weeks. PM me if you want some details. Obviously, I can't share everything, but I would be willing to chat with you.
I'm guessing you two are just manipulating the fills?
Negative. Luck on my part, probably skill on his, plus luck maybe. I'm just copying what hes doing, plus a couple other "lucky" trades on the side.
Well I'm sure there is a reason why you switched exclusively to penny stocks and your trading frequency exploded...
Lol @ you guys.
Right, I'd waste money competing with people from an online forum on to win a game that I've never played before in my life. Not to sound unduly harsh, but srsly dude, you sound like you'd also accuse people like Bernanke and Blankfein of having secret Illuminati connections and desires to rule the world.
Well actually, Bernanke and Blankfein DO have secret Illuminati connections and DO desire to rule the world. Common knowledge on the Street... In fact, you saying that they don't has proved to me what I already suspected all along.
am I already too late to join???
Its never too late.
Also, anyone know why I don't have any margin anymore?
First to 100k earlier today. Booyah. Gonna stop playing on Monday after the open when i can get it back over 100k (at 98 now) and wait out the rest.
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