Tuzzi came in just in time to catch the market on it's upswing tomorrow.. nice :shakeyfist: Damn you!
This, is why I asked Doug85GT last year, that a time limit be placed on the join date next time he started a game. There is an option on the setup page for that IIRC. As is, there's nothing to prevent someone from joining several/many weeks, or even 11 months after the game begins, and they automatically have a clean leg up on anyone who has suffered losses.
Antuzzi--I suggest you go maximum margin on 300,000 shares of ABK. It's way down right now.
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09:56 PM
87antuzzi Member
Posts: 11151 From: Surrounded by corn. Registered: Feb 2009
This, is why I asked Doug85GT last year, that a time limit be placed on the join date next time he started a game. There is an option on the setup page for that IIRC. As is, there's nothing to prevent someone from joining several/many weeks, or even 11 months after the game begins, and they automatically have a clean leg up on anyone who has suffered losses.
Antuzzi--I suggest you go maximum margin on 300,000 shares of ABK. It's way down right now.
Tuzzi came in just in time to catch the market on it's upswing tomorrow.. nice :shakeyfist: Damn you!
What makes ya so sure there will be an upswing tomorrow? Asian markets opened decidedly down already, and nothing is going to change regarding the economy between now and opening bell in NY tomorrow morning. There will be some bargain hunters I suspect, but I won't be buying the real world tomorow for sure.
That's not what has dragged them down--the whole market took a crap the last 2 days, and investors are wary about how much they are expanding in times that are more than a little "uncertain".
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10:44 AM
Doug85GT Member
Posts: 9704 From: Sacramento CA USA Registered: May 2003
This, is why I asked Doug85GT last year, that a time limit be placed on the join date next time he started a game. There is an option on the setup page for that IIRC. As is, there's nothing to prevent someone from joining several/many weeks, or even 11 months after the game begins, and they automatically have a clean leg up on anyone who has suffered losses.
Antuzzi--I suggest you go maximum margin on 300,000 shares of ABK. It's way down right now.
I did not use a joining period because I wanted to allow people who made a big mistake and wiped their porfolio to reset and start again. Everyone can tell who restarted and by looking at transaction history, you can see who started lated.
I understand how it can be viewed as unfair to anyone who started early and are taking losses such as right now. I think the overall purpose of the game, to have fun and learn, is better served by allowing people to join at any time and to reset if they get wiped out. The bragging rights are still there because everyone can see each other's porfolio and can tell who joined when and who reset.
I did not use a joining period because I wanted to allow people who made a big mistake and wiped their porfolio to reset and start again. Everyone can tell who restarted and by looking at transaction history, you can see who started lated.
I understand how it can be viewed as unfair to anyone who started early and are taking losses such as right now. I think the overall purpose of the game, to have fun and learn, is better served by allowing people to join at any time and to reset if they get wiped out. The bragging rights are still there because everyone can see each other's porfolio and can tell who joined when and who reset.
No big thing--it's just play money anyway. Some probably think it's unfair because I am retired and have more time while the market is open to devote to it (tho I really don't--I was gone most of today mowing pastures)
BTW---You have "allow user to reset portfolio" --disabled.
No big thing--it's just play money anyway. Some probably think it's unfair because I am retired and have more time while the market is open to devote to it (tho I really don't--I was gone most of today mowing pastures)
BTW---You have "allow user to reset portfolio" --disabled.
That is so that if anyone wants to start over, they have to do it with a new account. It makes it easier to see who reset.
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05:06 PM
87antuzzi Member
Posts: 11151 From: Surrounded by corn. Registered: Feb 2009
I doubt that. To successfully do what I am trying to do, I would have to sit and watch the market all day---I don't have the time for that..
I do . what? no i did not just buy 6000 shares and am going to sell it off tomorrow. sheese what do you think im doing. (i have no clue what the hell im doing )
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07:13 PM
84fiero123 Member
Posts: 29950 From: farmington, maine usa Registered: Oct 2004
Originally posted by maryjane: I doubt that. To successfully do what I am trying to do, I would have to sit and watch the market all day---I don't have the time for that..
At your age Don you don’t have much time for anything. Steve
------------------ Technology is great when it works, and one big pain in the ass when it doesn't. Detroit iron rules all the rest are just toys.
Making a gain is easy--keeping that gain----------is a whole different can of worms.
(cropped versions)
mine today--this stock traded a full 10 cents above my purchase price ----------after hrs--now @ 9 cents above, but where will it be 20 minutes after opening bell?????????
[This message has been edited by maryjane (edited 08-17-2010).]
No, that position doesn't mean anything till the end of the game. My point was, that if you don't get your sell or stop order in on time, (I did not today) daily gains mean nothing. We are seeing a little rally based on a bit of good news out of retail, but in the next day or 2, investors will start taking profits from their investments by selling the highs. Once that happens, the stock price/share will drop again. If I don't sell at the right time, I gained nothing as the stock price will drop back to or below my purchase price. This is how a bear market presents itself--rallys and selloffs. Growrth stocks which trend long on an upward curve, are generally too high priced/share to be useful in the game without going margin and hanging on to for a long time. Google--BerkshireHathaway-Exxon-GE-J&J etc will almost always grow in value over time, but generally just a few 10ths % per day or even a week. A wildcard, as we saw last week, is if something happens to the whole market and EVERTHING drops like a rock. It takes a lot longer for a high value equity to regain it's footing than a low value stock. If the game lasted 3 years, and paid dividends, I would play a completely different way, and even now, could easily loose my shirt.
As I said--you have to be able to hold on to a gain in order for it to count. Since I didn't get my sell order in early enough yesterday before close, I had to rely on a stop order, but as I feared, before-the-bell trading showed it would open far below my stop due to profit taking this morning, so I cancelled it at 8:48 this morning--otherwise, because of the 20 minute delay, the $1.62 stop order would have sold it for the same thing I paid for it, or below that price------------no sense doing that. We'll see how the rest of the day goes, but I have to be away for most of it. To be successful day trading, you have to stay on top of things EVERY day--and I just can't do that.
[This message has been edited by maryjane (edited 08-18-2010).]
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10:07 AM
Rallaster Member
Posts: 9105 From: Indy southside, IN Registered: Jul 2009
Bear markets always are. But that road has landmines as well--dips aren't any more predictable than rallies.
Tell me about it. I shorted 2 energy companies I have been losing money on the long positions since about a week into the game and they have been in a rally for the last 3 days... :/
Yep, But I don't have time to deal with it unless the weather turns bad , so ya get a free ride. It doesn't help that my pick is an Israeli tied firm and they've been a bit jittery lately because of the Iran thing.
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10:53 AM
Aug 30th, 2010
DL10 Member
Posts: 2350 From: Bloomington IL Registered: Jun 2000
I'm still having trouble buying the stock I had bought before. It's LIHR Would someone else try buying a few shares to see if you can. When you click on the symbol LIHR it still shows last Fridays closing price and I have had a buy order 2 days in a row and it just ignores it and cancels it after the market closes. I was able to buy a different stock so I'm not sure whats up with LIHR
DL10--it's not loading the new data for you. I have had some problems with that in the past, and I believe it to be from the website using old temp internet files and old cookies when you load the website. Log completely off MW, then log back on. When you place an order you really want, use "good till cancel" option.
If you are also a registered member of MarketWatch itself (not just the VSE part) it can also cause a few problems if your username and account info is the same as you use in the VSE game.
Definitely something wrong with MW's quote page for LIHR tho. MW still shows last week's after hrs quote no matter where you access it from.
Hmm--maybe there's some sort of "Gold Holiday"? Yahoo finance shows the same thing. Last market activity for LIHR, according to them was 27 Aug.
[This message has been edited by maryjane (edited 08-31-2010).]
(I'll be so glad when pg 3 starts and I don't have to scroll back and forth simply because Antuzzi hasn't figured out how to resize his posted images,)
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03:14 PM
DL10 Member
Posts: 2350 From: Bloomington IL Registered: Jun 2000
Thanks for trying...It's not all gold stocks as I did buy 10 shares of EGO today..... I have logged off all the way off and even rebooted it still won't load a new quote. I have had a buy order in since before the market opened and it's still pending.... I guess I will just buy a different stock.
Yeah, it still hasn't posted my order for LIHR. (and no gold didn't take a holiday, have you seen my 2nd account? Its only gold stocks and its in 2nd!)
.JPG)
