CAG Fantasy Stock Game

Ya, I'm getting out of Ford now that it's recovered most of it's early loss. I'm going to have to eat a loss on that one, did not expect the bailout to fail.
 
accidently shorted Ford at the open. That's rough. Still on the positive side though.
 
Haha now how did I get to first place all of a sudden. lol

I don't know if it's diversification that's hurting you. You guys just need to be more willing to sell stocks short right now. I've got 50% of my portfolio shorting GM. I'm gonna ride it all the way down to bankruptcy. I wish Chrysler was a publicly traded company so I could short them too.
 
lol , thats the American spirit. Drive down a company 'till it goes completely hopeless and feed off its demise. Oh, I'm rank 7 movin' on up.
 
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Curse you Dr Mario Kart :shakes fist: . You're always one step ahead. This will be the last time you foil my plans.

I didn't think I would have the time to participate but I did after all. This is fun and I can test some theories I have. In case anyone wants to know what I'm doing, I believe GE will be worth $17.50 at close of Friday and Lilly will be worth $35. Anyone wondering wtf I'm thinking can read this. This has a high probability of sucess for Lilly which has been trending sideways for months now. GE might be to much of a bellwether of the economy for this to work so we'll see. I went ahead and put in a sell order for it though since it closed at 17.92 today (42 cents above my target price).

I shorted Accenture because someone bought 10,000 front month out of the money put spreads a few days ago at a cost of $600,000. Either they are idiots or they know something. Then again it might be some hedge fund locking in a nice pretty profit on a stock position for their year-end report. Either way I don't plan on holding this for long.

I was going to hold my short GM positions until they went bankrupt but I did buy back half to take the profit. I stole that idea from one of BillyBob's posts hehe. BillyBob I'm afraid I may be turning into a technical trader. To bad Investopedia doesn't have trailing stops. I still think GM will go bankrupt eventually so I'll hold on to the rest of these shorts.

BTW I don't recommend anyone doing any of these strategies IRL. They are all to much risk for to little reward.
 
shit, my sell order didn't go through today (set it up yesterday to sell as the market opened) as the stock plunged 14%

Nice to see the franc shoot up though
 
I really wish this game didn't have rules that prevent active trading. I was in and out of JOYG 3 times yesterday for a total gain of 9.5% in my actual trading account.

So far today I'm short SSO from 26.85, short AVB from 66.80, short SPG from 56.12 and short DVN from 67.28.
 
I'm only down .03% on the day, but I made an awful buy at the open. The stock (WYNN) has been soaring, and of course a huge alert came out on it at 9:40 sending it tanking.
 
Covered AVB at 62.10 and SPG at 53.54.

Took half off SSO at 26.53, stop at breakeven on the other half. DVN stop at 66.40.

Added new short of ENER at 25.49, current stop at breakeven, looking to take half at $25.

If I get stopped out of SSO, I will then be looking for a signal signal at 27.04, I am also watching GS, RIMM for long signals.
 
Marking trying to go long, covered everything....SSO at breakeven, ENER at 25.25, DVN at 66.08.

I'm not sure we will make it long but I am now long a little RIMM from 39.22 and GS at $79 with their respective LOD's as initial stops.

Edit, RIMM stop moved to entry, looking to take half at 40.25, area of downtrending resistsance trend channel on 15 min chart.

Edit, RIMM hit target 1, took half, moved stop to entry on the other half.

SSO is nearing a long trigger but I'm not taking it yet. I want to see it break HOD and then pullback and re-test support at the uptrending trend channel on the 3min chart, currently at 26.74. Until it breaks HOD and then pulls back, SSO is a no go for me given the weak volume we are seeing today.

Edit....SSO just broke HOD and pulled back. If the pullback holds then I will go long but the charts look like they want to roll over. Just re-entered AVB short at $65.10, stop at 65.61. I missed new short signals on both BXP and SPG. GS short term trend channel is flat right now, could go either way. I may dump it at breakeven or just below if the SSO fails to hold short term trend channel.
 
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Dumped GS with 1% gain, moved stop on remaining RIMM position up to 39.65. Covered half of AVB short and moved stop on other half to 64.90.
 
[quote name='Dr Mario Kart']I cant find the option to cancel a pending trade that I made by mistake. I know its there somewhere, I found it once.[/QUOTE]

If you find that, post it here. I've been on here for the past 2 and a half years and never saw anything like that on here
 
I believe you can only cancel an order that's made for "market open" Like if you made an order now you could cancel it until 9:30. Not during the trading day. It's under "trades" then "open trades"
 
Oops I forgot about this. Looks like I dropped to rank 24 while I wasn't looking. Curses DrMarioKart is still one step ahead of me. So who is gregthomas77 (1st)?
 
[quote name='cletus']Oops I forgot about this. Looks like I dropped to rank 24 while I wasn't looking. Curses DrMarioKart is still one step ahead of me. So who is gregthomas77 (1st)?[/QUOTE]

I am.
 
It seems to me that some people are treating this as a day trading exercise while others are looking for a long term investment strategy. I will bet the double digit returns will not hold up for long. It is really easy to make money when the markets take a huge hit (not seen since maybe the late eighties) but can you use that as a long term strategy. Let's see what happens after a year not a few weeks. . .
 
This simulator is actually designed to discourage daytrading. You have to wait 20 minutes after opening a position to close it, there's no trailing stops, and in general it is a pretty basic design. I imagine it is meant to be used as a teaching tool to get people's feet wet. It is a lot easier to learn about limit orders vs market orders and the bid/ask spread when you can get in there and start trading for yourself.

BTW I hope everyone sold their Sirius shares last week for $.16. It'll probably never be that high again.
 
[quote name='gweenpea']It seems to me that some people are treating this as a day trading exercise while others are looking for a long term investment strategy. I will bet the double digit returns will not hold up for long. It is really easy to make money when the markets take a huge hit (not seen since maybe the late eighties) but can you use that as a long term strategy. Let's see what happens after a year not a few weeks. . .[/QUOTE]

It is impossible to day trade with that simulator. There is no way I could get that simulator to accuratetly track my real world trades. I am often in and out of a position within 2-3 minutes with quick 1-3% gains and it isn't possible to do that with this simulator. Already this morning I've had QLD, SSO, JPM, MOS and AKAM as trades that I entered and exited with solid gains in just a few minutes.

This simulator is geared toward mid and long term investors.
 
So when is a twenty minute investment a mid term investment? Maybe day trading has a different definition in the real world, but if you are trading stocks daily/weekly there is a huge difference in investing mid or long term. I doubt that any of the top rankers even know what stock they are buying.

Also, I see most of the top ranking investors holding onto a lot of cash at all times. I think such accounts are usually called savings accounts and have little to do with stock trading. I really don't see how this strategy is a mid or long term investment strategy. So lay off the BS about this simulation not allowing day trading. . .

Right now
Kilraven $42,000 in cash
gregthomas $95,000 in cash
prmononoke $50,000 in cash
carpwrist $82,000 in cash
. . .
 
[quote name='gweenpea']So when is a twenty minute investment a mid term investment?[/QUOTE]

I didn't say 20 minutes was a mid term investment, I said this simulator is geared toward mid and long terms. It certainly is not geared toward day trading in anyway and if you look at the results of the people that are using this simulator you will see that they are not trying to daytrade with it. This simulator doesn't have the tools or options to accurately track an active daytrader.
 
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