Author Topic: 3rd Annual Aces High Stock Market Game!  (Read 3868 times)

Offline rpm

  • Plutonium Member
  • *******
  • Posts: 15661
Re: 3rd Annual Aces High Stock Market Game!
« Reply #75 on: July 07, 2008, 08:16:39 PM »
Man VLO was killin me. I finally dumped it after I lost $3 a share. Anybody seen a window I can jump out of?
My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives.
Stay thirsty my friends.

Offline ROX

  • Gold Member
  • *****
  • Posts: 2209
Re: 3rd Annual Aces High Stock Market Game!
« Reply #76 on: July 07, 2008, 08:21:14 PM »
See...you are talking like 20 minutes. I can understand 20 minutes, the site says that's about right. Sounds fair.

I put in a sell order for APPX and it took almost 2 hours to execute--in the mean time I lost an additional $86 bucks.


BTW:  lasersailor, you are one cool dude in my book  :aok  

This idea is fantastic.  I looked in last year and passed on it.  This year I am doing 2-3 hours a day on research and the MarketWatch site is AWESOME!  Yes, I am -$2000 so far, but I have learned an immense amount about this.  I'm going to practice on VSM for about a year, and then go live.  I already set up a Scottrade.com account.

Anyone interrested in a long term VSM "game" let me know, and we can get one set up after the Aces High game ends.

Lasersailor--great job being the overseer!  :salute



ROX


Offline ROX

  • Gold Member
  • *****
  • Posts: 2209
Re: 3rd Annual Aces High Stock Market Game!
« Reply #77 on: July 07, 2008, 08:30:48 PM »
It's odd..

energy stocks =  bad
tech stocks = bad
investment houses = bad


I went back to old BIG BLUE (IBM) and it saved my backside today, offsetting a big chunk of my tech losses.

I'm dumping most of my IBM at the opening bell tomorrow and going back with pharmaceuticals & communications.

I think this really helps to learn this in a bad bear market!  It shold make doing it in a bear market that much easier.

Some guys who went long with energy/oil are now getting their nads racked.

And for those horrified at the number of trades I make...don't freak. I do quite a few day-only orders. If they are in the tank before noon, I dump 'em and cut my losses.  If they pop bigtime before noon, I sell and pocket the cash. 

Considering some folks have lost $12,000 so far--I don't feel so bad about my $2,000+ loss.

BTW:  Good Luck to all in the VSM game.



ROX

Offline rpm

  • Plutonium Member
  • *******
  • Posts: 15661
Re: 3rd Annual Aces High Stock Market Game!
« Reply #78 on: July 07, 2008, 08:48:18 PM »
BTW:  lasersailor, you are one cool dude in my book  :aok  

This idea is fantastic.  I looked in last year and passed on it.  This year I am doing 2-3 hours a day on research and the MarketWatch site is AWESOME!  Yes, I am -$2000 so far, but I have learned an immense amount about this.  I'm going to practice on VSM for about a year, and then go live.  I already set up a Scottrade.com account.

ROX


Wait till you get hooked on CNBC. They have some hot financial babes. :cool:
My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives.
Stay thirsty my friends.

Offline crockett

  • Gold Member
  • *****
  • Posts: 3420
Re: 3rd Annual Aces High Stock Market Game!
« Reply #79 on: July 08, 2008, 06:44:29 AM »
See...you are talking like 20 minutes. I can understand 20 minutes, the site says that's about right. Sounds fair.

I put in a sell order for APPX and it took almost 2 hours to execute--in the mean time I lost an additional $86 bucks.


ROX

Well did the stock hold at the price you tried to sell it at, did it go back down or higher? I never played any day trades on the big market because I never had the investment money for that kind of trading. I did do it with penny stocks, and I can tell you orders don't get filled or sold right away unless there is a lot of volume.

For every seller there has to be a buyer, just because you decide to sell doesn't mean there will be a buyer at that price and even if there is you have to wait in line for your turn. That's why I was saying the only way to make this realistic is if the stock price had to move 1 point above your selling price and have enough volume. In theory if the price moves over your stop limit your stock should sell. On the flip side if it tops out at the same price you have your stop limit set at then it's no guarantee the stock will sell. It works the same way on the buy side.

The 20 min delay for free charts is due to some rule from the NYSE, I build websites and back when I was doing active trading I was going to build a stock news site. I checked into a few of the chart providers to get a pricing on news update and chart feeds and they were all delayed by 15 mins because of the rule. Only way you could get live feeds was if you paid a subscription (I think $5 of it went directly to the NYSE).


Also good job on finding this game lasersailor it's funny because I hadn't logged into my real account in a very long time,  now I already have the bug going again after one day..  :uhoh

I lost a bunch with penny's and just tossed all my money in oil in 06 and didn't even touch my account after that.. hehe but hey that worked out well, just wish I would have had more in there.  :lol
« Last Edit: July 08, 2008, 06:49:43 AM by crockett »
"strafing"

Offline midnight Target

  • Plutonium Member
  • *******
  • Posts: 15114
Re: 3rd Annual Aces High Stock Market Game!
« Reply #80 on: July 08, 2008, 10:52:05 AM »
Badda freakin bing....

Offline lasersailor184

  • Plutonium Member
  • *******
  • Posts: 8938
Re: 3rd Annual Aces High Stock Market Game!
« Reply #81 on: July 08, 2008, 11:52:39 AM »
Badda freakin bing....

 :rofl  All of Mt's stocks are up.


I ain't going to even say what I'm doing, I'll probably jinx it.
Punishr - N.D.M. Back in the air.
8.) Lasersailor 73 "Will lead the impending revolution from his keyboard"

Offline rpm

  • Plutonium Member
  • *******
  • Posts: 15661
Re: 3rd Annual Aces High Stock Market Game!
« Reply #82 on: July 08, 2008, 11:59:23 AM »
Oil continues to slide.  :cool:
My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives.
Stay thirsty my friends.

Offline crockett

  • Gold Member
  • *****
  • Posts: 3420
Re: 3rd Annual Aces High Stock Market Game!
« Reply #83 on: July 08, 2008, 12:05:30 PM »
:rofl  All of Mt's stocks are up.


I ain't going to even say what I'm doing, I'll probably jinx it.

I got screwed over today with this buying lag BS.. I wanted to play Nvidia like I did yesterday and do a quick flip. So I put an order in but it wasn't filling so I cancled it and did another order.. Same thing happened again, so I did another order.

Then WTF happens? The dumb aruse game fills all 3 orders even though I cancelled the first 2. Then of course as luck would have it, some wall street tard writes a bad article about them leaving me high and dry for today...   :furious
"strafing"

Offline lasersailor184

  • Plutonium Member
  • *******
  • Posts: 8938
Re: 3rd Annual Aces High Stock Market Game!
« Reply #84 on: July 08, 2008, 01:25:45 PM »
Jesus christ!  I thought I had cancelled 2 seperate orders for 400,000 of the same penny stock, but BOTH WENT THROUGH.  I'm currently up a lot, but I need to get the diddly out.
Punishr - N.D.M. Back in the air.
8.) Lasersailor 73 "Will lead the impending revolution from his keyboard"

Offline Donzo

  • Gold Member
  • *****
  • Posts: 2355
      • http://www.bops.us
Re: 3rd Annual Aces High Stock Market Game!
« Reply #85 on: July 08, 2008, 01:44:00 PM »
So there's no minimum trade price?  You changed it?

Offline lasersailor184

  • Plutonium Member
  • *******
  • Posts: 8938
Re: 3rd Annual Aces High Stock Market Game!
« Reply #86 on: July 08, 2008, 01:45:13 PM »
Yup.  No minimum.




Naturally, Lady luck holds my hands through things that don't reall count.  I just accidentally bought 400,000 Shares of a $0.25 stock, and almost immediately sold it for $0.30.
« Last Edit: July 08, 2008, 01:47:23 PM by lasersailor184 »
Punishr - N.D.M. Back in the air.
8.) Lasersailor 73 "Will lead the impending revolution from his keyboard"

Offline crockett

  • Gold Member
  • *****
  • Posts: 3420
Re: 3rd Annual Aces High Stock Market Game!
« Reply #87 on: July 08, 2008, 02:31:13 PM »
Yup.  No minimum.




Naturally, Lady luck holds my hands through things that don't reall count.  I just accidentally bought 400,000 Shares of a $0.25 stock, and almost immediately sold it for $0.30.

Yea I had it happen again to me with one of my stocks it bought double.. There must be some glich or something.
"strafing"

Offline xNOVAx

  • Silver Member
  • ****
  • Posts: 811
Re: 3rd Annual Aces High Stock Market Game!
« Reply #88 on: July 08, 2008, 03:40:59 PM »
15th to 3rd in one day.. That aint bad folks..  :aok

Woot!


NOVA - Army of Muppets - Inactive

"When once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been, and there you will always long to return." -Leonardo da Vinci

Offline lasersailor184

  • Plutonium Member
  • *******
  • Posts: 8938
Re: 3rd Annual Aces High Stock Market Game!
« Reply #89 on: July 08, 2008, 04:13:13 PM »
Yea I had it happen again to me with one of my stocks it bought double.. There must be some glich or something.

I didn't actually buy double.  I put in an order for 300,000 at a seemingly high limit.  I cancelled the order and put in one for 100,000 at a touch lower limit.

The first order apparently wasn't canceled quickly enough.
Punishr - N.D.M. Back in the air.
8.) Lasersailor 73 "Will lead the impending revolution from his keyboard"