3rd Annual Aces High Stock Market Game!

[Donzo]

Major sucking sound radiating from today's market. 

[crockett]

Major sucking sound radiating from today's market. 

Man FNM was the play of the day... I saw it this moring down at the high $6 mark. I came so close to buying it IRL but I wasn't sure what was up so I watched now it's back up around $10.

As for this game I'm riding the sinking ship that is called bahoooooooooooooooooo.

[Waffle]

I forgot how bad the "trading / canceling " is in this game...... 

[lasersailor184]

Donzo's making a killing on his $0.0025 priced stock.

[Waffle]

I was riding the hope that freddiemac would kick up this am/afternoon after a low under 5.... bought it $4.9x - placed a sell at 5.30, cancelled that right after i placed it...now it's sitting at $6.00 +....      would've made over $40k....

[midnight Target]

I haven't done anything right since day 2.

[Donzo]

I haven't done anything right since day 2.

.

[AKIron]

I put all mine into XOM on day 1 and haven't touched it since. Have lost almost 7K and not really feeling sympathetic for oil companies, foreign or domestic.

[Donzo]

Donzo's making a killing on his $0.0025 priced stock.

 

[crockett]

Was almost down and out when I decided to take the loss and sell yhoo at a $15k loss. Luckly another risky move put me back in the green with a $19k gain from FRE.   

I was so tempted to toss in the full 200k too but I only bought $100k worth. oh well 

[crockett]

well hells bells.. I did another quick buy and sell of MSFT and made $1k but now all my normal stocks are up today. Can't find anything to buy that's not at it's daily high. 

[Donzo]

well hells bells.. I did another quick buy and sell of MSFT and made $1k but now all my normal stocks are up today. Can't find anything to buy that's not at it's daily high. 

If that's the case why not go short some of those that are at their high?

[crockett]

If that's the case why not go short some of those that are at their high?

Well, I've given myself some personal trading rules that I'm following in this. I'm sticking to well known stocks and seeing what I can make just by doing day to day trading with small gains. So I don't want to do any short selling and only play with stocks in the $5 and up range. It was going ok until I got stuck in yhoo and it took two hard hits with bad news losing $3.

I was actually thinking of trying a side game based off this idea, of starting with $3k and using the 3% gains with 200 trades to $1 million.

[lasersailor184]

Sounds easy until you realize that 3% gain is quite a bit of gain.  Besides my accidental huge gain, I haven't been able to make more than 1% a day.

In 200 days (40 weeks) that means you'll have to be on top of every stock you buy, paying close attention to it.  I think if you spread the goal out over a year it might be doable.  Because if you force yourself to buy and sell every singe day you will pressure yourself into making a bad decision.

Then the tough question comes.  Do you bail?  Do you hang?

Even if it rises, when do you sell?  Do you hang onto it til it does make 3%?

[crockett]

Sounds easy until you realize that 3% gain is quite a bit of gain.  Besides my accidental huge gain, I haven't been able to make more than 1% a day.

In 200 days (40 weeks) that means you'll have to be on top of every stock you buy, paying close attention to it.  I think if you spread the goal out over a year it might be doable.  Because if you force yourself to buy and sell every singe day you will pressure yourself into making a bad decision.

Then the tough question comes.  Do you bail?  Do you hang?

Even if it rises, when do you sell?  Do you hang onto it til it does make 3%?

Well it was suggested on another forum to take your time with this method and do maybe 40 to 50 trades a year over 4 years. This way you can take your time and find a good picks so you are doing about 1 trade a week. I think if you take your time it's possible. I just see issues once you start getting into the big money. I wonder how on earth could you actually buy and sell that much stock with out affecting the price of it.