3rd Annual Aces High Stock Market Game!

[Waffle]

todays gonna hurt.......

shorted AMR.... and it's going up....

[crockett]

todays gonna hurt.......

shorted AMR.... and it's going up....

Yea I'm gonna have to say this game isn't very accurate at least not on fast moving stocks. I did two buys today on FRE because I saw it running.

I did a buy in real life with my real account and one in this game, granted I didn't buy as much IRL but still the prices were there to buy it.

IRL I put in a buy at market value because it was moving so fast. Got in @ 7.94 and was able to sell @ 9.10

In the game I put in a buy at the same time in the same method yet it filled @ 9.27 and I wasn't able to sell, because by the time it filled the stock was on the way back down. So now I'm screwed unless it goes on another good run in the next day or so..

[rpm]

Call me Capt. Comeback! I love WaMu!!!

[AKIron]

Crude's down $15 in the last few days and my stock in XOM is down $15K, woot!

[xNOVAx]

Call me Capt. Comeback! I love WaMu!!!

You and me both! Woot!  WaMu 's

[bongaroo]

I did a game like this in middle school.  We put all our money in beer and playboy and won!  oh man good times.

[Reschke]

Boy I am sucking wind worse than last time in this one.

[Rondar]

I got a noobie question here.  I'm not stock market savvy.  Soooooo, how do you guys go about "picking" a stock?  Eenie meanie miney moe?  And second, I hope maybe there can be a winter contest as summer I am just too busy and cant watch anything as I farm for a living.  And can a guy go to the contest here and see what you guys have chosen or is that private?

[rpm]

Everyone's trades are public. You can see who picked what. Trying to cherrypick someone else's stock usually doesn't work. By the time you see it making money you've missed the boat.

As for how you pick a stock, research. I found WaMu by looking at the closing report and the forcasted news for the next day. WaMu was set to announce they had a big wad of cash they could dump if needed. In an uncertain financial market, that's good news. Good news = rising stock.

Also, if you have cable, watch CNBC, Bloomberg or one of the other financial networks. They run 24/7 so you can tune in when you can and get the news.

[Donzo]

Is anyone else experiencing problems with the site this morning? 

I can't get in!

[crockett]

Is anyone else experiencing problems with the site this morning? 

I can't get in!

Yea I can't get in either and this morning could have saved me from that bad FRE buy I had yesterday.  I had it set to sell at a slight profit and the stock hit 9.49 this morning. I had bought more yesterday and had my price averaged down to $8.9. That was probably a $10k tp $15k gain that I missed because of it being down. 


edit.. it's back up and of course my GTG sell order didn't go because the game was down.

[crockett]

Just got out of FRe with 21k shares @ 9.87  for somewhere around a $20k gain. If only it was real money.

[lasersailor184]

I got a noobie question here.  I'm not stock market savvy.  Soooooo, how do you guys go about "picking" a stock?  Eenie meanie miney moe?  And second, I hope maybe there can be a winter contest as summer I am just too busy and cant watch anything as I farm for a living.  And can a guy go to the contest here and see what you guys have chosen or is that private?

If you click on the stock's ticker name (like Comcast is CMCSA), you can see the information about it like daily high, daily low, start.  You can also see the charts for 1 day, 5 days, 1 month...


I usually pick the same stocks to sell over and over based on where they are.  After having watched it I can reasonably guess how low Comcast will go, and then rise to how much.

Using limit orders I can maximize profits from this.

[crockett]

Pretty crazy day today, with 3 trades I managed to make a tad over $30k from one stock and a 46% gain for the day. Makes you wonder how much some of these real day traders are making on a monthly and yearly basis. Just seems there are insane amounts of money to be made if you have the investment capital.

[xNOVAx]

Pretty crazy day today, with 3 trades I managed to make a tad over $30k from one stock and a 46% gain for the day. Makes you wonder how much some of these real day traders are making on a monthly and yearly basis. Just seems there are insane amounts of money to be made if you have the investment capital.

Seems there is insane amounts of money? There IS insane amounts of money to be made.. Money makes money, but the more you have the more you make..

1% of $10K is $100
1% of $1M is $10K

Just imagine your 40% one day gain on $10 million dollars.. 

To some in this world, thats just pennies.. To people like us, its more money then we can fathom..