Author Topic: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game  (Read 1526 times)

Offline Donzo

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #15 on: September 08, 2008, 10:42:13 AM »
Ok, not sure how to word this and make sense :o    If I want to buy a stock and say today it is at 10 dollars and I think the market will drop tomorrow to say 8 dollars, how do I enter that? 


That is a "Good till cancelled" term order with a "Limit" pricing type. 
The "Good till cancelled" causes the order to remain in effect untill you cancel it or it is complete.  A Day order is only good for the day it was placed.
The limit causes the order to only be executed when the prices gets to the limit you entered.

In your example you would place a "Good till cancelled" order with a limit of $8.00.  If the prices falls from $10.00 to $8.00 the order will be executed no matter how many days it takes to get down to $8.00.

Offline stroker71

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #16 on: September 18, 2008, 02:59:34 PM »
stage1 is cheating!!!  I understand that the market goes up and down but without new news on the company your interested in how do you know when to buy/sell.  Or is stocks a best guess thing.  I am trading in companies I know...have no idea how to research for up and coming stocks.
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Offline Donzo

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #17 on: September 18, 2008, 03:54:39 PM »
stage1 is cheating!!!  I understand that the market goes up and down but without new news on the company your interested in how do you know when to buy/sell.  Or is stocks a best guess thing.  I am trading in companies I know...have no idea how to research for up and coming stocks.

 :huh

Offline Rondar

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #18 on: September 19, 2008, 05:16:38 PM »
My magnificent strategy, since I dont know what I'm doing :O was to look up yahoo finance and click on the biggest percent winners and loosers at the time.  I looked at the loosers and kind of picked amongst those I felt  :pray" comfortable"  :pray with.  So in a nutshell my portfolio is comprised of loosing stock at the time of purchase. 
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Offline ROX

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #19 on: September 20, 2008, 02:29:56 PM »
It's a real rollercoaster.

Waffle lost $6000,000.00 but is making a slow comeback.

Stage comes in and makes $100,000.00 off the same stock Waffle took it in the shorts on...go figure.


BTW:  The folks who signed up 3 weeks ago and havent made a trade yet...we'll give you another calendar week to start trading before you get deleted.  You won't be allowed to win by not playing.


Good Luck!




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Offline Donzo

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #20 on: September 20, 2008, 02:33:39 PM »
BTW:  The folks who signed up 3 weeks ago and havent made a trade yet...we'll give you another calendar week to start trading before you get deleted.  You won't be allowed to win by not playing.

 :) $500,000 ain't winning this one :D

Offline stroker71

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #21 on: September 20, 2008, 03:46:22 PM »
I had the day off work so I did some in and out trades.  Thursday and Friday wee hard days to loose money whatever ya did.  I know someone who has a large amount of money invested in one company and he told me he can manipulate the stock prices by buying and selling this one company.  Is that true...can that be done.  He said with his buying power if he moves the stock prices 6-10 cents it is worth it to him. 
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Offline ROX

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #22 on: September 29, 2008, 02:41:23 PM »
Folks who signed up for the Long Term game, but have never made a trade--your week (plus a couple of days) is up.

Those four folks who have never made a trade are going-----going----gone.

THIS is without a doubt the most INSANE time to be playing this game.

The stock market is going into a gigantic HOLE for financials...everyone else is selling, selling, selling cheap.

NOW is a great time to buy low to sell high later.

Just be EXTREMELY careful of what you buy!


Good luck!



ROX

Offline RightF00T

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #23 on: September 29, 2008, 03:57:33 PM »
I'm in..looks fun

Offline Rondar

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #24 on: September 29, 2008, 04:25:34 PM »
After watching things a few weeks and so forth, and having always heard not to have all your eggs in one basket, it looks to be true.


 :O  LOL Waffle gonna have to file virtual bankruptcy before long :O    Course we may all be there in another week too.
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Offline mensa180

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #25 on: September 29, 2008, 04:26:09 PM »
Buy low while you can during a bear market, not a depression.  I'm just afraid of which we're in.
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Offline Curlew

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #26 on: September 29, 2008, 04:57:20 PM »
Hahahahahahahahaha I joined and im already in 3rd place, mainly cause I joined after the crash, sorry boys,

Id also like to give a nice shout out to waffle....in last place...with only $41k... :salute
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Offline stroker71

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #27 on: September 29, 2008, 05:53:03 PM »
Was this black monday?  OUCH...feel like I was vulched by the NSE!
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Offline Waffle

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #28 on: September 30, 2008, 09:32:21 AM »
hehe :) I just looked at the stats - that was supposed to be a short sell on my last buy.  Oh well - guess I have to wait it out and hope christmas is good for siri...lmao!

Offline ROX

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Re: Some BONEHEAD Deleted the Aces High Long Term Stock Market Game
« Reply #29 on: September 30, 2008, 11:16:10 AM »
hehe :) I just looked at the stats - that was supposed to be a short sell on my last buy.  Oh well - guess I have to wait it out and hope christmas is good for siri...lmao!


Well...it's almost as real as you can get after the market put a moritorium on selling short.

Don't forget Waffle also had about $125,000 in his account when I accidently deleted the first part of the game...so add that on to his total.

It's wierd, Waffle was up almost 1/2 Million bucks but had all his eggs in one basket with Sirius.  Stage1 made quite a bit too.  Both rode that big pig almost into a 1/2 Million dollar loss. 

I'm waiting for the market to bottom out (should be Friday) then I'll go hunting for deals.

If you use marketwatch.com it's easy to put up about 40 different stocks--diversify--put up some financials, some pharmicuticals, some energy, some tech, and some consumer stocks...put up 8 to 10 of each kind and have some high-end and some low end.  After you do that, shortly after the markets open every morning (give 'em about an hour or so) and you have a decent barometer of what the market's feel is that day.

Sometimes the Fed will make an announcement that changes the direction that day, or if yet another bank fails...you will see which way it's going.

We have 3 full months to go Mr. Waffle.  You just might win yet.  I'm not sure if not diversifying might be really hurting you.

I took it in the shorts early in the game with Fannie & Freddie.  I also did some Lehman Brothers back then--but cut my losses with a stop-loss of a few grand.  Lehmann was $55 a share back then...it's .21 cents a share now and bankrupt.

Pharmicuticals are doing better, and some of the stronger banks are doing better.

It's still a mess in the mortgage market.

This might be a fun "game" right now, but the reality is we're staring into the eyes of a depression--I hope the depression blinks first.




ROX