F13 Investment Challenge

[UD_Delt]

Apparently stop orders don't work on sells? I tried to sell one with a higher stop but it sold it at current market price. Sigh.

See page #2 of this thread.

I already learned that lesson.

[Viin]

Yah I missed that. Apparently 'limit' orders work like stop orders on sells - I'll limit at 5.50 and it'll sell at 5.59 by the time it executes.

[Viin]

Oh. Here's my for real stock market game:

..

That's a 4.87% gain so far. My next gain on January 2008 will be much better probably because my company's stock didn't do so well last quarter and I swooped in and bought it up.

Edit: Oh yeah. I'll have a 100% + X gain because they are matching a full $750.00. Hell yeah! :D

Gotta start somewhere .. my 401k is doing lousy this year with the stocks being down, at 4.1% right now but am usually in the 8% area for the year by December. We'll see how it turns out. My company matches %1 per %2 I put in, so if I do 6% they'll do 3% (their max) for a total of 9% a pay check.

So I guess 9% + 4.1% isn't so bad, though really I guess that's 3% + 4.1% in free money. 

[Ookii]

Eh, I guess in hindsight maybe staying with Investopedia was the way to go.

[lamaros]

USBE has jumped from $7 to $8, seems my friend was on to something.

Good day today, the stocks are finally correcting themselves.

[Grand Design]

"Plexiglass."

"Had it installed Last week."

[stray]

Damn Miguel.. 20% ? ? ? ? ! ! !


I pulled out of Deere way too early.  They jumped another 10 points today.

[Miguel]

One thing that has helped out a lot: forget market sell orders.  Do all exchanges with limit orders.  There seems to be a big discrepancy between the bid and ask prices in VSE compared to Etrade and the others.  The price you see is rarely what you will get.  Instead, check the price on a realtime stock ticker (like finance.yahoo.com) and base your limits on that. 

Example: you see Amazon at $10 in Etrade.  The ask price is $10.10.  Put in your buy order in VSE for market price.  Say you get it for $10.12.  Then, if you are betting long, put in a limit sell at $10.15.  so long as the stock hits $10.15 the limit will go through despite the 20 minute lag that you would have never seen inside of VSE's screens.

It seems to be the only way to make sure you buy and sell close to the price you wanted, not what the tool thinks the price is when the order goes through.  Remember no real shares are being exchanged, the VSE tool simply waits 20 minutes and then gives you whatever the bid/ask is at that time, however with limit orders you will always get AT LEAST what you wanted.

[lamaros]

Place An Order

There were errors in your request:

    * Current value of DKSC is 0.34 which is lower than game minimum trade price of 2.00.

:( :(

I think I'll just sit on my current stocks. CBF with this annoying system.

[Viin]

I think I can adjust that .. letsee...

Edit: Adjusted to $0.00, try now. Not that penny stocks are much fun! Cheater!

[lamaros]

I think I can adjust that .. letsee...

Edit: Adjusted to $0.00, try now. Not that penny stocks are much fun! Cheater!

Nah still doesn't work.

[Viin]

Worked just fine for me, I bought 100 shares of DKSC.

[lamaros]

USBE hits $9 and now I'm winning! Woo.

If only it were real money.

[UD_Delt]

Ha! Should have bought into Interplay today. Up almost 40%.

[Viin]

After 34 trades and days of sweat and tears, I am now up 1! 20 out of 22 baby!

[Viin]

Edit: Nevermind, I guess the game doesn't close until midnight - for aftermarket trading and all.

Will post actual winner later!

[Krakrok]

It's golf scoring right? 

[cmlancas]

The service was broken ><

 

[Sky]

Bah, who is Kidder? I thought I won, I was first over the weekend :P

My strategy: Dick Cheney. Put all your money in the bad companies that rob people blind and do whatever they can get away with sort of legally. Especially if you have a former officer in the VP office. And then I went for oil for the final push, and sold when it hit a pretty good high. Got Exxon at a nice low for the season. No trades after I sold off the XOM, hoped being 12k up would net the win...and I would've if it had ended Sunday, heh.

Still...I didn't make 12k irl in the last 2 months!

[Soukyan]

I want in on the next round of games. Who's running this popsicle stand?

[lamaros]

Oh, I lost.. I thought I was gold when i was 10k up half a month ago.. I should have checked it again 

[schild]

Can someone screenshot and imageshack the final full chart?

[Viin]

[Viin]

Do we want to use VSE again for another one or should we try this other one (http://simulator.investopedia.com/)?

I didn't care for Investopedia when I looked, but I haven't found any other options.

[Ookii]

Not last!

If I have some time today I'll look for other ones, it would be if other people would as well so we could find an awesome replacement for VSE.

[cmlancas]

We should find another one. VSE touched me in naughty places when it decided it was too good to let me trade any of my stocks anymore.

 

I can look around too -- I like stock market challenges that work.

[Nebu]

Congrats to those at the top.  This is certainly harder than it appears on the surface and I was humbled by the experience.  Next time, I'm getting some inside info from Martha Stewart.

[Sky]

Just pick legal things that are closest to crack. Never go wrong investing in crack! People love it!