Play the Markets Contest is Up!

Tipmoose · Post by **Tipmoose** » Mon Mar 17, 2008 12:49 pm

Im in, bitches.

Please don't hurt me, Rad...this lunch money is all I have...please don't take it...

radbag · Post by **radbag** » Mon Mar 17, 2008 1:16 pm

LEH rallying off the lows...eatin into the profits.

RickySlade · Post by **RickySlade** » Mon Mar 17, 2008 1:25 pm

Go to this http://www.investopedia.com and create a username. Try and use your same name as on here, so I can keep you all straight.
That could prove quite difficult with one or two members.
I'll be getting in so there will be at least 3 of us. Rather there will be more than two. I don't like the threesome connotations.

I never pegged you as homeaux. I guess you're ZZ Topping it with the wife and kids.

TheTodd · Post by **TheTodd** » Mon Mar 17, 2008 1:29 pm

Account Value (USD) : $100,267.00

a1bion · Post by **a1bion** » Mon Mar 17, 2008 1:29 pm

LEH rallying off the lows...eatin into the profits.

It's all pop, drop, and chop today. Dow was up a second ago, then went right back in the tank.

radbag · Post by **radbag** » Mon Mar 17, 2008 1:31 pm

it won't let me short more.....some shit about a diversification rule...wtf?!

TheTodd · Post by **TheTodd** » Mon Mar 17, 2008 1:38 pm

Oil took a small fall today.

IHateUGAlyDawgs · Post by **IHateUGAlyDawgs** » Mon Mar 17, 2008 1:49 pm

what the hell does "short" mean?

I'm at a serious disadvantage in this game...

is there anywhere where I can view all the stock choices and their prices?

radbag · Post by **radbag** » Mon Mar 17, 2008 2:00 pm

what the hell does "short" mean?

I'm at a serious disadvantage in this game...

is there anywhere where I can view all the stock choices and their prices?

short means you sell the stock but you don't own it...it is a bearish position...meaning to say that you are speculating that it will trade lower enabling you to buy it in the future at presumably a cheaper cost...buying cheaper is called 'covering' your short...it's risky as your losses theoretically are unlimited...if the stock you sold skyrockets to infinity, you will have to buy it at infinity to cover your short....

TheTodd · Post by **TheTodd** » Mon Mar 17, 2008 2:03 pm

^^^^^^^

Wall St Journal

A short is when you sell a stock you don't own. For example, if I think Citgo will take a hit on their stock in a week, I will short the stock by selling it at todays price and the buying it a week later after it takes a dive. So you are kind of taking out a loan by selling the stock that you don't own until you buy those shares at the lower price. It can be dangerous if the stock doesn't preform as you think it will. If the price goes up then you end up losing money. It is basically the reverse of buy low sell high. It's sell high buy low.

Welshgator · Post by **Welshgator** » Mon Mar 17, 2008 2:27 pm

I'm logged in. Can I just cash in my $100k now?

radbag · Post by **radbag** » Mon Mar 17, 2008 2:36 pm

I'm logged in. Can I just cash in my $100k now?

less the commission, you lose.

MinGator · Post by **MinGator** » Mon Mar 17, 2008 2:50 pm

all right i'm in. i may just hold my 100k in cash and let the rest of you fokkers lose your money. hahaha

MinGator · Post by **MinGator** » Mon Mar 17, 2008 2:59 pm

i think i just realized how addicting this will be and how much sleep i will now not get as a result. being green to investing in anything other than mutual funds and 401k's, i've got a lot to learn.

radbag · Post by **radbag** » Mon Mar 17, 2008 3:02 pm

we all start somewhere 95

hopefully, this lil simulator gives one the feel and understanding for doing it on your own.

i don't know what's worse...my play one or my real one... sheesh.

a1bion · Post by **a1bion** » Mon Mar 17, 2008 3:22 pm

My real one sucks currently, but its all long term money. I've been picking up a ton of RayJay stock of late in my non-qual account.

I was doing good today until the end. I think I'm going to leave all my shorts on though. I think the rally was a headfake.

apexgator · Post by **apexgator** » Mon Mar 17, 2008 3:23 pm

i think i just realized how addicting this will be and how much sleep i will now not get as a result. being green to investing in anything other than mutual funds and 401k's, i've got a lot to learn.

I'm in the same boat. I've dabbled in the stock market but not as much as I have with mutual funds. This is going to give me an education which is a good thing.

TheTodd · Post by **TheTodd** » Mon Mar 17, 2008 3:30 pm

I'd recommend looking at companies that you might deal with in your normal day-to-day lives. Companies where you are familiar with their products cause you buy them or companies you deal with at work. That would be a good start as you would already know a little bit about their business.

apexgator · Post by **apexgator** » Mon Mar 17, 2008 3:37 pm

For some reason I have been unable to access the site this afternoon due to "internal server problems" so I'm not sure on some details but in our contest is there an end date? In other words are we investing for the long term or short term?

TheTodd · Post by **TheTodd** » Mon Mar 17, 2008 3:45 pm

They are having trouble counting all the money I've made today.

radbag · Post by **radbag** » Mon Mar 17, 2008 3:53 pm

they are having trouble counting all the money i've LOST today

MinGator · Post by **MinGator** » Mon Mar 17, 2008 3:59 pm

i lost $23 today. damn the market gods!!!!!!!

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TheTodd · Post by **TheTodd** » Mon Mar 17, 2008 4:31 pm

Commissions are a little high IMO. $60 for three trades? Come on, $7 a trade damnit!

TheTodd · Post by **TheTodd** » Mon Mar 17, 2008 4:32 pm

I'm up $480. I only have $22,000 in the market at this point.

a1bion · Post by **a1bion** » Mon Mar 17, 2008 5:14 pm

For some reason I have been unable to access the site this afternoon due to "internal server problems" so I'm not sure on some details but in our contest is there an end date? In other words are we investing for the long term or short term?

I set it to run through Dec 31. If you guys want, I can change that to a shorter time frame, longer time frame, or set it to run indefinitely.