Talk > Pub Games > [game] VSE Marketwatch Game 1

[game] VSE Marketwatch Game 1

Anyone got a private web proxy? heh

reply to manfmmd
why is the stock exchnage still closed?

opens at 9:30 I believe.

9:30am to 4pm EST Mon-Fri.

reply to manfmmd
doh!

reply to manfmmd
Just a reminder. Trades can be made after hours and on weekends...just beware that the trades will not become effective until opening the next trading day.

I made my opening trades last night.

reply to manfmmd
can you post a link to where the game is at in this thread?

reply to manfmmd
lets say I bought some stock for $10.00. I expect it to go up and down today, and don't have time to watch it constantly throughout the day.

Is there a way to put a sell order in with an If statement.

"If $10.25 then sell?"

if so, how do I do this?
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DSLr Mafia Member.

»www.sec.gov/answers/stopord.htm

A stop order is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the specified price is reached, your stop order becomes a market order.

Buy Stop Order - Investors typically use a stop order when buying stock to limit a loss or protect a profit on short sales. The order is entered at a stop price that is always above the current market price.

Sell Stop Order - A sell stop order helps investors to avoid further losses or to protect a profit that exists if a stock price continues to drop. A stop order to sell is always placed below the current market price.

The advantage of a stop order is you don't have to monitor how a stock is performing on a daily basis. The disadvantage is that the stop price could be activated by a short-term fluctuation in a stock's price. Also, once your stop price is reached, your stop order becomes a market order and the price you receive may be much different from the stop price, especially in a fast-moving market where stock prices can change rapidly. An investor can avoid the risk of a stop order not guaranteeing a specific price by placing a stop-limit order.
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If the road to Hell is paved with good intentions, what is the road to Heaven paved with?

Obama 2008 - Where Transparent = Opaque

so manfmmd, what are you doing to make money so fast?

reply to manfmmd
let me see if I understand...

When I buy, I have to buy with a stop order... that will do what I am wanting?

The stock I bought through a market order, I have to manually sell when I want to?
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DSLr Mafia Member.

You would want to place a stop-limit order on the stock you bought. It doesn't matter if it was a stop order or a market order:

»www.sec.gov/answers/stoplim.htm

If I wanted to do a stop-limit on a stock, it would look like this:

reply to Dezbend

reply to manfmmd
thanks.

Yeah, it would be a stop on the upper end for selling and a high or low limit on buying..

I put in a test trade as a stop, I'll report back.

I have a stop sell order, but expiring at the end of the day. I will see if it works as well (if my stock goes up as high as I want it to).
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DSLr Mafia Member.

mine did not work as I wanted:

44739372
6/15/09 11:04 AM
6/15/09 11:24 AM
Sell
EQ
570
Stop at $45.00
$43.57
$9.95

44733402
6/14/09 11:06 PM
6/15/09 9:51 AM
Buy
EQ
570
Market
$43.47
$9.95

notice it sold, but not at the level I wanted. Yeah, I made .10 per share!
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DSLr Mafia Member.

»vse.marketwatch.com/Game/Homepage.aspx

how come when i just placed two orders, they are pending?