dirtyjeffer
Oh Yeah
Premium
join:2002-02-21
London, ON
 ·Rogers Hi-Speed
| reply to manfmmd
Re: [game] VSE Marketwatch Game 1
i always lose money in these games...for some reason, i always miss the dips and end up buying right when stuff starts to dip...even the good stuff is going down. 
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Today's motto: Dearly beloved, We are gathered here today to bid farewell to personal responsibility and accountability. |
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Archivis
Your Daddy
Premium
join:2001-11-26
Earth
 ·Verizon FIOS
| reply to manfmmd
Ok, since I can't play, here's what I did to make money like a madman. It takes a great, great deal of patience, but it works.
I'll break it down for simple terms. You don't need to be a stock market pro. You just have to have a good natural instinct.
The stock market is based largely upon reaction. At least, the part that I'm concerned about. Ever notice that when news breaks, stocks shoot up or down (even temporarily)? That's what you're looking for.
I use finance.yahoo.com. They have news articles and I just constantly hit refresh looking for an article that has really good or really bad news. Then I'll buy a stock, sit on it for maybe an hour or so and ride it up (or down), then sell it.
The key is to read the article within seconds of the press release, scan it for the right information, then purchase/short sell a stock and ride the "hype wave" for an hour or so and dump the stock.
You won't have the right instinct right away, which is what this test market is for. If you're not sure, read a press release that you think would have an impact on a stock and observe it. You can reset your portfolio here so taking risks isn't that bad. For the sake of this game, you could probably toss 25% of your current funds at a stock.
But that's all I do. Keep hitting refresh on the press releases, read the article as soon as it hits, and just get my bid in before the rest of the world gets a chance to read it, put their bids in. What might take them 15-20 minutes, takes me 1-3. I just hop on the train before everyone else does.
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'A government big enough to give you everything you want, is strong enough to take everything you have.' -Thomas Jefferson -
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Dezbend
Premium,MVM
join:2001-04-20 | thanks, Archivis. |
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Dezbend
Premium,MVM
join:2001-04-20
| reply to manfmmd
another n00b question:
if I put a sell order in, and it takes "up to 20 minutes to process," are the stocks sold at the time I put the order in or when it processes?
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DSLr Mafia Member. |
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manfmmd
Premium
join:2003-01-14
Earth
clubs:
| said by Dezbend  :another n00b question: if I put a sell order in, and it takes "up to 20 minutes to process," are the stocks sold at the time I put the order in or when it processes? I believe it's when it processes.
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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 |
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Dezbend
Premium,MVM
join:2001-04-20
| I realize that I misworded my question.
I buy stock at $10.00
It goes up to $10.25 - I hit sell
20 minutes later, the stock is at $10.12
are the stocks sold at the $10.25 or $10.12 price?
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DSLr Mafia Member. |
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Archivis
Your Daddy
Premium
join:2001-11-26
Earth
·Verizon FIOS
| It's sold when the sell goes through.
In your scenario, you'd get it at the $10.12 price. This is how all stock purchases work, however, in this game, it has a 20 minute delay. Real stock trade sites operate usually at a minute or less.
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'A government big enough to give you everything you want, is strong enough to take everything you have.' -Thomas Jefferson -
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Dezbend
Premium,MVM
join:2001-04-20
| well that sucks... I sold, and have been watching the stock fall back down over the last few minutes.
Hitting the top of the peaks is hard if you are shooting 20 minutes ahead.
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DSLr Mafia Member. |
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Archivis
Your Daddy
Premium
join:2001-11-26
Earth
·Verizon FIOS
| The last game I did this, years back, it was my same problem as well.
I sold it on the way up, rather than at the "peak". Recognizing that we can never really identify the peak to begin with.
When doing day trading, be thankful you netted positive, rather than getting frustrated that you didn't get the full peak.
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'A government big enough to give you everything you want, is strong enough to take everything you have.' -Thomas Jefferson -
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ZandraBee
"Sly Fox"
join:2008-10-02
Sterling Heights, MI
| Ok, so I bought 100 shares of a company, and just did the, buy, 100, day order, market.
Now if I want to sell it ONLY at a certain price, what do I do?
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Are you in, or are you out? »Pub Games
The greatest thing you'll ever learn, is just to love, and be loved in return. |
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Archivis
Your Daddy
Premium
join:2001-11-26
Earth
·Verizon FIOS
| I don't know about that. I haven't used the site in forever. I never went by prices anyways. My strategy was always in-and-out.
The site is blocked for me here at work, so I'm only able to participate in spirit
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'A government big enough to give you everything you want, is strong enough to take everything you have.' -Thomas Jefferson -
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manfmmd
Premium
join:2003-01-14
Earth
clubs:
1 edit | reply to ZandraBee
said by ZandraBee :Ok, so I bought 100 shares of a company, and just did the, buy, 100, day order, market. Now if I want to sell it ONLY at a certain price, what do I do? You would place a sell limit order good for "today" only or "good until canceled" with the upper limit being what you want to sell at.
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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 |
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ZandraBee
"Sly Fox"
join:2008-10-02
Sterling Heights, MI
| reply to Archivis
said by Archivis :I don't know about that. I haven't used the site in forever. I never went by prices anyways. My strategy was always in-and-out. The site is blocked for me here at work, so I'm only able to participate in spirit Give me a stock, I'll buy it in your spirit. lol
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Are you in, or are you out? »Pub Games
The greatest thing you'll ever learn, is just to love, and be loved in return. |
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Dezbend
Premium,MVM
join:2001-04-20 | reply to manfmmd
manfmmd sucks. |
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manfmmd
Premium
join:2003-01-14
Earth
clubs: | 
I was expecting a Vote: manfmmd |
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dirtyjeffer
Oh Yeah
Premium
join:2002-02-21
London, ON
·Rogers Hi-Speed
| reply to manfmmd
i'm confused...when i look at my portfolio, it shows all my stocks as being down (albeit, only slightly), yet my portfolio went up by .27% ($270)...what's up with that?
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Today's motto: Dearly beloved, We are gathered here today to bid farewell to personal responsibility and accountability. |
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58303249
join:2009-03-27
| reply to Dezbend
said by Dezbend :well that sucks... I sold, and have been watching the stock fall back down over the last few minutes. Hitting the top of the peaks is hard if you are shooting 20 minutes ahead. It works both ways. you buy at 10.00, it rises to 10.25 when you put the sell order in. 20 minutes later when your order goes thru the price went up to 11.00.
you win some and you lose some. |
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manfmmd
Premium
join:2003-01-14
Earth
clubs:
1 edit | reply to dirtyjeffer
edit:
It looks like you were up to me.. |
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Dezbend
Premium,MVM
join:2001-04-20 | reply to manfmmd
roadsrunning is doing great today! |
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manfmmd
Premium
join:2003-01-14
Earth
clubs: | Yes he is.. I had to make some adjustments.. |
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