Sciforums Investment Game

Yeah, generally the above is correct. But the difficulty here is to know what the "reasonlable level" for you. For instance, if you a company you invested achieved your expected per share price, but you are quite determined that the company will prosper even more in the future, you are very much tempted to raise your initial goal thus risking your gamble. That is, unless you have a determined goal to begin with, nothing is 'reasonable' in the real market.

Again, easier said than done. Virtually no one expected that, for example, Kmart would come back after they filed bankruptcy back in 2002 (if I remember correctly). The value per share was virtually null (thus bankrupt), and there was no positive expectations from any investment firm, yet they made quite a leap from $15 to $150 over the period of two years. And there are so many instances like that even in bluechip companies.

Nevertheless, your most valueable insight can be found in this sentence:

Indeed, it is about, in the end, faith isn't it?

At any rate, I usually go by, with Xerxes, how graphs look along with fundamentals.
best,

 

Log in or Sign up to hide all adverts.

Rank #1.

Please Register or Log in to view the hidden image!

Syed Sameer - A 14-year-old kicking some intelligent ass

 

Log in or Sign up to hide all adverts.

I think I am going to prove that a random approach accompagnied by lack of good sense is going to make me end at the last place. Commie hamster here I come.

 

Log in or Sign up to hide all adverts.

This is what I was looking for:
http://management.about.com/od/money/a/stockoptionfaq1.htm

You can use it to make a shitload of profit in short time with little money. At the same time you can lose it all also easily. But I can still remember when I was young I had 1000$ to spend. I played with the options for a month and doubled it. (at one point I lost half my money). Then quit doing stocks. A few months later was a big crash. Lots of people I know lost a lot. Because they had invested all they had in stocks.

 

ok, well i just invested my entire account into apple, ATI, microsoft and google. lets see what happens

 

I made some money on nokia today. I had a good feeling about it 2 days ago. Bought it. Made some dough finally today. Sold it.

 

Shame on you spurious, I thought you were going for last place?

Syed,
I must say, I am impressed with you're coming out of nowhere, but now, you are only half a point ahead of me and I can't see google rising too much... Will I keep 1st for the 3rd straight friday?

Vslayer,
Apple is unertain now because of the French iTunes controversy. MSFT just set delayed Vista, AGAIN... ATI and google could go either direction. Good luck though

Please Register or Log in to view the hidden image!

If you can cancel any of those orders and buy small cap stocks, that would be the easier way to make money.

 

it doesnt work, iive tried to invest about 3 times now, and it still does nothing. ive waited the 20 minutes that it says it takes to process, but it refuses to do anything

 

It does work:
1) You have to trade during business hours.. 9-4ET I believe.
2) Sometimes takes longer than twenty minutes (the system is in beta.)

 

I also noticed it doesn't work with opera. Works fine with firefox.

And Xerxes, I am still playing on gut instinct and not with an analytical approach. I lost quite a lot on other stocks. Sold some of those off, kept some. But I am getting slightly more analytical, because maybe it would be nice if a commie would beat a capitalist. Still a long time to go. It's quite exciting as a game I guess. You never know what is going to happen.

I don't have a clue yet what I am going to trade today. Sold off all my nokia after all. It might go up again. And then I will cry.

You can keep stuff that is losing till it picks up, but you can just as well sell it and try something else. What do other people think? You keep your losing stock until it makes a profit? Or do you get rid of it at one point and take your losses?

 

That is a 64 million dollar question. (Send that sum to me and I guarantee to make you wiser.)

Please Register or Log in to view the hidden image!

 

Maybe it is best to set yourself limits? I make this much profit I sell them (unless the market is still clearly in an upwards trend). I they make this much of a loss I sell.

Dunno...

 

How is this possible?

osand bought 5000 shares of hxscf for 0$! The price of a share is ~29$

 

Spurious,

Usually it depends on the stock. If it's going to pick up soon, keep it, otherwise sell it and buy some high performing stock. Time is the key factor. If this were a longterm game it would be better to keep the stock.

To answer your question, you can basically buy twice as much money worth of stocks as your current portfolio value. Hence you are borrowing money to make money (high risk/reward). I'm doing that myself

Please Register or Log in to view the hidden image!

So is Syed. It displays $0 because he went in the hole.. unless it's some obscure bug.

 

Today's strategy certainly totally went down the drain. I picked GNSS because it was losing and had a high volume in trading. I gambled it would go up. It did. I actually was 1400$ up at one point with it. Then I went away to do something. And the stock market had gone into a small dip in the afternoon. Needless to say GNSS didn't really recover anymore. Maybe monday. Maybe never.

Too greedy again. Should have sold when I had a decent profit. I had the same yesterday. SWC was up 800$ and I didn't sell. I guessed it might go up more. It didn't. Now it is all down again.

Maybe there is a lesson to be learned from all this.

 

Nah, you'd be kicking yourself if the stock soared. You'll notice that at the end of the day, some stocks plummet because everyone is trying to sell them off for a profit. But they will spike the next morning and then normalize a bit in the afternoon.

Here are the updated standings for the week ending Friday March 31st
1.Sameer +15.48%
2.firecamel +14.03%
3.djtec17 +7.20%
4.Bowser +4.77%
5.Flamingnun +4.43%
6.wesmorris +4.33%
7.Roman +4.23%
8.spuriousmonkey +4.21%
9.Pete +3.92%
10.illadelphia76 +3.90%
11.paintballads +3.75%
12.Xovelono +3.25%
13.CT3000 +1.89%
14.oSand +0.72%
15.M3T4LHE4D +0.16%
16.Varda +0.13%
17.ritzymitzy +0.05%
18.mouse +0.03%
19.vslayer -0.27%
20.Billy T -0.92%
21.CommunistHamster -2.48%
22.lifeoffever -2.55%

 

It's good to see that the commie rodent isn't totally on the bottom anymore. And nice performance Xerxes and Sameer.

 

He did. He is a bit pissed. He brought them at 27.16 and is out about 10,000 dollars. I think there is a problem with the stock data for the some markets.

 

22.15% - Woah, that's a big jump! Hehe, I hail to Google.

I have seen a lot of people who try to use their precious money to "expriment" with different companies on the stock market. What usually happens is that they invest in Company A, and it sees active growth in 2-3 days but then it goes down for 2-3 days. Now the investor usually sells of his stock thinking that it's not a good one, and goes on experimenting with another company. The company may or may not perform better in the future.

I have an entirely different approach. I do not invest in multiple companies, or companies which are less popular. My advice is to invest in an industry you're familiar with. I'm familiar with the tech / computer industry and I am aware of the performance of the various companies in these sectors. I know Google is a good company and is performing very well, and is developing new products which will make it even more profitable in the near future. So I invest everything I have just into this one company. And that's it. I don't have to do anything more really. Just wait and see the return, read the market analysis and track the company as-well as I can. Even if it performs poorly for a brief period, I would still keep my stock because of the faith I have in this company. And in most cases I make a lot of profit just by doing this.

Remember: Random investing gets you nowhere. It's just like blind gambling - either a big win or a big loss. And trust me, most of the time it's a big loss.

Please Register or Log in to view the hidden image!

Syed Sameer - A 14-year-old kicking some intelligent ass.

 

But it is fun.