| Do you think this would make a better competition? |
| yes |
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56% |
[ 13 ] |
| no |
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43% |
[ 10 ] |
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| Total Votes : 23 |
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| Author |
Message
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| geb9696 |
 Posted: Thu Feb 02, 2006 1:13 pm Post subject: |
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Investing VP
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| I seem to think it should be like in real life. You should let people do whatever the heck they want to. If i want to put my entire life savings on rimm options who should be allowed to stop me. Its my loss if they dont finish in the money and I lose everything. You complain it is lucky to pick one stock and skill to pick 5 but I disagree. I know right now I only feel confident to own one stock. Why should I be forced to buy 4 others just for the sake of holding 5 stocks? Its my risk for not diversifiying. |
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| nelaina |
| Posted: Thu Feb 02, 2006 3:08 pm Post subject: |
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CFO
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| geb9696 wrote: | | I seem to think it should be like in real life. You should let people do whatever the heck they want to. If i want to put my entire life savings on rimm options who should be allowed to stop me. Its my loss if they dont finish in the money and I lose everything. You complain it is lucky to pick one stock and skill to pick 5 but I disagree. I know right now I only feel confident to own one stock. Why should I be forced to buy 4 others just for the sake of holding 5 stocks? Its my risk for not diversifiying. |
i definitley see your point geb, in real life i would agree with you on that. However, here we are competing on a monthly basis, and i definitely feel there is more skill involved with picking five stocks. One lucky stock can make a nice run. And one unlucky stock can sink your portfolio, but 5 well chosen stocks can create a nice balance that will keep your portfolio from sinking, and help you maintain your status in the competiton. I think that having it as a minimum of 5 is fair and helps both sides. Its the only way to truly be competing |
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| Dave Rathbun |
| Posted: Thu Feb 02, 2006 4:11 pm Post subject: |
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CFO
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I'm going on record as being against any minimum holding requirement. If you want to hold a single stock, you should be allowed to do so. If you want to hold 20 stocks, you should be allowed to do so. I think the primary reason behind the request is the fact that the current % calculation method penalizes active traders. It doesn't matter if you buy and hold one stock or buy and hold 5 or more stocks, it's the buy-and-hold that is the key.
When the new calculations are put in place, and the % return is built off of net returns based on your starting monthly capital, then I think the whole objection goes away. If you start with $1000, make 10 trades and make $100 on each of them, you've doubled your money. I don't see very many single stocks going up 100% in a month. At that point it will be up to the individual trading strategy... if you can make a lot of small gains on a lot of small trades you will win.
Because of that, I believe that this decision should be tabled until we have a few months of the "new" system in the bank. Then we'll watch the "buy-and-hold" folks whine about losing out to the active traders.  |
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| geb9696 |
| Posted: Thu Feb 02, 2006 4:30 pm Post subject: |
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Investing VP
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| nelaina |
| Posted: Thu Feb 02, 2006 5:01 pm Post subject: |
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CFO
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| Dave Rathbun wrote: | | Then we'll watch the "buy-and-hold" folks whine about losing out to the active traders. |
you have a point there  |
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| poornewb |
| Posted: Thu Feb 02, 2006 6:38 pm Post subject: |
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Investing Manager
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I didnt know about the new percentage calcs? I guess if it does them like you say dave we may want to wait and let you guys work on that rather than waste time getting the sim to average our monthly holdings. I would retract my yes bid to wait and see how it shakes out.
Either way Ben your running a great site here even if it made my return -99% I still dig the site and sim. Thanks to all who work and program it also. |
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| nelaina |
| Posted: Thu Feb 02, 2006 6:43 pm Post subject: |
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CFO
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| poornewb wrote: | I didnt know about the new percentage calcs? I guess if it does them like you say dave we may want to wait and let you guys work on that rather than waste time getting the sim to average our monthly holdings. I would retract my yes bid to wait and see how it shakes out.
Either way Ben your running a great site here even if it made my return -99% I still dig the site and sim. Thanks to all who work and program it also. |
i agreeeee with everything you said!  |
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