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| DKnightSr |
 Posted: Wed Dec 07, 2005 3:15 pm Post subject: Short Selling |
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Member of the Month
May
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Benjamin,
Any chance we could institute short selling? It could add alot to our compettition here in the next couple of months I think.
If it's already possible, where's the "assembly instructions" (fit tab a into slot b while extacting rod z from the actuator mechanism  (Can you tell I'm a "Daddy" ? Ha Ha Ha ) |
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| Benjamin |
| Posted: Wed Dec 07, 2005 3:23 pm Post subject: |
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Administrator
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It woulld be quite a bit of programming work to get this running properly.
Thats not to say it's completely out of our scope, but it'll be a while.  |
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| stockmarkettips |
| Posted: Thu Dec 08, 2005 11:22 pm Post subject: |
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Investing Manager
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| I'm curious. How many programmers did it take to write the simulator script? Are you a programmer yourself? |
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| Trading Simulator |
| Posted: Fri Dec 09, 2005 6:46 am Post subject: |
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Investing Sr. Associate
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| stockmarkettips wrote: | | I'm curious. How many programmers did it take to write the simulator script? |
The bulk of the simulator code was written by one person. There were some tweaks made along the way, but the current core package was designed and built specifically for this site.
We have designed the system to allow for short trades / limit trades, and both of those are hopefully going to be implemented over time. We also plan to keep a history of monthly returns, and be able to show annual return and "life to date" returns as well. There is no planned release date for these new features as of yet, but the system as it stands today was written to allow those features to be added at a later date. |
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| Benjamin |
| Posted: Fri Dec 09, 2005 6:58 am Post subject: |
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Administrator
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| stockmarkettips wrote: | | I'm curious. How many programmers did it take to write the simulator script? Are you a programmer yourself? |
The majority of the programming and making the initial concept work was done by the Famous phpBB Database programmer Dave Rathbun.
www.phpbbdoctor.com
You may see him from time to time on the forums as he's a bit of an investor himself! |
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| rodder4hire |
| Posted: Fri Dec 09, 2005 7:50 am Post subject: |
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Investing Manager
Joined: 04 Dec 2005
Posts: 242
This Month: 0
Location: CT
24219.65 e$
Net worth: 49,608.65
Portfolio Value: 25,389.00
Monthly Return: -27.13%
Trades this month: 0
Churn Rate: 0.00%Items
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| Short selling and limit trading would add a lot of interest, I think. |
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| Dave Rathbun |
| Posted: Fri Dec 09, 2005 9:19 am Post subject: |
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CFO
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| rodder4hire wrote: | | Short selling and limit trading would add a lot of interest, I think. |
Limit trading will be relatively easy to implement, given the current state of the code. Short selling will be trickier, but I expect that we'll get it added along the way at some point. There are lots of rules regarding short sales (sell only on an uptick, checking to see that quantity of shares are available to short, and so on) and we'll have to decide how those are going to be applied in the game. |
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| gogeta9118 |
| Posted: Fri Dec 09, 2005 10:47 am Post subject: |
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Investing Sr. Associate
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| i look forward to limit trading. 1 step closer to reality. |
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| Dave Rathbun |
| Posted: Fri Dec 09, 2005 3:05 pm Post subject: |
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CFO
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| gogeta9118 wrote: | | i look forward to limit trading. 1 step closer to reality. |
Well, if you notice there is a choice for Market orders... but only a choice for Market at this time. Which is fairly pointless.  Once we flip the switch, so to speak, there will be an option for Limit orders, at which point you will also have to specify a limit price and a GTC or DAY duration. GTC = Good 'Till Cancelled, and DAY means the order expires at the end of the day. It's all in the plan.  |
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| rodder4hire |
| Posted: Fri Dec 09, 2005 3:44 pm Post subject: |
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Investing Manager
Joined: 04 Dec 2005
Posts: 242
This Month: 0
Location: CT
24219.65 e$
Net worth: 49,608.65
Portfolio Value: 25,389.00
Monthly Return: -27.13%
Trades this month: 0
Churn Rate: 0.00%Items
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| Im Not Warren Buffett |
| Posted: Fri Dec 09, 2005 7:57 pm Post subject: |
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CFO
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| Lead programmer AND Member of the Month? What more could we ask for? Impressive. |
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| stockmarkettips |
| Posted: Wed Dec 14, 2005 7:17 am Post subject: |
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Investing Manager
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| Well, maybe I'm the only one, but I actually prefer to trade using market orders. |
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| Im Not Warren Buffett |
| Posted: Wed Dec 14, 2005 5:16 pm Post subject: |
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CFO
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Any reason? I think the twenty minute delay can have a pretty big impact on returns, especially when it comes to buying just after the market opens. I don't see any reason not to use limit orders, they protect you from paying too much for a stock that moves quickly.
Not to press for too much this Christmas, but what about stop losses? |
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| Dave Rathbun |
| Posted: Wed Dec 14, 2005 9:11 pm Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | | Any reason? I think the twenty minute delay can have a pretty big impact on returns, especially when it comes to buying just after the market opens. |
All the 20 minute delay does is put your trades in time with the quotes. The quotes are 20 minute delayed... the orders are 20 minute delayed... therefore they're on the same "clock". Placing a "market" order to purchase stock before the market opens will be traded as soon as the order queue starts processing, which is as soon as the quotes are available from Yahoo. It's just like in real life... if you place a market order before the market opens it will be executed when the market opens, but in real time.
Or perhaps I'm missing your point. |
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