| 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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| jdunn72 |
 Posted: Wed Feb 01, 2006 9:05 am Post subject: A call for diversity and trade price change. |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11261.55 e$
Net worth: 11,261.55
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In my humble oppinion, as I am new here, it appears to me that only someone who has maintained at least five holdings on average for the month should be considered for winning the competition, otherwise there is not much skill needed to win but, mostly luck. How can it be called a portfolio with only one holding. Also the price per trade should be more in line with current lo price online discount brokerages in the neighborhood of between $5-$7 range as this would be less hurtful for the portfolio management of swing traders.
Last edited by jdunn72 on Wed Feb 01, 2006 9:46 am; edited 1 time in total |
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| poornewb |
| Posted: Wed Feb 01, 2006 9:12 am Post subject: |
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Investing Manager
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| Hey you know what? Your right about the holdings, I try not to get caught up in the "competition" And just use the sim for what it is, A place to practice before going into the REAL market. |
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| mrbradg |
| Posted: Wed Feb 01, 2006 9:16 am Post subject: Re: A call for diversity and trade price change. |
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Investing Sr. Associate
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| jdunn72 wrote: | | In my humble oppinion, as I am new here, it appears to me that only someone who has maintained at least five holdings on average for the month should be considered for winning the competition, otherwise there is not much skill needed to win but, mostly luck. How can it be called a portfolio with only one holding. Also the price per trade should be more in line with current lo price online discount brokerages in the neighborhood of between $5-$7 range as this would be less hurtful for the portfolio management of swing traders. |
Oh welcome my good man to einvesting.com. We have all discussed this in many forums before. This is a great place to get some practice and a great place to learn via. forums, but the way to win on this site has some problems which are being worked on and should from what I hear by finished some time this year. |
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| Benjamin |
| Posted: Wed Feb 01, 2006 9:25 am Post subject: Re: A call for diversity and trade price change. |
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Administrator
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| jdunn72 wrote: | | only someone who has maintained at least five holdings on average for the month should be considered for winning the competition |
Feel free to edit your post and make it a poll. If you win public opinion we may have to change the rules next month. 
Good to see you posting...welcome!  |
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| showtime130 |
| Posted: Wed Feb 01, 2006 9:27 am Post subject: |
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Investing Sr. Associate
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| That would make it a lot more interesting... |
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| Iceemaan |
| Posted: Wed Feb 01, 2006 9:29 am Post subject: |
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Investing Manager
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| I came to realize last month that the "competition" was an after thought. I am extremely active in the trading aspect and did pretty darn good for the month by real standards....but not by the sim standards. If it changes that is fine, if it doesn't that is fine to |
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| poornewb |
| Posted: Wed Feb 01, 2006 9:44 am Post subject: |
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Investing Manager
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| I would be for that. Having to hold 5 on the average, we could also have another competition for biggest gainer of the month if we wanted to make a monthly competition for the one stock runners. |
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| jdunn72 |
| Posted: Wed Feb 01, 2006 9:57 am Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11261.55 e$
Net worth: 11,261.55
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Thanks for the positive feedback, and just to be clear, I don't think negatively of this set-up, just that it would be more likely to show who is really the top picker if it was changed. |
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| Dave Rathbun |
| Posted: Wed Feb 01, 2006 9:59 am Post subject: |
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CFO
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There are a number of changes in the works. Once they're done, we could have a variety of contests (don't freak, Ben, I'm not suggesting a real cash prize for each!) like biggest gainer (single stock) for the month, biggest net-worth increase for the month (might not be a big percent, but the total e$ increase) and my favorite, the worst performance of the month. That's right, search the web for the biggest dogs you can find and load up on 'em here to win bragging rights as the best at picking bad stocks.  |
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| lostsoul01 |
| Posted: Wed Feb 01, 2006 10:04 am Post subject: |
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Investing Sr. Associate
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I agree, a minimum of 5 holdings would make it a much more fair and skill based competition, rather than a competition of luck.
As for the cost of trades, if we all pay the same price it doesn't matter that much to me. I think $10 is quite fair. |
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| jdunn72 |
| Posted: Wed Feb 01, 2006 10:12 am Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11261.55 e$
Net worth: 11,261.55
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Yeah, the amount per trade is just a psychological advantage to boost a traders confidence in their bottom line and see earnings more in line with current reality. Of course over time this will always change as competition drives the brokerage firms price monopoly down. I would rather see stock sell electronically like moneymarkets with a small pip spread but that would hurt large volume traders more than the little guy so it will probably never happen. |
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| Benjamin |
| Posted: Wed Feb 01, 2006 10:14 am Post subject: |
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Administrator
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So would it be 5 stock minimum all month?
Or would you just have to hold at least 5 stocks at some point? (If so for how long?)
Would there be a minimum amount of shares purchased or dollar amount?
Thing is I hate to make a bunch more restrictions. |
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| Dave Rathbun |
| Posted: Wed Feb 01, 2006 10:17 am Post subject: |
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CFO
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Benjamin: I think changes like this should be on hold until the system is reworked. For one thing, if it works as advertised then an active trader that makes a lot of small but successful trades will outdo a person with a single holding that does moderately well. But I don't think that Vester's performance this past month (over 30% with a single stock) should be penalized. If you can buy-and-hold for a month (or more) and do well, you deserve to win. If you can trade (and that's where the $10 versus $7 commission could come into play) and make the right trades over the course of the month then you deserve to win.
Just my two cents. |
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| Iceemaan |
| Posted: Wed Feb 01, 2006 10:33 am Post subject: |
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Investing Manager
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| Yes but don't penalize for "reinvesting" the same money. It would be good if it just took a net profit on your total amount of e$. Example I have 62000e$ or so but invested 245000 e$ during the last month. So my return is not acurate. My net profit for the month if it was based on the total e$ I have would have been a LOT higher. If you could rework that then it wouldn't matter how many stocks you held. It would just be based on return. |
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| jdunn72 |
| Posted: Wed Feb 01, 2006 10:36 am Post subject: How to make an average for holdings. |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11261.55 e$
Net worth: 11,261.55
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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Well like I said in the first post it should be an average of at least 5 for the month.
Example:
Server queries each users portfolio and logs to a database on saturday and puts in the number of holdings they have. Then adds to that total the last day of the months holdings and divides by the number of saturdays + the last day of the month to get an average number of holdings for the month.
Seems simple and effective with a little php and mysql it could be done automatically. |
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