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| jdunn72 |
 Posted: Fri Mar 31, 2006 12:53 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11275.26 e$
Net worth: 11,275.26
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Dave Rathbun wrote: | | .............. You don't have to be a trader to have good returns................ |
Ok, I think there is confusion here. One thing if there is a day trader as rare as good ones are, do you think they will be wasting time on a simulator? I am not talking about traders I am talking about buy and hold and swings. Mostly I am talking about trading without risking all your REAL money in one security, I don't see how (with) a straight face and a clean conscious you can promote that putting all your money into one stock is a good strategy.  |
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| Benjamin |
| Posted: Fri Mar 31, 2006 12:56 pm Post subject: |
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Administrator
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| It's not a good strategy, but this is a fantasy game. If you want to play and watch a single stock that interests you; you shouldn't be looked down upon. |
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| jdunn72 |
| Posted: Fri Mar 31, 2006 1:07 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11275.26 e$
Net worth: 11,275.26
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Benjamin wrote: | It's definetly not a server issue.
It comes down to participation.
Dave has a good point regarding actives vs holders. If you want to play it as a single pick or a portfolio I think your still in the same game. Picking a single stock has as much chance of being down 50% than up 50%. It may be luck, but thats investing. |
Many claim a distinctive difference here and call that speculation not investing.
My point is this contest promotes the most reckless style of investing also known as speculation.
Why not then have the script run through all the trades everyone makes for the month and rank the trades and whoever makes it to the top in percentage gained for a single trade wins. That way people who are really trying to develop limited risk strategies with portfolios still have as good a chance to win as those who just pick one, and then you'll probably see a better ranking based on skill as more people will diversify to try and get the best trade and will likely lose in overall ranking until they learn to make a good portfolio. Seems like a win win to me and should be easier than all this minumum stuff we're talking about, what do you guys think? |
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| jdunn72 |
| Posted: Fri Mar 31, 2006 1:10 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11275.26 e$
Net worth: 11,275.26
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| You could also have a separate leader board that shows the top five trades for the month...... |
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| Dave Rathbun |
| Posted: Fri Mar 31, 2006 1:16 pm Post subject: |
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CFO
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I never said anything about a "day trader".
My first investment was a single stock. They made a software product that I used and admired. A few months later they won a lawsuit against Microsoft (it happens) and the stock jumped 100%. I sold it. I took the capital from that trade and purchased shares of the company that I worked for at the time. But I was still only holding a single stock.
As a beginning investor, how much money do you really have? As a new member of this site, how many e$ do you get? Do you want to prevent a new user from participating in the competition because they don't have the funds to buy the minimum number of holdings?
The winner this month had more than a single holding. I don't know why they bought the companies that they did, but they were both trading just above the $2 minimum required for the simulator. A $2 stock does not have to move very much to make a big % gain.
I never intended to imply that I thought holding a single stock in a portfolio was an effective or advisable long-term investing strategy. But I do consider it a valid game strategy. I'm just saying that I don't see the need to impose that restriction on the monthly game here. I'll be honest, I'm quite certain that I would never win if this restriction is put in place, because I just don't have the energy to keep up with my real portfolios as well as a fake one. It's hard enough to pick a stock every month or two, much less an entire bundle of them. If I don't have a chance to win, I lose interest. I believe that would go for other users as well.
Look at the users that already miss out because they don't feel like posting. I believe that adding additional requirements on the game is just going to make more users drop out of the game, rather that increase participation.
I don't think I'm alone in this, I'm just the one voicing the opinion.  And I said that the last post was my last word on the subject, and it turns out I was wrong, so I will attempt to keep to myself from this point forward, unless specifically asked to respond further.  |
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| Dave Rathbun |
| Posted: Fri Mar 31, 2006 1:20 pm Post subject: |
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CFO
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We're on a dedicated server now, that is shared among several smaller web sites. Trust me, we have a ton more hardware than we need at the moment. We have a dual Xeon with 4GB of RAM and 1200GB of monthly bandwidth. eInvesting is using less than 10GB of bandwidth per month. And getting a very good hosting rate, at that, I might add.  |
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| jdunn72 |
| Posted: Fri Mar 31, 2006 1:28 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11275.26 e$
Net worth: 11,275.26
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Benjamin wrote: | | It's not a good strategy, but this is a fantasy game. If you want to play and watch a single stock that interests you; you shouldn't be looked down upon. |
Well, originally I thought this simulator game was a portfolio contest. I apologize if I hurt anyones feelings, I wasn't looking down upon anyone but, I was questioning the validity of a game called portfolio contest that was actually a stock picking contest.
I am offended that this has been twisted into a an accusation that I look down upon someone, as that should prove not the case if this thread is read through thoroughly. I don't see how anyone could think that. I am merely trying to boost the level of competition comiserate with real investing strategies, we already have stock picking contests.
Last edited by jdunn72 on Fri Mar 31, 2006 1:34 pm; edited 1 time in total |
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| jdunn72 |
| Posted: Fri Mar 31, 2006 1:32 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11275.26 e$
Net worth: 11,275.26
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Dave Rathbun wrote: | I never said anything about a "day trader".
My first investment was a single stock. They made a software product that I used and admired. A few months later they won a lawsuit against Microsoft (it happens) and the stock jumped 100%. I sold it. I took the capital from that trade and purchased shares of the company that I worked for at the time. But I was still only holding a single stock.
As a beginning investor, how much money do you really have? As a new member of this site, how many e$ do you get? Do you want to prevent a new user from participating in the competition because they don't have the funds to buy the minimum number of holdings?
The winner this month had more than a single holding. I don't know why they bought the companies that they did, but they were both trading just above the $2 minimum required for the simulator. A $2 stock does not have to move very much to make a big % gain.
I never intended to imply that I thought holding a single stock in a portfolio was an effective or advisable long-term investing strategy. But I do consider it a valid game strategy. I'm just saying that I don't see the need to impose that restriction on the monthly game here. I'll be honest, I'm quite certain that I would never win if this restriction is put in place, because I just don't have the energy to keep up with my real portfolios as well as a fake one. It's hard enough to pick a stock every month or two, much less an entire bundle of them. If I don't have a chance to win, I lose interest. I believe that would go for other users as well.
Look at the users that already miss out because they don't feel like posting. I believe that adding additional requirements on the game is just going to make more users drop out of the game, rather that increase participation.
I don't think I'm alone in this, I'm just the one voicing the opinion. And I said that the last post was my last word on the subject, and it turns out I was wrong, so I will attempt to keep to myself from this point forward, unless specifically asked to respond further. |
Did you see this, why wouldn't this be a viable solution?....
Why not then have the script run through all the trades everyone makes for the month and rank the trades and whoever makes it to the top in percentage gained for a single trade wins. That way people who are really trying to develop limited risk strategies with portfolios still have as good a chance to win as those who just pick one, and then you'll probably see a better ranking based on skill as more people will diversify to try and get the best trade and will likely lose in overall ranking until they learn to make a good portfolio. Seems like a win win to me and should be easier than all this minumum stuff we're talking about, what do you guys think? |
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| lostsoul01 |
| Posted: Fri Mar 31, 2006 2:12 pm Post subject: |
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Investing Sr. Associate
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| Dave Rathbun wrote: | The winner this month had more than a single holding. I don't know why they bought the companies that they did, but they were both trading just above the $2 minimum required for the simulator. A $2 stock does not have to move very much to make a big % gain.
I never intended to imply that I thought holding a single stock in a portfolio was an effective or advisable long-term investing strategy. But I do consider it a valid game strategy. ... |
That follows my thought on this... it was a game strategy. This is what this site is about, to practice, but we have rules set up for us. I think they are good rules, because I've never made money on any stock under $2 except TMTA, and I'll attibute that to luck and waiting a really long time.
But on the other hand... the name of the site is eInvesting, not eTrading, so the game kind of conflicts the idea. It's just fun I think.
And I also held these stocks for two months not one. They hit my criteria and rather than sell and try something new, I kept my faith in them. |
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| frusnak |
| Posted: Fri Mar 31, 2006 2:54 pm Post subject: |
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CFO
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| Congratulation on your investment strategy!!! |
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| vetelmo |
| Posted: Fri Mar 31, 2006 3:31 pm Post subject: |
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Moderator
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| I gave up on the percentages, I go for what amount I traded for the month, wether it be up or down. |
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| Grimreaper |
| Posted: Fri Mar 31, 2006 4:15 pm Post subject: |
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CFO
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I'm not even sure I understand how the %'s are calculated, all I know is dat I LIKES IT! da game dat is  I was under the assumption that if you take 75% of your portfolio and affect a trade that nets 13%+ like I did with MOVI yesterday.....your overall portfolio gain should move more than the 2% or so that the trade increased my overall net return fo da munth! I was tryin reeeeal haaaard ta WOW ya's! one of these times I'za gonna, but I also like what Lostsoul said about holding a stock he had faith in which rewarded him a few months later.....you can use whatever method ya choose and it still be fun but if ya's gonna cheat me on da %'s at least put a screwdriver to da trade SIM fo me, I bought MOVI yesterday at 2.30 with all me remaining cash (alot of it!), da SIM gammee 2.34  I sold when it was actually trading at 2.75....I gots 2.65 from da SIM  I will kill da SIM! |
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| Im Not Warren Buffett |
| Posted: Fri Mar 31, 2006 8:50 pm Post subject: |
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CFO
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| Dave Rathbun wrote: | | I don't think I'm alone in this, I'm just the one voicing the opinion. And I said that the last post was my last word on the subject, and it turns out I was wrong, so I will attempt to keep to myself from this point forward, unless specifically asked to respond further. |
As much as I believe that a portfolio consists of multiple holdings, blah blah blah, blah blah blah blah, I don't think adding more requirements is the right move. We will always have disputes about who "should have won", ignoring that as "investors" our MONTHLY return should be irrelevant to us.
The monthly return is just a matter of setting an arbitrary time division... I'm going to finish this month down just over 1%, when most of the month I was down 4-5%. Last month the opposite was true, I was up 5% until the last three days, and I finished up 1.5%. I don't think last month's winner has posted here this month, and the only reason he posted in Feb. was because someone notified him that he was winning and should post... but that's another topic.
My point in all of this is that we won't agree on how to set up the competition - there are too many variables. Why not just say highest portfolio wins it and keep it simple? |
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| Im Not Warren Buffett |
| Posted: Mon Apr 10, 2006 6:13 pm Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | | Why not just say highest portfolio wins it and keep it simple? |
I forgot to mention, by "highest portfolio" I meant highest portfolio value.
I win... unless Dave does a firesale of all his property.  |
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| Dave Rathbun |
| Posted: Tue Apr 11, 2006 1:39 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | | I win... unless Dave does a firesale of all his property. |
No way... I have big plans for all that seaside land.  |
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