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Invest-AGE : GAF 100k Investopedia Challenge

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I'M RICH, BITCH

JSCI
 
UraMallas said:
My shit is on suck.

I've got Apple, McDonald's, WalMart, Smith and Wesson, Nintendo, Google, Microsoft and Amazon.com. I'm losing money and I have no idea how to fix it. :(
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your buying stock to big brand name stuff. There will most likely be little movement on them up or down, but most likely down. You need to read the news and look for small company's doing crazy things and take a gamble.
 
Az said:
Great patience you got there... after so many PM requests I would blow up.
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LOL.

Well to be fair in the original OP I had no idea how to do the quote to see thing with email tags.

Yesterday I got more PM's than my entire 4 years at GAF. At least 70 PM's. It was CRAZY!!

I'm so glad somebody finally showed me how to do the quote thing. I was going nuts.
 
Account Value (USD): $9,928.86

Got it up to about $1080 earlier in the trading day (faaaccceeebooookkkk). Then as an experiment bought all of the top losers for the day in mass quantities (with about 5 hours left in the trading day) as an experiment. "Surely they can't go down anymore!".

If I took the contest more seriously of course I would never have done this. But I'm using it as an experiment to try weird shit since there's no reason for me to play it safe. I just realized that normal stock trading I'm never going to get a 10x increase in a couple months, so I'mma have to start doing options or some other high risk high reward shit. But not before I get a feel for just normal stock trading first and acquire way more knowledge.

Are puts pretty much short selling with much higher risk/reward per dollar, since you're not required to buy the stock and there's no expiration?
 
Next week I'm coming for you guys, haven't started because I messed around with it a little early and I realized there's a delay in the option prices and it's hard to place an order, so decided I'll get back to it.
 
MVP said:
Next week I'm coming for you guys, haven't started because I messed around with it a little early and I realized there's a delay in the option prices and it's hard to place an order, so decided I'll get back to it.
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The delay plus site bugginess is a pain in the ass. I have to force myself not to watch real time data, but the tools for finding shit in the simulator are awful, or I don't know how to use them well. :(
 
My plan for today was basically to use high dollar stocks like google and apple, which have a good bit of intra day volatility, and exploit them in the options market, whichever direction they went in. Once apple looked to not be heading back above 675 in the late afternoon, I jumped on 2 put contacts at a 2.50 (iirc) figuring that I'd be able to hop out pretty quickly if it moved back closer to 673. I only planned on making a small profit, assuming that it would close around 671-672. When I saw it go under 671 I hopped on another put contract at 675 because the put was still at 2.50 (keep in mind we are talking about selling four dollars higher than what the price was actually at, that's already a 1.50 in value that hadn't been reflected in the option)


I was pretty happy when it went under 670.


Basically, I'm trying to exploit margins on short term options. If you look carefully and are quick, you can pick up options at a better value than the current difference in price and make a quick buck.
 
shoplifter said:
My plan for today was basically to use high dollar stocks like google and apple, which have a good bit of intra day volatility, and exploit them in the options market, whichever direction they went in. Once apple looked to not be heading back above 675 in the late afternoon, I jumped on 2 put contacts at a 2.50 (iirc) figuring that I'd be able to hop out pretty quickly if it moved back closer to 673. I only planned on making a small profit, assuming that it would close around 671-672. When I saw it go under 671 I hopped on another put contract at 675 because the put was still at 2.50 (keep in mind we are talking about selling four dollars higher than what the price was actually at, that's already a 1.50 in value that hadn't been reflected in the option)


I was pretty happy when it went under 670.


Basically, I'm trying to exploit margins on short term options. If you look carefully and are quick, you can pick up options at a better value than the current difference in price and make a quick buck.
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Edit: err wait, it looks like you bought the 2nd put at 675, so I'm assuming you bought the first couple at that price too. So you bought a put when the market price was already well below the strike price?

So you pay 2.50 for the put on each share, the market closes, if market price is 5.00 below strike price, you then get to buy at market price, sell at strike price, and keep the difference between the market/strike price spread and the price you paid for the option, making 2.50 on each share (not counting fees)?
 
Rankings are out for 28th. They'll be posted in the OP.

112 have signed up. There are about 50 people in the middle rankings that haven't traded anything yet it seems.

i gotta get to bed now zzzzzzzzzzzzzz.............zzzzzzzzz.....
 
How do you tell how long the options last? I just looked at one I bought for AMZN to test it out but now it's gone. I'm assuming I bought an option that only was for September, but how do you tell?

Sorry I'm new to this and trying to learn.
 
Martial said:
How do you tell how long the options last? I just looked at one I bought for AMZN to test it out but now it's gone. I'm assuming I bought an option that only was for September, but how do you tell?

Sorry I'm new to this and trying to learn.
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If you look at shoplifter's positions, the dates under the descriptions tell you when they expire. Options always expire on a Friday.

Timedog said:
how do I tell the simulator to buy if it hits 10.4 and then sell when it hits 11?
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I never tried this before so I don't know the specifics but you should be able make a OTO (one triggers other) order where the first order is buy at 10.4, the second - sell at 11. Also, use a trailing stop just in case.
 
jgmo870 said:
I never tried this before so I don't know the specifics but you should be able make a OTO (one triggers other) order where the first order is buy at 10.4, the second - sell at 11. Also, use a trailing stop just in case.
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Don't see that option. I think I'd have to buy using a limit, then whenver the trade is made (if ever) I'd have to put a sell order in for the stock in my portfolio using a limit or stop (i forget which one). The problem is, this forces me to have to watch the market for an indefinite amount of time on Monday when I just want to automate everything. I'm sure this is possible on real stock trades with a real broker. This simulation pisses me off.

Anyone know a stock simulation that isn't 15 minutes off, buggy as hell, and missing obvious features.
 
Well I've spread myself out in the market. Got some pharma, tech, and manufacturing.

Lets see how this goes.


I know the site has it's drawbacks and limitations but I'm unsure of any other stock simulators. I think we should all treat this as just an opportunity to learn and understand. I know it's a 'competition' thread. However, this thread and 'competition' was created because people, including myself, showed interest in learning the market without losing our shirts.
 
Uhhh... that's weird, I was at 10,300 on Friday at market close, and my 'history' shows me sitting at 10,300 after my last trade. But... my portfolio has me at 9,900 this morning o.O.

Wha happened?
 
Kinitari said:
Uhhh... that's weird, I was at 10,300 on Friday at market close, and my 'history' shows me sitting at 10,300 after my last trade. But... my portfolio has me at 9,900 this morning o.O.

Wha happened?
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Stocks getting killed in early hours trading?
 
What is that pic from?

Edit: Recognized it - Jurassic Park - Hold onto your butts.

So... Kinda at a loss about what to look into now as far as the opening market.
 
Timedog said:
Yeah, nobodies getting a 10x increase in a couple months from normal investing.
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Yea, the "100k" was ill advised on my part. I don't think anyone is going to reach that.


Additionally I think there are only 2 bell ringing gifs on the entire internet and I've now used them both..

ITV91.gif


Have a good day out there.
 
It seems like a market crash would be great for people who do this type of trading daily.

Am I wrong? Long term I can see you wanting a stable market and growth, but this daily shit makes me want volatility.
 
The investopedia simulator seems like it's STILL not active yet. None of my trades have been completed and none of my stock has moved at all.
 
Timedog said:
The investopedia simulator seems like it's STILL not active yet. None of my trades have been completed and none of my stock has moved at all.
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6 minutes will be the 15 minute mark that Investopedia lags.
 
Well, fuck.. my trades are still sitting in pending and any potential gain I would have at market open has been shattered.

Damn it. Fix this shit Guerrilla Games.
 
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