Set up a competition so people can "invest" in a stock simulator.
Winner gets bragging rights. To set up go to:
Create an account (will need email). Find the "Stock Simulator" tab, should be in the bar at the top on the far right.
Find the competition "Biz Annual"
All neets, investors and newfags welcome.
Game rules in attached screencap.
the fuck were you expecting?
> it was nice looking down on all you plebs for a short time
hope you had fun being number 1 for literally 2 days
you do know that there are 365 days in a year right?
I'd join in but I'm already in my own game but only trading with 25k, to keep it realistic for myself. I'm also fairly deep in the hole after recent events and learning how to recover.
I would say that I seem to have some great beginners luck with options. I've only opened a couple of puts and a call but I've hit each one perfectly and done quite well with them.
>check out your profile stats
>projected annual income: -100%
My fucking sides.
Also i feel you on the uso short, but ive got no clue when saudi arabia is gonna stomp overpumping and by the time they do uso still may be over valued die to normie investing speeds, and then itll rise due to supply demand.
oh god it was so good for half an hour but it tanked so fucking hard as soon as I got it fuck
MortonShreckly here. Done fucked up good last 2 days. Thanks for nothin' BoJ. Kek my shit up senpai.
Ah well I'll recover my losses next week.
Still up in the other portfolio over 14 days..
Just put all 500k in inverse leveraged etf's and get "rich" when oil prices take another shit monday morning. Then sell before close that evening and reinvest in regular leveraged etf's for the rebound.
Also, A bunch of NEETs and newfags haven't placed any trades yet. Get those trades in /biz/raelis.
Even if you lose overall, no risk assumed = no learning from mistakes. Even Vishera with his -100% portfolio return per annum is on superior ground to you right now.
I tinkered with a few settings:
Margin Interest 2%
Cash Interest 3%
Allow Portfolio Viewing: No
No portfolio viewing to stop NEETs from trying to copy each other's trades.
Can't write options, can't use futures. Must use expensive etfs to hedge. I can see why most people don't make money with the stock market. jesus.
No leverage and and inferior hedging.
It'll be interesting to try and make money with my hands tied.
I was generally short toward the end of last week. Hence the losses.
Didn't factor in the BoJ going full retard and sending capital fleeing Japan and seeking yield everywhere. Much stronger than expected close on Friday.
I'm still holding a bunch of sqqq and stuff (about 10% of my portfolio or around 10 - at least it was around 10k)
I'm gonna let it take a beating until mid feb on the off chance that we do hit a recession
literally all of my portfolio is short positions right now.
Feeling quite confident if you ask me.
Even though this first days were just me taking a beating, but whatever. Fuck Kuroda
I'm here in. :D First time Stock dealer but I have a basic understanding. I know that diversity is key but do not be too diverse. The higher the return percentage, the better it is for me.
You guys seriously waste your time investing some playmoney? What the fuck
Hey quick question about how the simulator determines volume if you know. All my limit buys failed this morning but it let me place them yesterday. Is there a certain percentage of the float I need to go under? Thanks mang. Or anyone else who knows or has done one of these before I guess.
>Hey quick question about how the simulator determines volume if you know. All my limit buys failed this morning but it let me place them yesterday. Is there a certain percentage of the float I need to go under? Thanks mang. Or anyone else who knows or has done one of these before I guess.
Anon go to:
Trade>Failed Trades tab (top right). See why they failed. Reattached game rules for you to troubleshoot based on what it says.
We will play hard for two weeks, lose a shitton of money and if we make any progress it will because we abandoned some winning horses that we would have aborted if we could stomach the shame of looking at our failed portfolios.
>that USO drop
Fuck me up, senpai... The USO dropping is killing me. Most of my other investments are already going up though, so the loss is pretty minimal. Hopefully it'll go back up and I can still make a profit off of it
set up my portfolio. same as my other paper portfolio with the exception of one stock.
buy. and hold on on for dear life.
>sell stocks when they decrease in value
Okay, I'll get right on that
It wasn't a panic sell, I just never should I tried my luck. I bought at 2.60 and it immediately dropped 14 cents after that. As for the shorts this is my first time using them so I'm just trying to get a hang of it.
I'm shorting CVX too, both in Put Options and actual shorts.
Made some nice money with my Put Options.
Still expecting an even bigger fall, and I've went into fuckit territory and actually put a big risky Put on CVX that is bound to yield a hefty profit if it works out. It just needs to happen this week.
Such is life in virtual portfolios
Today has been a bad day. Bought, now holding. Now holding on....
well, I good for you.
Still be careful.
From the ETF page:
>These leveraged ETFs seek a return that is +300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.
basically, If I understand it well, you're bound to get smaller returns over time with that ETF.
On the long run you may very well end up getting negative even if the S&P 500 is tanking
Someone correct me if I'm wrong
tl.dr: If I where you I would sell that and collect the gains, and rebuy it if you feel confident, or reinvest it in another short ETF or whatever
couldve just set a sensible stop and left it to chance.
I got stopped out today on it and im just choosing not to participate until i have a good idea of which way things are going to go
yfw when you sold the last of your 19,000 shares of VHC this morning. oh well. profit is profit.
The thing about cretins is they tend to be the loudest people in the room.
There are some good investors here. The rankings will show it. If you're running a live portfolio, placing the same trades on a play account isn't hard.
If you're a cashless NEET you get to learn rather than post "how do i get rich quick" threads.
I don't see the problem here? Are you losing or something?
1-2 weeks seems to be my ideal time for placing trades.
Join ours, just mirror the trades. It's what I'm doing.
Just part of the settings. Brokers charge commission. It's intended to add some realism.
I have a long-term strategy. (kinda)
More like a mid-term strategy.
Depending how this bear market evolves, I'll delineate a complete strategy.
I mean, thats the only way I see myself making any decent money day-trading on this current market, by going long for the year
Would've just encouraged degenerate gambling in small cap bio and tech. With leveraged products you're at least encouraged to do some research into the macro view.
SEC is going to ban them before the end of the game anyway. MLPL is already gone.
Don't want to see artificial restrictions. We're already missing real tools that are available in real markets.
If anything I want to see and learn more of how to go about making money in the markets no matter how it's done. The trouble is that when it's not for real people take much bigger risks than they would if it was their own real money. That's the beauty of something like robinhood. You're playing with real money and that helps focus things a lot more.
I definitely want to see more people explaining what they're doing. How they're hedging etc etc. That's what I'm sure what we all want to see more. How to actually manage risk properly.
I actually spoke to a hedge fund manager a couple of weeks ago and he told me people don't really hedge anymore.
A couple of risk management/hedging methods you might use in a real portfolio would be:
-calculate correlation of your stocks: you don't want to lose money on all your stocks when one goes down. this can be done in excel and it's a pain in the ass to do.
-learn about hedging stocks by finding out their beta or calculating it then creating a spread trade using beta hedging
then some obvious things:
-set a stop loss
-don't actually buy in unless you've seen a trend of positive price action over a set period
this stuff may seem really obvious but i think once you know the basics you just learn the rest on your own
Agree with >>1077567 that it's about the basics. Learn to set your stops nice and tight once you buy, before you buy find the lows and limit buy, watch the volume and adjust accordingly. Another big one you learn is cash management. You should always look at your buying power, whatever it is, and then knock 33.3 percent or so off that. That's your actual buying power. Divide that by the price point your looking to get in at and that's your max buy.
It's the little things first basically. After that, it's just paying attention and always be learning etc.
I'm in and I'll give it a go. Never done anything like this so I'm going through the investopedia stock introduction.
I'm surprised this board doesn't have a sticky with some resources for learning this stuff though.
so is this like the autistic doing-it-for-free meme-spouting version of quantopian?
Hey for those just starting out/using this to learn, not LOSING money on a day when everything's mostly down is an accomplishment too. No one told me that when I first started out and I wish they had. You can ball out of control when it's green but steer the ship steady through the red.
I just shorted and made 120k off LNKD in 2 hours.
guess im winning /biz
it feels like im cheating because the stock market is ahead of our game so you can get away with making easy money by just looking at what the stock is doing.
That said, i should be winning but i slacked yesterday and watched netflix instead of paying attention to my stocks
i've no fucking idea what im doing so just enjoyin being near the top for a few days out of sheer luck although i cant be fucked watching the market anymore so I'm just gonna yolo the whole fucking lot adios
End of week statistics.
Congrats to Vishera for clawing his portfolio back from the jaws of death last week.
NB: S&P500 average market return is time lagged- was last month (End. Dec to end Jan.) Will update to reflect this month at month end as a more realistic indicator.
So far, with an average porfolio return of 16.39%, /biz/ is actually proving itself to be decent at investment. Though admittedly much is due to ackbarR
I don't have enough money to pull these kind of trades in real life. I'm only trading with $8000 of my own money but my trades are non-risky trades.
But with $500k of paper money, I get to make extreme calculated yolo trades.
I take a lot of ideas and speculate yolos from /r/wallstreetbets/
How do you mean? They're real prices, just delayed 15 mins. The liquidity can be a bit touch and go at times but that's because the game is corrected for 10% volume to simulate real life. It's mostly realistic.
ayy fucking lmao i forgot i bought LNKD puts earlier in the week and I'm up 70k...
so I'm basically a beginner with trading and such, but would it be possible to recreate this irl? as in spending $2-3k on a put/call and then guessing right and having these kinds of returns (10x)? i have quite some money that I'm fine with losing btw
Yes, it's possible in the same way putting that money on 13 black at a casino roulette table can have incredible returns. That kind of jump comes from big announcements and how people interpret them. What sounds like a great thing might get read as horrible and vice versa, you're counting on other humans to do what you expect them to do. Not even splits are safe because sometimes a report comes out and it goes completely unnoticed.
TLDR: You got lucky, even if it was foreseeable.
The other thing people don't factor in, which is a huge issue, is controlling emotions with real live money.
It's easy to take ridiculous gambles when your stake is effectively zero.
As a technical tool, this will help but good luck trading live cash. You'll live and die 1000 times in a week based on your trades. Very few people have the stomach, or balls to do it successfully.
In other news: I've been slacking on this. Got caught up in another project. I think I placed like 3 buy orders and 3 sells last week. Need to sort that out before today's open.
Never done anything like this before. Just made an account and stuff, what should I do now?
I was expecting to see graphs and stuff like on youtube that I could learn my way around but I suppose I was wrong.
Started today at around 2:00 PM late into the trading day.
Bought some FB, SPY, SPXL, and went heavy long on OIL
Bought puts on oil to hedge if they go into the dumpster
Shorted VXX, UVXY because why not and yolo on SPY calls
lets hope tomorrow I will see massive gains
Was hoping there would be a catalyst to explode the SPY to go up either today or tomorrow.
Somehow AAPL today shot the fuck up 93.50 to 95.50 in one hour and dragged the entire S&P 500 with it.
I planned to buy SPY and shorted VXX,UVXY hoping for a rise on Tuesday but it came early today
I made some small gains on betting on S&P 500 and will going to hold for a few more days to shill out some more shekels
also the tech sector looked like it was rising so I bought some FB calls and the stocks as well
my plan for tomorrow is to dump all of my SPY calls and SPY, cover VXX,UVXY and hold oil for the week.
expected to earn about +100k tomorrow if all goes according
Also, once I short something, it instantly makes me lose money, even if the stock itself goes down. For example I started shorting Deutsche bank today which made $480 profit, yet in the total change, it's actually LOST $1650. Why? I only traded it one day so it can't be previous losses.
>now in the top 10
When my short stops are triggered I'll be in the top 5, watch me lads
>mfw never took a loss in this entire game
Im in get ready to witness greatness boys, also is there going to be a daily thread or something to compare stats?
This risk doesn't exist on the simulator but in real life it is a real risk.
Clearing houses and so on are used to reduce the risk for some derivatives, like futures. if you take out an over the counter contract with a bank or whatever then your only recourse would be the legal system if they refused to pay up.
Joined yesterday I'm a complete new fag invested in petrol companies. How do you guys find stock to invest in?