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Stock Simulator Competition.

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Thread replies: 254
Thread images: 37

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Set up a competition so people can "invest" in a stock simulator.

Winner gets bragging rights. To set up go to:

www.investopedia.com

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"

Password: getthefuckoutnormie

All neets, investors and newfags welcome.
>>
>>1063373
If you cannot find the tab, try going directly to:

www.investopedia.com/simulator/
>>
I'm in
>>
>>1063412
It's an annual comp, but if it drags on I'll try to adjust it to a 6 or 3 month thing.

If anyone is having trouble signing up, let me know.
>>
>>1063373
Cool. I might sign up.
>>
Just signed up. Fuck all experience but it sounds fun.
>>
>>1063422

I see. I won't start trading for a few days anyway, on vacation and can't be bothered.

But going for that #1 spot for sure.
>>
what are the terms of the competition? how long does this run for?
>>
>>1063674
Game rules in attached screencap.
>>
I'm down
>>
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rofl
>>
I'm in.
Anyone still on?
>>
>>1065598
Ye I just joined
>>
if someone here breaks 20% im gonna die
>>
That 15 minute wait time between transactions can be fucking murder sometimes
>>
>>1065598

just joined.
>>
>>1063373
neat, semester just started.

just short SDRL
>>
>all in long on oil
>realize this is a dead cat bounce
>not gonna sell out
Crimtione here, it was nice looking down on all you plebs for a short time.
>>
>>1067355
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'm in but i never gave a fuck about stocks and i cba with the tutorials
>>
>>1067365
Hi presea, nice recovery so far
>>
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ITT: The worst stock traders on earth
>>
Second place user
>all inned facebook and ford
Rofl is this 2014? Get with the fucking times.
>>
>>1067381
no such person.

I'll probably be in the last places in the ranking by the end of the day easily
>>
>>1067471
You won't beat me
t. Vishera
>>
Jesus we as a community are losing money not even counting inflation.

At this rate we could possibly to /pol/, at which rate I suggest you all kill yourselves
>>
>>1067606
Lose too*
>>
>>1067606
>>1067619
Is /pol/ holding their own competition?
>>
Can I buy 100% of an index fund and see how it fare against the genius of /biz?
>>
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.
>>
>>1067631
Diversification rule. You can all in 2.2 index funds

Also is inx the s&p500 ticker?
>>
>>1067636
no that's the inx company
>>
>>1067478
>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.
>>
>that guy that bought netflix when their stock is getting hit with a correction.
>>
Joined. Who knows of a good ETF that's leveraged more than 5x?
>>
>>1067660
>500% etf
You can only get that level of returns shorting pran
>>
>>1067606
nigger, it has been 2 days.

relax.
from my part, I'm shorting like a maniac

I'll decide a more short term trading strategy this weekend
>>
I am in - "Sanczez"
>>
Can you buy ETFs? I'm on mobile and can't find the option.
>>
>>1067740
You can just type the ticker
>>
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oh god it was so good for half an hour but it tanked so fucking hard as soon as I got it fuck
>>
newfag in
>>
How the hell do i buy the main s&p
>>
>>1067825
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..
>>
>>1069520

You could use SPY etf or VOO vanguard index fund. There's others as well IVV blackrock ishares etf and more.
>>
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>>1065614

ill see you bitches on monday
>>
I shorted Apple. Come at me bruhs.
>>
Hello. I just joined.

my name is HULk HOgan. I'll see you monday bitches.
>>
im in brahz
>>
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.
>>
>>1063373
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.
>>
>>1063373
Does Yahoo still do their fantasy finance /stocks game?

That was fun for a while.
>>
>>1070321
And congrats to admiral ackbarR & crimtione for killing it this week.

Good luck next week anons.
>>
>>1070324
Not sure anon. Could Google and see?
>>
joined, see you suckers on Monday.

TONIGHT!!!
>>
>>1069547
I'm just hoping to be a little less in the hole when the market stabilizes on Monday
>>
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Who /short seller/ here?
>>
Li Hate,
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.
>>
>>1070801
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.
>>
>>1070808
What do you normally trade? Forex?
>>
>>1070801
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
>>
>>1070808
nah mostly write options.
>>
Strongly tempted to get involved in this.
>>
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Can you name the stocks/symbols by the price?
>>
>>1070801
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
>>
>>1070801
the worst part is i havent sold my shitty ferrari and american airlines stock yet.
>>
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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.
>>
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You guys seriously waste your time investing some playmoney? What the fuck
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>>1071842
Practice makes perfect comrade.
>>
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What's up my /biz/zos
>>
>>1071842
well you can go waste real money if you want.
>>
>>1063373
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.
>>
>>1072368
>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.
>>
>>1072400
Cool thanks. Since the reason is failed volume and it says 10% daily volume on attached I guess it means I need to be under that. Thx much.
>>
i'm losing a lot of money on my twitter short but it is bound to tumble following this short-term hype so i'm holding this position.
>>
>tfw a group of autistic neets beat the s&p500 through sheer will
https://www.youtube.com/watch?v=Y6FDoUJcd4I
>>
>>1072473
>NEETS
>willpower

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.
>>
Is vishera trying to lose as much money as possible?

>J-just as planned
>>
>gard bought two meme stocks
>hasn't sold them yet
>+15% third place
>>
I really want to go long on nestle. They make hot pockets and we have more useless NEETS now than ever before.

Should I, /biz/?

Tyson foods also looks good, yaknow, for the tendies.
>>
/biz/ can you buy forex?
>>
>>1072513
No, equities only. I wish they had stuff like forex, futures, exotic options etc.
>>
>minimum price short: $5
>>
takes ages to process an order jesus christ
>>
alright, 30 minutes till markets close. Who is confident that they made the top 10?
>>
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>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
>>
>>1072773
just ditch losses and put the remaining funds into winners
>>
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set up my portfolio. same as my other paper portfolio with the exception of one stock.

buy. and hold on on for dear life.
>>
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>>1072825
>sell stocks when they decrease in value
Okay, I'll get right on that
>>
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h-hey guys
>>
Godspeed, MortonShreckly!
-TechCom
>>
>>1072878
>that panic UWTI sell

why?
you lost a shitload of money there?

also, who else
>shorting and taking a present beating
here?
>>
>>1072650
i am confident about googl and shorting gpro today wasnt good . btw the ranking cant refresh
>>
>>1073055
It refreshes at over the night
>>
>>1071842
its great thing to educate if you are begginer and have jiggles meme trading and wining
>>
Ganja Gremlin reporting in
>>
>>1072994
Me, shorting cvx on a bet that this is a dead cat bounce. It was ill researched but im just trying to learn anyway.
>>
>>1072994
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.
>>
>>1073081
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 was a good day :^)
>>
Team hedge fund competitions when
>>
>>1074306
Back in the green finally after a disastrous three days up until Friday.

>>1074539
I am genuinely impressed by some of the /biz/ traders. We should take on /pol/
>>
A stock I'm heavily invested in just announced a reverse-split, and has been tanking ever since? Does this mean I'm fucked?
>>
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Today has been a bad day. Bought, now holding. Now holding on....
>>
140th to 9th thank you twitter
>>
Tfw literally in the one percent
>>
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Playing in a different game but eh
>>
>>1074306
same here

>tfw 105th to 7th

Thank you for being awful Chevron and China! :^)
>>
>>1075455
dont forget to sell that at market close

that ETF is a day-by-day return investment
>>
>>1075610
W-why?
I've been holding it for over a week.
>>
>>1075613
really?
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.
>>
>>1075619
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
>>
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>>1075624
>>1075619
Hmm...
>>
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Ayy
>>
>>1075654
muh chicken bowls
>>
>>1075635

>>1073954
>>
>>1075701
Seriously $400 for a burrito stock. Either capital is getting desperate or you claps have let in a lot more Mexicans than I thought.
>>
>>1075724
we have chipotle in uk too, i like it
>>
>>1075724
it's a meme like Facebook, Apple, Google
and Americans love memes
>>
>>1075724
>Either capital is getting desperate

Capital has been getting desperate for quite a while now
>>
looks like today's gonna be another good day boys :^)
>>
we are effectively day-trading

i don't think this strategy would work with an account under $50k due to the sheer amount of commission you pay per trade and the tiny return you'd be getting
>>
>GoPro earnings today

Well at least I have something to laugh at.
>>
>>1076103
it will go straight back down tomorrow so pick up an easy 5% shorting it :^))
>>
>>1063373

why is commission $30
>>
Chickened out and covered all my energy/fracking material stocks

Bad move?
>>
>>1076148
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
>>
>>1076164
Oil in general seems like a bad investment, but at least I was able to make some dime for this game. What's your username? I'm crackworth
>>
>>1076302
jardarlol but my post ID keeps changing in this thread due to a dodgy router
>>
>>1076103
>>1076106
it already happened in after hours trading lol
>>
>>1076337

Down nearly 10% after hours. Retail investors are about to get rustled tomorrow morning when their sell orders 'magically" won't go through.
>>
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Damn you Admiral Ackbar!
>>
>>1063373
>bragging rights
>on /biz/
>where 99 out of 100 threads are Ethereum shilling or "make me rich" shit.


Fuck yourself with a rake OP.
>>
>>1076389
RIGGED
I
G
G
E
D
>>
>>1063373
Joined today, up to $513. When do the rankings update?
>>
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yfw when you sold the last of your 19,000 shares of VHC this morning. oh well. profit is profit.
>>
>>1076474
Overnight anon. You'll see it in the morning.
>>
>>1076493
Thanks. Should have switched my gold holdings to oil, but what can I do?
Oil target is 33.96, gold 1179, oil will hit first.

>>1076486
Rough living, but taking profit was smart. The market only rewards degenerate gambling to a degree.
>>
I'm so fucked tomorrow morning. Oh well.
>>
although i know that in the long run day trading isnt the smartest approach, how is it that i am making so much money doing it with so little risk?
>>
>>1076430
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?

>>1076099
1-2 weeks seems to be my ideal time for placing trades.

>>1075455
Join ours, just mirror the trades. It's what I'm doing.

>>1076430
Just part of the settings. Brokers charge commission. It's intended to add some realism.
>>
So, is everyone just daytrading here or do people have long-term strategies?
>>
>>1077255
yup.
in my humble experience long term investments require proper planning and analysis whereas im just looking at graphs and making bets on what its gonna do.
>>
>>1077255
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
>>
>>1077275
>>1077283

I guess, with the huge amount of money and low broker fee, day trading is the way to go, at least for now.

I'd personally prefer the competition to have much less money and larger fees, so as to make it more about planning and less about daily time allocated to looking at graphs.
>>
>>1077162
>Join ours, just mirror the trades. It's what I'm doing.
I'm actually playing for reals on the marketwatch one. Don't have to load pages to trade, etc.
>>
>>1063373
Second day, just went all cash at $574k.

Don't get too comfy, Ackbar.
>>
shouldve banned leveraged stocks to raise the bar a bit
>>
>>1077465
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.
>>
>>1077468
i can safely say ive done 0 research and made a fuckton of cash from energy etfs
>>
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.
>>
>>1076461
TRAP
R
A
P
>>
>>1077535
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
>>
>>1077535
You're not going to get that with this game, yeah.

>>1077545
Watch your fucking back, Ackbar.
>>
>>1077535
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.
>>
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>>1077545
>>
A little late to the party, but sure.
>>
>>1077699
Started yesterday, I'll finish today in the top 5.

All good breh
>>
My meme stocks have failed me.
>>
i hate how you have to wait 15 minutes after buying something to set a stop just because its considered selling or covering
>>
pretty good day :^)
>>
>>1077784
I'm thinking of buying Netflix for both my simulation and in real life.
>>
>>1078021
Netflix and chill bb?
>>
>>1078033
Why not, I own Exxon stock but don't even have a car. I pirate so much stuff and don't need Netflix, so I should buy the stock.
>>
how long is this going to go on for?
starting a new job soon so I won't have time to win this thing
>>
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>>1063373
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.
>>
Am I stuck in the NYSE?

Do I have access to foreign markets??
>>
>>1078766
believe me you're better off in nyse
you aren't stuck you're lucky you aren't restricted to a foreign market
>>
>>1078774

I want those sweet QE markets.
>>
>>1078759
vikings was a pretty damn good show desu

rape and pillaging oh god
>>
>>1063373
I placed an order for market open and it still hasen't filled.

whattafuck?
>>
>>1078857
if you read when you place an order before the market opens, there's a delay of about 20 minutes but your order will still fill at market price
>>
>>1078861
Word thanks where would I read that?
>>
>>1078857
just leave it til 10am ET and it will be there
>>
>>1078862
i think its on the page when you confirm the trade before the market is open. i think it's to simulate low volume or something
>>
I'm in
>>
Is there a way I can quit and rejoin? A stock I owned just did a 1-5 reverse split, but the simulator did that twice, making my 100K shares, 4K, and as a result I'm out about $150K.
>>
>>1079206
just make it back?
why not just set a stop loss
>>
>>1079215
This early on, I don't see a need too.
>why not just set a stop loss
While the prices have gone down, the simulator stole 80% of my shares, so that wouldn't have done anything.
>>
>>1079206
make a new account

or try to lose as much money as possible yolo
>>
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>>1063373
so is this like the autistic doing-it-for-free meme-spouting version of quantopian?
>>
>>1079363

Minus the hedge fund part, yeah. Just a bunch of /biz/nessmen talking shit and trying not to lose their meme money.

AdmiralAckbar is kill right now.
>>
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.
>>
>>1079731
Learning to trade I mean, as opposed to just long-term buy and hold investing.
>>
>>1063373
So, the person that loses the least amount of money wins?
>>
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I just shorted and made 120k off LNKD in 2 hours.
guess im winning /biz
>>
>>1079935
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
>>
>>1079935
Admiral,

Do you do this in real life?

TechCom
>>
INSANUS here

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
>>
>>1063373
End of week statistics.

Congrats to Vishera for clawing his portfolio back from the jaws of death last week.
>>
>>1080884
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
>>
Hey /biz/

Normie here

How accurate to the actual market are sites like these?

Thanks in advance
>>
>>1080853
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/
>>
>>1081070
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.
>>
>>1081158
Yeah well I can't blame you. In the real world leveraging should only be used for a portion of your investments anyway.
>>
>>1080884
let's get some clients to invest in us but don't tell them our strategy cos it's a secret :^)
>>
>>1080884
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
>>
>>1082778
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.
>>
>>1082778
>>1082788

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.
>>
good luck today friends :^)
>>
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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.
>>
>>1083060
you won the game
>>
>>1083060
>what should I do now?
loose all your imaginary money
>>
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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
>>
lost 10k because i had to go take a shit and my stops were too generous

a-am i fired
>>
Wow, it's almost like 80% of a portfolio shouldn't be oil related.

Thank you for the lesson /biz/.

I promise to never make a meme portfolio is bullshit games again.
>>
>>1083575
care to explain your logic?
Because I sure as shit dont.
>>
Gave back last week's gains. It's almost like this market is shorting and options only for now. Alright then market. Have it your way.
>>
Who /lowrisk/ here? I'm in it for the long term while most of you dump all your cash into a few volatile stocks. Good luck with that, lads.
>>
>>1083636
thats pretty much what I've been doing since the beginning.
I've been doing pretty well, even though I could take a bit more risk.
>>
>>1081070
if its not made by actual broker who want you to put your money it is accurate 100%
>>
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>>1083634
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
>>
>>1083652
Same. The only stock I bought was X because of its union deal. Made a little cash and got out. Everything else has been shorting. If this isn't a bear market I don't know what is.
>>
as of today, admiral ackbarR's annualized return = 35,431,532,780.03 %

>meanwhile my buy and hold strategy is causing me more pain that I thought a paper account could cause
>>
>>1083711
>buy and hold
>in a 1 year challenge
>with this market

kek
>>
>>1082788
>>1082883
cheers for the advice guys. i'll read up more on options trading and waste some of my own money on YOLO bets
>>
>>1083655

oil is going to tank this week
>>
>>1084365
By the way.. with options (and derivatives in general) you need to factor in potential counterparty risk, right?

So the risk of the other party breaking the contract.
>>
OK SERIOUSLY WHAT THE FUCK. WHAT KIND OF GYPSY CURSE HAS STRUCK MY SHORTS? WHY THE SHIT AM I LOSING 3K WHEN IM ONLY MEANT TO LOSE 2K? GAMES FUCKING RIGGED AGAINST ME I SWEAR.
>>
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>>1085643
Forgot pic
>>
>>1085645
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.
>>
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>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
>>
>>1085837
Famous last words. Also you know the profiles are public right? Your AMD and LL losses are on the very first page.
>>
>>1085990
Meant my portfolio never took a loss.
>>
I swear to god, I cant use options for shit.

Lost a ton of money because of it.
fml
>>
Why are none of my trades going through? I started just putting them in at market wtf
>>
>>1086122
You realize the market is closed right now right? Like the app even tells you they wont be filled until the market opens.
>>
>>1086139
It's been a week since I entered them
>>
>>1086161
if you swipe right, go to order history, then tap on the order it should say what it's waiting on under order status.
>>
>>1086170
Ignore me, i'm retarded apparently and thought this was the robinhood thread. My apologies. This does seem to be rather buggy, it didn't seem to take my stop loss either.
>>
>>1063373
Im in get ready to witness greatness boys, also is there going to be a daily thread or something to compare stats?
>>
>>1085105
shit, i did not consider this. surely there must be ways to mitigate this risk
>>
i'm finding it difficult to understand options so for now i'm steering clear

i feel like if we couldnt short, this would be a LOT harder
>>
>>1086511
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.
>>
tfw #1
>>
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Joined yesterday I'm a complete new fag invested in petrol companies. How do you guys find stock to invest in?
>>
>>1072861
how's holding losing positions working for you then?

when you're taking a loss you cut it and add the money to your winning positions or there's a real slippery slope
>>
>tfw Yellen magic rally faded before I could sell
>>
tfw millionaire
>>
>>1086595
>investing
Holy fuck do you like to lose money? Short EVERYTHING
>>
genuinly don't understand how you can lose money on this
>>
>>1086187
Yeah, you're in it, retard
>>
>>1086859
was there a rally?
I only saw the markets autistically pretending like nothing is happening, clinging to dear life for positive news.
>>
>>1085654
Did we get an answer for this? Happening to me too. Is the game adjusting for margin or something?
>>
>>1085654
>>1088025

Can you two screencap this? Impossible to troubleshoot without more info.

There are margin fees. There are commission fees. And so on.

>>1087675
Equities futures are down overnight. It's gonna be a rough open.
>>
>>1087675
Ye Dow added like 180 points at some point but it all went down hill after that
>>
>>1086595
dude, dont buy oil, its only going to go lower and there's going to be a lot of bankruptcies
>>
>>1088597
Yeah I figured it out, it's 2% of the sale because margin. You have to add that on when you cover.
>>
gg easy
>>
there's no more point in playing...i'm so far ahead it's like noone else is actually playing wtf
>>
>>1090741
fuck off ur trash m8 im gonna catch u
>>
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I'm going to beat all you faggots.
>>1090741
I am.
>>
>>1090989
it's already at 1.45 enjoy faggot
>>
>>1091082
Oh? Good thing I got out on a limit sale at 1.55. The resistance around 1.53 was too solid for my tastes.
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