The HL Investment Challenge

[Tech Geek Deluxe]

Should have a sticky with it that gives basic trading concepts. So at least when they do the proverbial "fry the chip" by not following good investment management and protocols, they have at least been told basic skills of moderate trading behavior.

Otherwise people train themselves to have bad habits and establish their likelihood of loosing in the future.

[gvblake22]

What are those "Sell Short" and such type buys and sells that you are going Tech Geek?

[Hitman]

Damn it, they blocked the website at work. What the hell am I going to do at work now? WTF!!

[Tech Geek Deluxe]

First ... limit orders are the best way to make trades. [A set amount versus the current amount]
The rare exception being that you know something is going up [or down... Enron ...] and are willing to pay "market."

Selling short is ... selling what you don't have ... believing it will go down where you can buy it cheaper at a later time.

Even with delayed quotes and bad charting ... at about 9:AM Pacific ... [Lunchtime in New York] ... stocks that have had a strong run up in the early trading hours ... they show as being "over bought" ... and often decline a bit ... especially when lotsa people are at lunch.

I simply sold short a lot of positions and "day-traded" based on positions being overbought and having a trend on the MACD showing they might slow down or go back down a bit.

[Reloadron]

Originally Posted by Capper

Actually, i got pissed at the game about a month ago....it didn't post like three trades in a row that would have taken me from about $8K to $12K....so i intentionally bought a stock after a big warning came out on the company.

I'd like to make this a regular contest though....maybe every six months we restart the count or something.

I originally set it up for 6 months so when this runs out and the mega millions prizes are awarded we can start a new contest. Overall it has netted plenty of interest.

Ron

[screwballl]

Originally Posted by Reloadron

I originally set it up for 6 months so when this runs out and the mega millions prizes are awarded we can start a new contest. Overall it has netted plenty of interest.

Ron

it started with plenty but there are only a few actually doing anything on it now.. started with some interest and ended with 2 people trading... not very successful if you ask me...

[WhiteEagle]

I'm still making a trade every so often. The only problem is by the time I get on it, it is usually almost closed.

[Reloadron]

Originally Posted by screwballl

it started with plenty but there are only a few actually doing anything on it now.. started with some interest and ended with 2 people trading... not very successful if you ask me...

Then spare yourself the next round. That or come up with something more amusing?

I tried sitting on something that went nothing but down. I figured (very wrong figuring) on that move. The idea is not to buy/sell on a daily basis.

Ron

[Capper]

Several people have participated, and had fun.....hence its the most popular thread on HL....if you aren't interested, you don't have to comment, or participate.

[Tech Geek Deluxe]

Trading can be a lot of fun ... when everyone is doing well ... problem is ... either you are part of a consortium with good info and are doing well with a lot of other folks ... or you are teamed up with people who are learning new strategies and doing well together ... or you have researched and studied and have the experience to do well.

The key is ... doing well ... it doesn't happen very often by chance or accident.

Best system out now is "Woodies CCI" ... at least most conservatively proven.
I use it as one of my indicators ... to show acceleration and trend change.