MakeYouGoHmm Virtual Stock Exchange Week #6: 189 days left |
Loading ...As week #7 of the 2006 MakeYouGoHmm Virtual Stock Exchange gets off to a new start, Gatsby who stopped in to talk some smack last week (”I’m going to settle tihs once and for all.”) entered into another series of quick flip trades to edge out leader stockzilla. He’s got $133,894.95 with 33 transactions and an overall return of +33.89% (nice!).
What happens when stockzilla wakes up again and gets more serious? Also, an impressive run by a market newcomer Lestat who rolls in at an impressive #3 on the leaderboard. SlickRick who has been one of the most consistent contenders starts this week in the #4 position.
Want to play?
Still plenty of time left to get in on this game, so join and play — it’s fun, free and what have you got to lose besides virtual money? Everybody starts with $100,000 virtual dollars. Can you take down Gatsby’s three weeks at #1 in a row spot?
We picked up six new players this last week, but actually dropped to #15 (from #12) of 1,198 overall in all MarketWatch games. Tell your friends and family to join our game.
Hope all players having a positive gain this week.
It’s impressive stockzilla is able to make 15% return with only 4 transection. Had we started out with a more realistic amount, let’s say 10,000 max, or a few thousands, the commission fee alone would’ve draged me down. If you have a positive return then you can comfort yourself in that the vast majority of people who get into stocks lose money. I don’t know how that’s possible, since the chances of price going up or down is 50-50, if you just bought randomly you shouldn’t've lost. But some human factor made sure that people buy high sell low. Have fun all and contribute your exprience in this forum please.
Comment by Gatsby — June 27, 2006 @ 9:22 am PST
Furthermore, this game’s actually very different from real life. there are far more regulations and complications in the stock market, differenct restrictions apply to people with different style ie day traders must have 25000; and don’t even get started on how inaccurat short selling is, where’s the rent? the margin call?
Comment by Gatsby — June 27, 2006 @ 1:26 pm PST
If you were to design a more authentic VSE, what features would you include, Gatsby?
Comment by TDavid — June 27, 2006 @ 2:24 pm PST
Notice how i only short sell? one has to pay a ‘rent’ to short shell, yet i didn’t pay any rent at all. And there’s no limit to how much money you can lose. I would add a feature that would force you to sell your stocks before a certain loss, but since that margin varies greatly in real life depending on the particular broker, it’s somewhat impractical to achieve. Due to the high risk of day trading, no one should day trade with a porfolio of less than 25000, which is against regulations in real life.
If stockzilla wakes up again, i’ll show him my tuition bill and he’ll pass out in no time.
Comment by Gastby — June 27, 2006 @ 10:43 pm PST