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The Off-Topic investing challenge!

Discussion in 'Off-Topic' started by Hygro, Jul 27, 2011.

  1. Truthy

    Truthy Chatbot

    Joined:
    Oct 9, 2010
    Messages:
    2,200
    Thanks. What about the rankings? I'd post picture of the rankings for me but this is all Im getting from the site right now:

     

    Attached Files:

  2. classical_hero

    classical_hero In whom I trust

    Joined:
    Jan 30, 2003
    Messages:
    33,262
    Location:
    Perth,Western Australia
    They get updated after each session, so be patient.
     
  3. IglooDame

    IglooDame Enforcing Rule 34 Retired Moderator Supporter

    Joined:
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    Arrrgh. I set a limit order on EXTR for a buy share price of $2.50. It's low today: $2.51, and it looks like it's heading back upward. :sad:
     
  4. Mise

    Mise isle of lucy

    Joined:
    Apr 13, 2004
    Messages:
    28,623
    Location:
    London, UK
    I have no idea what anyone's saying anymore.
     
  5. IglooDame

    IglooDame Enforcing Rule 34 Retired Moderator Supporter

    Joined:
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    Oh jeez, my terminology is confusing someone? :lol: I thought I was the noobiest noob here.

    A limit order specifies a stock price that has to be hit before the order is executed - for a buy, it has to go down to a certain price, and for a sell it has to go up to a certain price. Since EXTR hasn't gone down to/below the $2.50 price I specified, the purchase order I submitted has not executed.
     
  6. amadeus

    amadeus Techbrophobe

    Joined:
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    Osaka (大阪)
    It's quite simple, really. I just put in a market level order for some more sub-options. I'm going to turn those around later in the week by executing a flux trade with an option to roll.
     
  7. Mise

    Mise isle of lucy

    Joined:
    Apr 13, 2004
    Messages:
    28,623
    Location:
    London, UK
    Ahh! Makes sense now, thanks!

    Have you considered a career as a financial advisor?
     
  8. Elrohir

    Elrohir RELATIONAL VALORIZATION

    Joined:
    Nov 22, 2004
    Messages:
    12,507
    I joined the game, yesterday, I think. (My screenname is MreThimb.) Still playing around with the game mechanics a bit. I'm holding a big chunk of cash now, have a decent amount in what I think are solid long term stocks, and then some in stuff I'm planning on selling sooner rather than later. We'll see how it pans out. I know virtually nothing about the stock market, and I am definitely acting differently than if this were real money -- this is basically just for bragging rights, so I might as well gamble a bit. (If I had 250k to invest, I'd probably just stick it in some decent mutual funds and leave it alone for the next 40 years.)
     
  9. amadeus

    amadeus Techbrophobe

    Joined:
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    Huh? I just made all those things up. :lol:
     
  10. Mise

    Mise isle of lucy

    Joined:
    Apr 13, 2004
    Messages:
    28,623
    Location:
    London, UK
    I know.
     
  11. amadeus

    amadeus Techbrophobe

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    Ah. So I'd be more of a Madoff & Associates adviser, then...
     
  12. Whomp

    Whomp Keep Calm and Carry On Retired Moderator

    Joined:
    Dec 17, 2004
    Messages:
    18,200
    Location:
    Chicago
    You're welcome. :)
    Options are pretty complicated business. The key thing to remember is they're highly leveraged to the investment they're connected to. When you can only buy puts or calls (vs. selling them where you receive money) then time is not on your side. Options decay more rapidly the closer they get to expiration date. Expiration is the 3rd Friday of the month so August options will expire on the 19th.

    Regarding the dead cat bounce, today was the epitome of dead cat bounce.

    I have nothing to hide so here's my first day of trading...

    I crushed it in early trading by buying
    FXF (Swiss Francs) @$133.45 (still long)
    MSK (Morgan Stanley preferred stock) @$19.83 and flipped it at $21.50.
    HSBC-B(HSBC preferred B stock) @$16.75 and legged out at $19.59, $20.01 and $20.15.
    Nice trades since there's no reason why preferred's like this should've been obliterated yesterday. I was up 10% until...I got run over by a uptrend freight train. I thought the market was going to reverse course and it did for a little bit but ultimately I done got run over.

    I shorted a pile of IWM (Russell 2000 or mid cap stocks) at $66.65 and it closed at $69.46. Ow. Still short but may have to hedge it tomorrow if we rally early.

    I bought a pile of VXX (short term volatility index) at $33.96 and it closed at $31.26.
    I then shorted an equivalent amount of VXZ (mid term volatility index) at $56.40 and it closed at $54.65. The idea on this trade is short term volatility will pick up in the short run and I'll unwind my VXX. Eventually volatility will be reduced and I'll unwind the short.

    Up 3.7% at the end of the day.
     
  13. Theige

    Theige American Baron

    Joined:
    Nov 17, 2002
    Messages:
    3,935
    Location:
    New York
    My big trade was 82 August puts of LinkedIn at $97.50, which closed up something like 109% yesterday. I'd never traded puts before though... apparentley that was way too many :mischief:, and I had a margin call.

    I managed to sell half of them about lunchtime, only being allowed to sell 41 cause of volume restrictions.... then the site was giving me lots of trouble, got a few error messages, the price would move but it kept telling me there wasn't enough volume for me to trade any at all, and I wasn't able to close out my position. I still own 41 of the puts, which are now up 50% from where I bought them.
     
  14. classical_hero

    classical_hero In whom I trust

    Joined:
    Jan 30, 2003
    Messages:
    33,262
    Location:
    Perth,Western Australia
    I have 2 stocks out of ten are making me a profit and One I bought only yesterday, so that one is a given, so only one company has risen from my early purchases. So my average losses are about 10% on the companies that are down.
     
  15. Ziggy Stardust

    Ziggy Stardust Absolutely Sane

    Joined:
    Nov 23, 2005
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    25,518
    Location:
    High above the ice
    Thank Dionysus for that. It's all Greek to me as well.
     
  16. Mise

    Mise isle of lucy

    Joined:
    Apr 13, 2004
    Messages:
    28,623
    Location:
    London, UK
    I've heard that [wiki]The Greeks[/wiki] are important somehow.
     
  17. Ziggy Stardust

    Ziggy Stardust Absolutely Sane

    Joined:
    Nov 23, 2005
    Messages:
    25,518
    Location:
    High above the ice
    :lol:

    Boy, that was unintentional.
     
  18. IglooDame

    IglooDame Enforcing Rule 34 Retired Moderator Supporter

    Joined:
    Oct 2, 2003
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    22,637
    Gender:
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    Location:
    Igloo, New Hampshire
    "Following rankings are as on 8/9/2011 8:34:21 PM"

    Code:
    CurrentRank 	Previousrank 	Account Value 	Today’s change 	Overall%
    1. amadeuscfc  		3 	$284,857.82 	+$30,823.00 	+13.94%
    2. Theige  		1 	$279,645.13 	-$39,786.38 	+11.86%
    3. pob_  		2 	$276,526.36 	+$15,121.46 	+10.61%
    4. Whomper  			$259,244.81 	$0.00	 	+3.70%
    5. goodgame  		16 	$251,274.59 	+$2,369.57 	+0.51%
    6. DerrickCB  			$251,183.54 	$0.00 		+0.47%
    7. Skwink  		4 	$250,227.85 	+$187.73 	+0.09%
    8. mythmonster2  	15 	$250,213.01 	+$385.00 	+0.09%
    9. jtb112795  			$250,005.26 	$0.00 		0.00%
    10. EnglishCrusader  	9 	$250,000.00 	$0.00 		0.00%
    11. bhsup  		8 	$250,000.00 	$0.00 		0.00%
    12. SRaina  		10 	$250,000.00 	$0.00 		0.00%
    13. Kan_Sharuminar  	6 	$250,000.00 	$0.00 		0.00%
    14. akkon888  		11 	$250,000.00 	$0.00 		0.00%
    15. Patroklos  		5 	$250,000.00 	$0.00 		0.00%
    16. Tkangaru  		14 	$250,000.00 	$0.00 		0.00%
    17. loppantorkel  	12 	$250,000.00 	$0.00 		0.00%
    18. Gogf  		13 	$250,000.00 	$0.00 		0.00%
    19. ludditeRB  		7 	$250,000.00 	$0.00 		0.00%
    20. Matt0088  			$250,000.00 	$0.00 		0.00%
    21. MreThimb  		18 	$249,665.46 	+$3,005.44 	-0.13%
    22. SilurianC  		17 	$248,863.03 	+$1,517.00 	-0.45%
    23. Algeroth  		21 	$247,931.65 	+$6,738.55 	-0.83%
    24. azzaman333  	22 	$247,486.23 	+$11,800.80 	-1.01%
    25. TaniciusFox  	20 	$246,848.09 	+$4,410.01 	-1.26%
    26. anw  		23 	$241,942.02 	+$8,127.00 	-3.22%
    27. really  		27 	$236,452.62 	+$10,492.20 	-5.42%
    28. Joecoolyo  		25 	$236,066.47 	+$5,719.23 	-5.57%
    29. Rashiminos  	19 	$234,939.44 	-$9,680.96 	-6.02%
    30. Zelig  		24 	$233,250.35 	$0.00 		-6.70%
    31. IglooDude 		29 	$232,347.95 	+$12,335.93 	-7.06%
    32. lucyduke  		26 	$231,065.16 	+$719.23 	-7.57%
    33. Godwynn  		31 	$230,825.16 	+$16,530.00 	-7.67%
    34. classical_hero  	28 	$230,693.30 	+$10,530.01 	-7.72%
    35. Mise  		30 	$225,177.90 	+$9,288.00 	-9.93%
    36. Hygro  		32 	$211,890.43 	+$9,708.04 	-15.24%
    37. druidravi  		33 	$208,183.86 	+$21,379.42 	-16.73%
    Edit: Going forward I'll probably start deleting the folks from this list that have been in for at least a day but haven't yet done anything, for the sake of making the scroll bar go away.
     
  19. jtb1127

    jtb1127 Deity

    Joined:
    Jan 9, 2011
    Messages:
    2,498
    Location:
    Arlington, Virginia
    Yes! The value of my portfolio has increased by $5.26!
     
  20. druidravi

    druidravi King

    Joined:
    May 30, 2005
    Messages:
    871
    Location:
    Spirit World
    Now if someone can explain me what a margin call is and what I have to do since I got it a day back . Will it go away if the value of my portfolio rises?
     

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