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DDO Stock Trading $1M

Wallstreetatheist
Posts: 7,132
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12/20/2012 4:13:05 PM
Posted: 3 years ago
Please join the DDO Stock Trading Game! [http://tinyurl.com...] The password is "DDOisfun!" without quotes. You are given $1,000,000 to invest however you choose. The game starts Friday, December, 21 2012 and will most likely end before the scheduled time, so whoever has the best return by Friday, January 25th, 2013 will be declared the winner.

If you have any questions on the types of trades, execution timing, market hours, industries, or any basic stuff I'll help out; if you ask me to provide strategic risk analysis of your foreign technology stock portfolio, I won't help out.

--------------------------------------------------------------------------------------

Best website for charts: http://www.google.com... After typing in a company's symbol, click the Large Chart button in the top right and then scale the time to one day to get a sweet chart.

Buy low, sell high; short high, cover low.

The stop loss order is designed to limit an investor's loss. Setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%. So, on a stock that costs $10 a share, I'd set the stop loss price at $9.00 if I wanted to cut my losses at that point. The benefit of a stop loss is that you don't have to constantly monitor all of your stocks throughout the day to be aware of losses, so with that order in place it decreases your stress level :)

The commission level is set to $10. That means that every trade (buy, sell, short, cover) you execute has a transaction cost of $10, which disincentives hyperactive trading. If you trade 100 times, you lose $1,000 dollars not including any losses you may sustain.

Market opens at 9:30 and closes at 4:00 EST. Intraday trading isn't allowed in this game.

Note: Don't feel bad if you lose money during this stock market game. The stock market is manipulated by thousands of idiotic active speculators with gambling personalities, the Fed, bizarre reactions to every news story and analyst report, et al. Most of the stocks you'll purchase will not resolve their long-term values during the duration of the game. Don't take it personally and don't think that whoever is in 1st place is an investing genius. Short-term, ignorant investing is essentially a slightly more sophisticated version of gambling. With that said, MouthWash completely fails as a Jew. [Source: http://tinyurl.com...]

These three charts should give you a hint as to where the market is headed in the following years: [1. http://tinyurl.com...], [2. http://tinyurl.com...], [3. http://tinyurl.com...]

I wish all of you good luck and happy trading :)
DRUG HARM: http://imgur.com...
Primal Diet. Lifting. Reading. Psychedelics. Cold-Approach Pickup. Music.
Contra
Posts: 3,941
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12/20/2012 4:22:15 PM
Posted: 3 years ago
IT WILL NOT LET ME JOIN!! AGh!
"The solution [for Republicans] is to admit that Bush was a bad president, stop this racist homophobic stuff, stop trying to give most of the tax cuts to the rich, propose a real alternative to Obamacare that actually works, and propose smart free market solutions to our economic problems." - Distraff

"Americans are better off in a dynamic, free-enterprise-based economy that fosters economic growth, opportunity and upward mobility." - Paul Ryan
Wallstreetatheist
Posts: 7,132
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12/20/2012 5:36:47 PM
Posted: 3 years ago
At 12/20/2012 4:22:15 PM, Contra wrote:
IT WILL NOT LET ME JOIN!! AGh!

Are you putting DDOisfun! as the password?
DRUG HARM: http://imgur.com...
Primal Diet. Lifting. Reading. Psychedelics. Cold-Approach Pickup. Music.
DetectableNinja
Posts: 6,043
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12/20/2012 5:42:43 PM
Posted: 3 years ago
Totes about to play this.
Think'st thou heaven is such a glorious thing?
I tell thee, 'tis not half so fair as thou
Or any man that breathes on earth.

- Christopher Marlowe, Doctor Faustus
FREEDO
Posts: 21,057
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12/20/2012 6:28:38 PM
Posted: 3 years ago
At 12/20/2012 4:13:05 PM, Wallstreetatheist wrote:
and will most likely end before the scheduled time

If ya know what I mean.
GRAND POOBAH OF DDO

fnord
RationalMadman
Posts: 354
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12/20/2012 7:55:06 PM
Posted: 3 years ago
half to google, half to facebook no way in hell can i lose.
The early bird might get the worm, but the second mouse gets the cheese.

We didn't fight our way to the top of the food chain to be f***ng vegetarians.
Koopin
Posts: 12,090
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12/20/2012 9:10:09 PM
Posted: 3 years ago
At 12/20/2012 7:55:06 PM, RationalMadman wrote:
half to google, half to facebook no way in hell can i lose.

If this was real, there is no way in the world I'd trust facebook's stock.
kfc
Wallstreetatheist
Posts: 7,132
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12/20/2012 10:21:02 PM
Posted: 3 years ago
At 12/20/2012 9:52:03 PM, Koopin wrote:
lol, I wonder if the fiscal cliff will effect this game in anyway.

Check out the three charts I posted at the end of the OP, plus the psychological effects this "fiscal cliff" will have on investors, plus the actual cliff that is coming.
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Primal Diet. Lifting. Reading. Psychedelics. Cold-Approach Pickup. Music.
Wallstreetatheist
Posts: 7,132
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12/20/2012 10:21:35 PM
Posted: 3 years ago
At 12/20/2012 6:28:38 PM, FREEDO wrote:
At 12/20/2012 4:13:05 PM, Wallstreetatheist wrote:
and will most likely end before the scheduled time

If ya know what I mean.

Hint, hint.
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Primal Diet. Lifting. Reading. Psychedelics. Cold-Approach Pickup. Music.
TheAntidoter
Posts: 4,323
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12/21/2012 7:14:45 AM
Posted: 3 years ago
SO I'm new to this kind of thing...

Would that 10$ trading fee be per stock or per transaction

If I sold ten stocks I would only pay ten instead of 1000?
Affinity: Fire
Class: Human
Abilities: ????

Nac.

WOAH, COLORED FONT!
MouthWash
Posts: 2,607
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12/21/2012 11:57:08 AM
Posted: 3 years ago
I'm beginning to think investing in Apple just now may have been a mistake. When can we retract it?
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
Koopin
Posts: 12,090
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12/21/2012 12:02:23 PM
Posted: 3 years ago
At 12/21/2012 11:57:08 AM, MouthWash wrote:
I'm beginning to think investing in Apple just now may have been a mistake. When can we retract it?

It was not, just a scare.
kfc
Wallstreetatheist
Posts: 7,132
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12/21/2012 12:05:02 PM
Posted: 3 years ago
At 12/21/2012 11:57:08 AM, MouthWash wrote:
I'm beginning to think investing in Apple just now may have been a mistake. When can we retract it?

Any time during the trading day. Portfolio -> Holdings -> Trade
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Primal Diet. Lifting. Reading. Psychedelics. Cold-Approach Pickup. Music.
MouthWash
Posts: 2,607
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12/21/2012 12:05:04 PM
Posted: 3 years ago
What does "Sell short" mean?

What do "day order" and "good till cancelled" mean?
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
Wallstreetatheist
Posts: 7,132
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12/21/2012 12:05:48 PM
Posted: 3 years ago
At 12/21/2012 11:03:44 AM, Koopin wrote:
lol, yeah. I am not trading a penny today.

If you think a particular stock is going to continue downwards today, you can short the stock and make money off of the stock price decreasing.
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Primal Diet. Lifting. Reading. Psychedelics. Cold-Approach Pickup. Music.
MouthWash
Posts: 2,607
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12/21/2012 12:08:46 PM
Posted: 3 years ago
I think I'm in first place...
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
MouthWash
Posts: 2,607
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12/21/2012 12:15:52 PM
Posted: 3 years ago
No, I'm Ethan Zohar. It's on my profile. Am I not showing up as first place? I have more money than anyone. Is it shown only after the market closes?
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
MouthWash
Posts: 2,607
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12/21/2012 12:18:39 PM
Posted: 3 years ago
OK, it updated. Could someone please answer my question now?
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
RationalMadman
Posts: 354
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12/21/2012 12:20:45 PM
Posted: 3 years ago
you failed to join on time idiot.
The early bird might get the worm, but the second mouse gets the cheese.

We didn't fight our way to the top of the food chain to be f***ng vegetarians.
MouthWash
Posts: 2,607
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12/21/2012 12:22:43 PM
Posted: 3 years ago
At 12/21/2012 12:20:45 PM, RationalMadman wrote:
you failed to join on time idiot.

And I'm still ahead of everyone. Especially you (how do you even lose so much money so quickly? o.0).
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
RationalMadman
Posts: 354
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12/21/2012 12:23:39 PM
Posted: 3 years ago
idk i was number 4 three hours ago.
The early bird might get the worm, but the second mouse gets the cheese.

We didn't fight our way to the top of the food chain to be f***ng vegetarians.
MouthWash
Posts: 2,607
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12/21/2012 12:26:24 PM
Posted: 3 years ago
At 12/21/2012 12:23:39 PM, RationalMadman wrote:
idk i was number 4 three hours ago.

Half in Facebook? Facebook was the one that wiped out sixteen million dollars or my investment last time I played and put me in last place (by far).
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
MouthWash
Posts: 2,607
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12/21/2012 12:40:20 PM
Posted: 3 years ago
At 12/21/2012 12:27:22 PM, Koopin wrote:
Everyone! Invest in KIT Digital Inc!

Looks like a great choice: [http://www.google.com...]
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
MouthWash
Posts: 2,607
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12/21/2012 1:45:19 PM
Posted: 3 years ago
Lol. People, stop investing in Google and Facebook. Just look at all the companies the people taking losses have invested in to get the idea.
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)