<< <i>Last year I played to hit a grand slam, this year I'm going to play smart. Highest percentage return wins right? My pick will be to sell the Apple January 2014 250 puts.
Edit to change from 350 to 250. >>
whats price on that? $2.50 ??? tryin to figure it out...lol
<< <i>Guess who is the first person to drop from 'top 5' to 'bottom 5' in a single day? >>
Works out good, looking for the right moment (maybe Friday) to dump ultra short silver paper at a nice profit. See ya back at the top shortly.
If it wasn't me, I suspect it was Wings.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Wow, what a strange interpretation by Wingsrule. At a 10% margin requirement, $2500 per contract, that would be either three or four contracts sold if the account has $9900 in buying power (plus the $1000 in premium if $2.50 per contract). That would translate into a max gain for the entire year of $750 or $1000 or about 8% to 10% max gain for the year, basis the starting account value. I mentioned the variable margin requirements for selling puts much earlier in the thread.
The loophole does remind me of a paper trading contest while in school. We were allowed to pick any stock listed in the newspaper and get the price quoted in the paper for the close. The massive loophole was to pick some thinly traded warrants that consistently traded at 1/64 or 1/32 on the days that they did trade. I could double the contest money every few days by waiting for a print at 1/64 or 1/32 and buying at the lower price, and selling at the higher. The real world volume was often one lot so the actually dollar amount traded was $1.50 to $3, not the millions I eventually amassed in the paper game. This is about as bad as the loophole Cohodk has been allowed to use. How unfortunate for Wingsrule to waste all his hard work and make a total farce of a contest for the other participants that made sincere entries in hopes of winning some bragging rights.
These stories are more reasons why I believe contests are mostly a total waste of time and energy. There are often loopholes in the rules that allow a gamer to find a hole to crawl through. There was a recent contest on one of the big financial websites with valuable prizes that had a big loophole that many players found a way to exploit. In that case, if a contestant opened the contest order screen before the close, they could get that closing price as a contest trade. The loophole was to open the trade window before the after-the-close earnings reports and then go long or short based on the movement from the earnings, and get their contest trade at the pre-earnings report price.
The contest is to pick an investment that will have the greatest % return over the next year. It got confusing when a $ amount was added. There is no reason to have any dollar amount since the number of dollars on Dec 31, 2013 doesn't matter. The dollar amount was added last year to make it easier for people to see their return.
I am taking risk in that my Max gain will be less than 100%. Every year there ate 100 of stocks that go up more than 100%. Find them and you will win. Simple.
RT - were you in my high school Economics class? We had that very same contest. Our group found a company named Bangor and their warrants were trading at the 1/32 and 1/64 you mentioned. We were doing great, until the company went BK, got delisted, and we ended at 0.
I understand your point but did not think about that possibility when the rules were initially posted. I am not typically one to change the rules after the fact. I have already added the disclaimer that it will not be allowed in next year's contest (if there is one).
While I believe that cohodk will end up at a smidge under $18K for his end-of-year balance, I also believe it will take more than 100% to win.
Hmmm, I made an extra $378 this past week. You know my mailing address WR LOL. You guys that dropped quickly will surely be back in the hunt at some point...51 weeks to go.
To forgive is to free a prisoner, and to discover that prisoner was you.
How unfortunate for Wingsrule to waste all his hard work and make a total farce of a contest ... contests are mostly a total waste of time and energy
RT, buddy, let's not get overly dramatic here, this is for fun and entertainment, we've got over 100 different securities to follow through the year, and anyone can choose to ignore the whole thing, follow every one, or whatever in between. I find it fascinating, the range of different ideas the group has come up with
I am taking risk in that my Max gain will be less than 100%. Every year there are 100 of stocks that go up more than 100%. Find them and you will win. Simple.
While I believe that cohodk will end up at a smidge under $18K for his end-of-year balance, I also believe it will take more than 100% to win.
The contest is to pick an investment that will have the greatest % return over the next year. It got confusing when a $ amount was added. There is no reason to have any dollar amount since the number of dollars on Dec 31, 2013 doesn't matter. The dollar amount was added last year to make it easier for people to see their return.
I am taking risk in that my Max gain will be less than 100%. Every year there ate 100 of stocks that go up more than 100%. Find them and you will win. Simple. >>
Fact is you're effectively cheating and you have no morals or regards for it. Even by your own 'fuzzy' margin rules, you're cheating further by being allowed more than 3 contracts and breaking the rules guidelines with your non-fungible play. You've violated the spirit of the rules and its very unfortunate that people like you have no problems with cheating at what should be a fun contest. Noone should be allowed who is not even allocating the 9k. Grats on making a farce of it all! Ever worked for Enron or JPM in the past?
<< <i>These stories are more reasons why I believe contests are mostly a total waste of time and energy. There are often loopholes in the rules that allow a gamer to find a hole to crawl through. There was a recent contest on one of the big financial websites with valuable prizes that had a big loophole that many players found a way to exploit. In that case, if a contestant opened the contest order screen before the close, they could get that closing price as a contest trade. The loophole was to open the trade window before the after-the-close earnings reports and then go long or short based on the movement from the earnings, and get their contest trade at the pre-earnings report price. >>
I was pissed about that. I was in the top 20 out of 600,000 or so portfolios when they froze the game. They should have just removed the cheaters instead of resetting everyone to zero. I'm sure I would have been in the top 5 if they would have done so with only a few weeks left to go. I was looking forward to the $1m grand prize. Had my eye on a few coins
The contest is to pick an investment that will have the greatest % return over the next year. It got confusing when a $ amount was added. There is no reason to have any dollar amount since the number of dollars on Dec 31, 2013 doesn't matter. The dollar amount was added last year to make it easier for people to see their return.
I am taking risk in that my Max gain will be less than 100%. Every year there ate 100 of stocks that go up more than 100%. Find them and you will win. Simple. >>
Fact is you're effectively cheating and you have no morals or regards for it. Even by your own 'fuzzy' margin rules, you're cheating further by being allowed more than 3 contracts and breaking the rules guidelines with your non-fungible play. You've violated the spirit of the rules and its very unfortunate that people like you have no problems with cheating at what should be a fun contest. Noone should be allowed who is not even allocating the 9k. Grats on making a farce of it all! Ever worked for Enron or JPM in the past? >>
Apparently you have no confidence in your own contest pics. I think this is proving to be a life lesson
Let's do this.... eliminate the 9000 dollars thing as I think it's confusing people. the contest is highest percent return on your i nvestment pick. It is not to see who can make the most money on 90hi00.
This is getting on of hand and no longer much fun.
This is WR's contest and his rules so tough noggies if you don't like them. He already said he will make the necessary changes next year but wouldn't make any in the current contest. He must watch a lot of NFL Football.
We had the same $9000 to start with last year. We were to put $9000 to work. Easy peasy.
This post is directed at no one person in particular. There are plenty rocking the boat.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>This is getting on of hand and no longer much fun.
This is WR's contest and his rules so tough noggies if you don't like them. He already said he will make the necessary changes next year but wouldn't make any in the current contest. He must watch a lot of NFL Football.
We had the same $9000 to start with last year. We were to put $9000 to work. Easy peasy.
This post is directed at no one person in particular. There are plenty rocking the boat.
MJ >>
I'm OK with it.
Just waiting for iTV to be announced later this year.
i'm sorry you guys have issues but this is a game lets play. hope you guys work it out lifes to short to do what your doing it's like they own you you figure it out
suggest that those not happy with the rules or application of the rules withdraw from the competition. just a suggestion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Can I take the "under" bet on all those expecting >100% returns for the year? .........my only caveat is that I want to bundle them all (3 or more) sort of like creating a tranche of MBS's or CDS's. .....
<< <i>Congrats to Crazy4Coins, your PPHM UP 80% TODAY!! >>
Thats what I like to see. Hope he had smoe real $$$ on that trade.
And this is why stocks will always attract more $$$ than PMs. >>
Stocks will always attract more $$$ because the people that really profit from them control their price and can therefore make their price temporarily attractive (the old bear trap).
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>I dont pick on anybody. Just call 'em as I see 'em. My posts over the past 9 years should prove that. I is what I is.
And Im speechless over derryb's comment. >>
finally.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Congrats to Crazy4Coins, your PPHM UP 80% TODAY!! >>
Thats what I like to see. Hope he had smoe real $$$ on that trade.
And this is why stocks will always attract more $$$ than PMs. >>
Thanks. All three of my picks should perform well this year. I'm expecting 400% gain....give or take a 100.
Unfortunately, PPHM is only on my watch list. I almost bought 5k shares when it was sitting at .70 cents. I was waiting for it to fall back down before entering the trade. Oh well. I am loaded up on the other two.
I already hold the record for moves in a single week (tied for first, actually). Just setting up the playing field so I can also be the first to register a 50 spot move.
Speculative/volatile as all get out though. Who knows what goes on in Chinese companies? This insignificant little gold jeweler stock seemed to show the breakdown coming as early as mid-October. And on it's rebound back above a very bearish neckline seemed to broadcast a recovery. We'll see if it works. Unfortunately, I was riding the KGJI train twice already last month and jumped off on the spike. Then I was afraid to re-enter due to the typical tiny daily volume. The day I sold my shares I was about 20% of the daily volume....lol. Had I still been in it, I'd have been tempted to dump on the 2nd and 3rd spikes. I had no clue of the recent bullish news they posted this week. That's just dumb luck. These tiny gold stocks have whipped me 20 pts or so each week. Next week I could easily be back in the 20's or lower again.
Comments
If it's not too late, I'd like to go all in with MAUXF as stated in my previous post. Also, thank you for organizing all of this.
Joe
51 portfolios up
3 portfolios down
1 portfolio even
Average gain YTD: 2.73%
Largest gain: +24.83%
Largest loss: -23.98%
Top 5:
cohodk
rawteam1
roadrunner
Tiggs2012
Wingsrule
OPA is NOT in 21st place
DJIA ... +2.35%
S&P 500 ... +2.54%
CU Pickers ... +2.73%
Russell 2000 ... +2.91%
NASDAQ ... +3.07%
Smack dab in the middle of the market. Looks like RedTiger's 2012 observations held true for day 1 of 2013.
<< <i>Last year I played to hit a grand slam, this year I'm going to play smart. Highest percentage return wins right?
My pick will be to sell the Apple January 2014 250 puts.
Edit to change from 350 to 250. >>
whats price on that?
$2.50 ??? tryin to figure it out...lol
<< <i>OPA is NOT in 21st place (although he may wish he was) >>
bummer..."I'll be back."
<< <i>Day 1 Fun Facts:
Largest loss: -23.98% >>
I think I can guess but, was that me??
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
I think I can guess but, was that me??
That would be a 'yes'. But don't feel bad. Guess who is the first person to drop from 'top 5' to 'bottom 5' in a single day?
<< <i>Guess who is the first person to drop from 'top 5' to 'bottom 5' in a single day? >>
If it wasn't me, I suspect it was Wings.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>I think I can guess but, was that me??
That would be a 'yes'. But don't feel bad. Guess who is the first person to drop from 'top 5' to 'bottom 5' in a single day? >>
Its all good, when the market crashes I will be sittin pretty
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
OPA - only $4
I knew it would happen.
Pretty funny 5 dropped 40 spots.
Thanks again for doing this, really fun post!
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>Lol, cohodk. Already in the money. >>
Wow, what a strange interpretation by Wingsrule. At a 10% margin requirement, $2500 per contract, that would be either three or four contracts sold if the account has $9900 in buying power (plus the $1000 in premium if $2.50 per contract). That would translate into a max gain for the entire year of $750 or $1000 or about 8% to 10% max gain for the year, basis the starting account value. I mentioned the variable margin requirements for selling puts much earlier in the thread.
The loophole does remind me of a paper trading contest while in school. We were allowed to pick any stock listed in the newspaper and get the price quoted in the paper for the close. The massive loophole was to pick some thinly traded warrants that consistently traded at 1/64 or 1/32 on the days that they did trade. I could double the contest money every few days by waiting for a print at 1/64 or 1/32 and buying at the lower price, and selling at the higher. The real world volume was often one lot so the actually dollar amount traded was $1.50 to $3, not the millions I eventually amassed in the paper game. This is about as bad as the loophole Cohodk has been allowed to use. How unfortunate for Wingsrule to waste all his hard work and make a total farce of a contest for the other participants that made sincere entries in hopes of winning some bragging rights.
These stories are more reasons why I believe contests are mostly a total waste of time and energy. There are often loopholes in the rules that allow a gamer to find a hole to crawl through. There was a recent contest on one of the big financial websites with valuable prizes that had a big loophole that many players found a way to exploit. In that case, if a contestant opened the contest order screen before the close, they could get that closing price as a contest trade. The loophole was to open the trade window before the after-the-close earnings reports and then go long or short based on the movement from the earnings, and get their contest trade at the pre-earnings report price.
The contest is to pick an investment that will have the greatest % return over the next year. It got confusing when a $ amount was added. There is no reason to have any dollar amount since the number of dollars on Dec 31, 2013 doesn't matter. The dollar amount was added last year to make it easier for people to see their return.
I am taking risk in that my Max gain will be less than 100%. Every year there ate 100 of stocks that go up more than 100%. Find them and you will win. Simple.
Knowledge is the enemy of fear
I understand your point but did not think about that possibility when the rules were initially posted. I am not typically one to change the rules after the fact. I have already added the disclaimer that it will not be allowed in next year's contest (if there is one).
While I believe that cohodk will end up at a smidge under $18K for his end-of-year balance, I also believe it will take more than 100% to win.
You guys that dropped quickly will surely be back in the hunt at some point...51 weeks to go.
RT, buddy, let's not get overly dramatic here, this is for fun and entertainment, we've got over 100 different securities to follow through the year, and anyone can choose to ignore the whole thing, follow every one, or whatever in between. I find it fascinating, the range of different ideas the group has come up with
I am taking risk in that my Max gain will be less than 100%. Every year there are 100 of stocks that go up more than 100%. Find them and you will win. Simple.
While I believe that cohodk will end up at a smidge under $18K for his end-of-year balance, I also believe it will take more than 100% to win.
Liberty: Parent of Science & Industry
<< <i>Lots of sour grapes. Very unfortunate.
The contest is to pick an investment that will have the greatest % return over the next year. It got confusing when a $ amount was added. There is no reason to have any dollar amount since the number of dollars on Dec 31, 2013 doesn't matter. The dollar amount was added last year to make it easier for people to see their return.
I am taking risk in that my Max gain will be less than 100%. Every year there ate 100 of stocks that go up more than 100%. Find them and you will win. Simple. >>
Fact is you're effectively cheating and you have no morals or regards for it. Even by your own 'fuzzy' margin rules, you're cheating further by being allowed more than 3 contracts and breaking the rules guidelines with your non-fungible play. You've violated the spirit of the rules and its very unfortunate that people like you have no problems with cheating at what should be a fun contest. Noone should be allowed who is not even allocating the 9k. Grats on making a farce of it all! Ever worked for Enron or JPM in the past?
any real thoughts on the market at this time metal or stock
i'm not really getting a read either way
<< <i>These stories are more reasons why I believe contests are mostly a total waste of time and energy. There are often loopholes in the rules that allow a gamer to find a hole to crawl through. There was a recent contest on one of the big financial websites with valuable prizes that had a big loophole that many players found a way to exploit. In that case, if a contestant opened the contest order screen before the close, they could get that closing price as a contest trade. The loophole was to open the trade window before the after-the-close earnings reports and then go long or short based on the movement from the earnings, and get their contest trade at the pre-earnings report price. >>
I was pissed about that. I was in the top 20 out of 600,000 or so portfolios when they froze the game. They should have just removed the cheaters instead of resetting everyone to zero. I'm sure I would have been in the top 5 if they would have done so with only a few weeks left to go. I was looking forward to the $1m grand prize. Had my eye on a few coins
The Whisker Cheek Collection - Top 50 Peace VAM Registry
Landmark Buffalo Collection
<< <i>
<< <i>Lots of sour grapes. Very unfortunate.
The contest is to pick an investment that will have the greatest % return over the next year. It got confusing when a $ amount was added. There is no reason to have any dollar amount since the number of dollars on Dec 31, 2013 doesn't matter. The dollar amount was added last year to make it easier for people to see their return.
I am taking risk in that my Max gain will be less than 100%. Every year there ate 100 of stocks that go up more than 100%. Find them and you will win. Simple. >>
Fact is you're effectively cheating and you have no morals or regards for it. Even by your own 'fuzzy' margin rules, you're cheating further by being allowed more than 3 contracts and breaking the rules guidelines with your non-fungible play. You've violated the spirit of the rules and its very unfortunate that people like you have no problems with cheating at what should be a fun contest. Noone should be allowed who is not even allocating the 9k. Grats on making a farce of it all! Ever worked for Enron or JPM in the past? >>
Apparently you have no confidence in your own contest pics. I think this is proving to be a life lesson
Knowledge is the enemy of fear
Knowledge is the enemy of fear
This is WR's contest and his rules so tough noggies if you don't like them. He already said he will make the necessary changes next year but wouldn't make any in the current contest. He must watch a lot of NFL Football.
We had the same $9000 to start with last year. We were to put $9000 to work. Easy peasy.
This post is directed at no one person in particular. There are plenty rocking the boat.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>This is getting on of hand and no longer much fun.
This is WR's contest and his rules so tough noggies if you don't like them. He already said he will make the necessary changes next year but wouldn't make any in the current contest. He must watch a lot of NFL Football.
We had the same $9000 to start with last year. We were to put $9000 to work. Easy peasy.
This post is directed at no one person in particular. There are plenty rocking the boat.
MJ >>
I'm OK with it.
Just waiting for iTV to be announced later this year.
lifes to short to do what your doing it's like they own you you figure it out
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Industrial Hemp
But not just industrial. Medical and recreational.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I would have thought that the gentlemans way to play the game is to not bring leverage into the equation. A person is granted 9k, not 9k + credit.
My way of competing is not shared by all obviously. It's a precious metals forum and stock brokers and traders apparently have lost track of that.
a tranche of MBS's or CDS's. .....
Liberty: Parent of Science & Industry
<< <i>I would say if a person leverages, at the first margin call-----game over for them.
I would have thought that the gentlemans way to play the game is to not bring leverage into the equation. A person is granted 9k, not 9k + credit.
My way of competing is not shared by all obviously. It's a precious metals forum and stock brokers and traders apparently have lost track of that.
So why is BAC one of your picks
Consistancy is credibility.
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
<< <i>Congrats to Crazy4Coins, your PPHM UP 80% TODAY!! >>
Where was the heads up that this was going to explode!
Nice pick
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
cohodk is now trailing him by about $2,500.
<< <i>Congrats to Crazy4Coins, your PPHM UP 80% TODAY!! >>
Thats what I like to see. Hope he had smoe real $$$ on that trade.
And this is why stocks will always attract more $$$ than PMs.
Knowledge is the enemy of fear
<< <i>
<< <i>Congrats to Crazy4Coins, your PPHM UP 80% TODAY!! >>
Thats what I like to see. Hope he had smoe real $$$ on that trade.
And this is why stocks will always attract more $$$ than PMs. >>
Stocks will always attract more $$$ because the people that really profit from them control their price and can therefore make their price temporarily attractive (the old bear trap).
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>I would say if a person leverages, at the first margin call-----game over for them.
I would have thought that the gentlemans way to play the game is to not bring leverage into the equation. A person is granted 9k, not 9k + credit.
My way of competing is not shared by all obviously. It's a precious metals forum and stock brokers and traders apparently have lost track of that.
So why is BAC one of your picks
Consistancy is credibility.
MaaaaMEEEE, davey is picking on me again.
And Im speechless over derryb's comment.
Knowledge is the enemy of fear
<< <i>I dont pick on anybody. Just call 'em as I see 'em. My posts over the past 9 years should prove that. I is what I is.
And Im speechless over derryb's comment. >>
finally.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Congrats to Crazy4Coins, your PPHM UP 80% TODAY!! >>
Thats what I like to see. Hope he had smoe real $$$ on that trade.
And this is why stocks will always attract more $$$ than PMs. >>
Thanks. All three of my picks should perform well this year. I'm expecting 400% gain....give or take a 100.
Unfortunately, PPHM is only on my watch list. I almost bought 5k shares when it was sitting at .70 cents. I was waiting for it to fall back down before entering the trade. Oh well. I am loaded up on the other two.
The Whisker Cheek Collection - Top 50 Peace VAM Registry
Landmark Buffalo Collection
I think its pretty cool 56 people signed up for this contest............................................... and only 47 of them are ahead of me
<< <i>Thanks for the KGJI RR, nice pick. >>
Speculative/volatile as all get out though. Who knows what goes on in Chinese companies? This insignificant little gold jeweler stock seemed to show the breakdown coming as
early as mid-October. And on it's rebound back above a very bearish neckline seemed to broadcast a recovery. We'll see if it works. Unfortunately, I was riding
the KGJI train twice already last month and jumped off on the spike. Then I was afraid to re-enter due to the typical tiny daily volume. The day I sold my shares I was
about 20% of the daily volume....lol. Had I still been in it, I'd have been tempted to dump on the 2nd and 3rd spikes. I had no clue of the recent bullish news they posted this
week. That's just dumb luck. These tiny gold stocks have whipped me 20 pts or so each week. Next week I could easily be back in the 20's or lower again.
I knew it would happen.