DFWMustangs stock market game 4 starts 3/25/2014

[jewozzy]

I personally have been thinking hard about shorting dwti.

[1carcrazyguy]

How hard would it be for someone to avg a 3% a week (not compounded) gain starting with 10k. No long positions only having the goal to get in and out of something (or multiple somethings) within a weeks time.

If it was that easy, everyone would be doing it.

[slow99]

How hard would it be for someone to avg a 3% a week (not compounded) gain starting with 10k. No long positions only having the goal to get in and out of something (or multiple somethings) within a weeks time.

Impossible.

[jewozzy]

If it was that easy, everyone would be doing it.

Impossible.

I was thinking that same thing but have been reading claims from these people that they have a goal of 1% a day. Though I don't know if they are trading at such an amount that they can influence the stock.

[slow99]

I was thinking that same thing but have been reading claims from these people that they have a goal of 1% a day. Though I don't know if they are trading at such an amount that they can influence the stock.

Great for a goal, doesn't mean they're hitting it. If someone ever tells you they average 1% a day, run ... fast.

[jewozzy]

Ya, unless you had a bunch of powerful servers doing HFT, that's not going to happen.

That's the same thing I was thinking. I've seen that guy that has posted all of the trades he made for a 2 year period where he became a millionaire using that method. He was using software and his goal was just to be positive in every trade he made regardless of amount. Sometimes he would make $1 sometimes he'd make hundreds (obviously he lost some too.) It was all about volume for him though. If you were disciplined enough I could see it being possible. The more money you had invested the harder it would be I would think.

[slow99]

That's the same thing I was thinking. I've seen that guy that has posted all of the trades he made for a 2 year period where he became a millionaire using that method. He was using software and his goal was just to be positive in every trade he made regardless of amount. Sometimes he would make $1 sometimes he'd make hundreds (obviously he lost some too.) It was all about volume for him though. If you were disciplined enough I could see it being possible. The more money you had invested the harder it would be I would think.

Nobody is averaging 150% a year returns over any significant period of time.

[jewozzy]

Nobody is averaging 150% a year returns over any significant period of time.

yeah this guy did the two year period and then stopped to "train people". I agree if it were that easy obviously more people would be doing it and doing it better.

[jewozzy]

And he sure as hell wouldn't be showing anyone... no one could pay enough.

it was all after the fact naturally. I can't find the article but I want to say it was someone that was trained by Tim Sykes but I can't remember now. I read it on CNN a few years back.

[1carcrazyguy]

Jumped in EXXI just before the close today. Probably going to lose my.......! But I figure the huge late volume meant someone knows something! In less than 10 minutes it was up 10%. Then it climbed even more in AH. Probably should have sold for a little profit but I think I am going to try to hold out....

[HarrisonTX]

Jumped in EXXI just before the close today. Probably going to lose my.......! But I figure the huge late volume meant someone knows something! In less than 10 minutes it was up 10%. Then it climbed even more in AH. Probably should have sold for a little profit but I think I am going to try to hold out....

I've held EXXI since $16.47.
It has had a couple big days lately.

Look into the penny stock HSCC. It routinely has 150% days.
It just bounces back and forth from
$.002 to $.005 and back down. Every couple days.

[1carcrazyguy]

That has to be hard to look at from 16-now! I guess if you just look at it like, I have not lost anything until I sell or they go bankrupt....it is just a number. I can do that with AAPL because I know and use the company. But if I got that far down on something else....I would probably not be so relaxed about it.

Are you adding at these low levels to bring down your average? Just curious.

[HarrisonTX]

That has to be hard to look at from 16-now! I guess if you just look at it like, I have not lost anything until I sell or they go bankrupt....it is just a number. I can do that with AAPL because I know and use the company. But if I got that far down on something else....I would probably not be so relaxed about it.

Are you adding at these low levels to bring down your average? Just curious.

Not to EXXI. The only thing I've added to was enable midstream (enbl). My last remaining funds I dumped into Frost Bank (cfr), and it's doing well. I realize I could be lowering my average position pretty significantly but I'm just don't adding money to my ameritrade account.

[1carcrazyguy]

Well decided to gamble a little more today. Bought 85 shares of VRX. Either going to lose my shirt or make a little over the next few weeks/months.

[Captain Crawfish]

I think the fed is about to light a match to this bubble soon!