August 2006 Trading Simulator contest - First Prize $100.00

[Thierry Martin]

I have set up another trading simulator for August - 1st prize is $100, 2nd and 3rd prizes are trading books.

If you already played in previous competitions, you already have an account and your can just continue trading, your portfolio has been set to $100,000.

If you are new to the simulator, you can join at anytime up to August 23. You must use the same username as you use here. This thread will be used to discuss the game and post updates on the standings.

You start with $100,000 and you can trade stocks long or short. We are not trading options anymore, as they made the results swing wildly both ways. Whoever has the highest amount at the close of trading on July 31, 2006 wins.

The trading simulator/contest is open only to registered members of this forum.

Send me a private message (http://www.cramersmadmoney.com/private.php?do=newpm&u=1) and I will send you the link for your free sign up.

[Bman409]

CYBX might be a good play for today.. it gapped down and its down 23% or whatever right now

if you can nail a short term bottom on that, you can probably scalp 5% or so from it at some point, just on a bounce

[Bman409]

CYBX here appears to have bottomed at $16... I bet you can sell it $17 at some point today

[reef]

The simulator won't let me trade stocks! It is saying the game is expired.

[Bman409]

same here

[reef]

same here


Glad its not just me, lol.

[Thierry Martin]

Sorry guys, I have been trying to take care of things while on vacation. Just got back home. And now I remember that I fell asleep last night while updating the contest for August. It is fixed now and the contest is officially on for August. (Starting August 2! - and that is for everyone)

[reef]

CYBX here appears to have bottomed at $16... I bet you can sell it $17 at some point today


I played that on another simulator yesterday and sold it today, nice pick. 8) Thanks!

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[qweewq12]

Yeah.. I'm ranked 3! lol....

it won't let me short again... I sent another email to the investopedia peoples...

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[Svenwulf]

logged in to place some orders this afternoon to keep the account active, and i notice we have 2 outlawbobs?

[Thierry Martin]

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[Bman409]

I made four trades today

bought KWK, NGAS and CHK.. all natural gas plays

added SLW (silver miner)

nothing short as of now

[Thierry Martin]

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[Svenwulf]

glad i was only paper trading hans! yooowwwiieee!

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[Bman409]

I made four trades today

bought KWK, NGAS and CHK.. all natural gas plays

added SLW (silver miner)

nothing short as of now


Ok.. I'm up to $105,000 now


I haven't made any new trades... current positions are:

1500 KWK
3000 NGAS
1000 CHK

those are all gas plays.. Natural gas is THE best sector right now, in my opinion


and

4000 SLV -- silver miner... I like the precious metals here

[Bman409]

I'm eyeing up alternative energy plays here... Fuel cells and the like

those have been beaten down pretty good....

remember.. you buy them when know one is talking about them, and sell them when they appear on "Fast Money"

[Stokes]

I dont see where it is that I actually conduct these trades. Can someone help out please.

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[reef]

I sold off some gainers today IHR, RACK, GOOG and HANS vry good day for me!

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[reef]

Hey, i have a question. Why do you show me in first place but the website says Im in second place on my portfolio page? Whats up with that?

[Thierry Martin]

I just looked and saw the numbers were slightly different - must be recalculating - I just went from 9th to 10th place myself. You seem to be in first though, reef.

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[TheBullPicker]

i still have a little chance

[TheBullPicker]

looks like i got second. what trading book is the prize?

[Thierry Martin]

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[Thierry Martin]

looks like i got second. what trading book is the prize?

What book did you receive for your weekly challenge win?

[TheBullPicker]

What book did you get for your weekly challenge winner win?

I was never given a book

[Thierry Martin]

OK, I'll send you 2 books - or one if you don't place 2nd or 3rd tomorrow!

I have Conquer the Crash, Elliott Wave Principal, and Prechter's Perspective - conversations with Bob Prechter, Legendary Market Theorist. You choose.

[TheBullPicker]

hmm. so many choices. i will go with Elliott Wave Principal and Legendary Market Theorist.

P.S. isn't today the 31st, so the monthly challenge is over regardless of what happens tommorow?

P.S.S. Happy Birthday

[TheBullPicker]

if i only get one it should be the elliott Wave Principle. I just checked back tonight and I guess i got 4th (oh well). i will be back on tommorow

[Thierry Martin]

hmm. so many choices. i will go with Elliott Wave Principal and Legendary Market Theorist.

P.S. isn't today the 31st, so the monthly challenge is over regardless of what happens tommorow?

P.S.S. Happy Birthday

Right! I got mixed up and thought the contest ended on Friday!

Congratulations to reef2, Bman409 and mlegha1.

[reef]

So how do you pay the winner? Do you send a check or put it in a pay pal account?

[Thierry Martin]

So how do you pay the winner? Do you send a check or put it in a pay pal account?

Either.