What can you do with 10K in 3 months?

[347Mike]

I am sick of Europe, bonds, Italy, and all that other shit that is contributing to this shit of a mess.

[Captain Crawfish]

+ 20% in one day. going for more tomorrow!

[juiceweezl]

Looks like it's changed tickers to neko. I don't know where you guys find this shit, lmao.

Yeah, but I need to sell it while it's up!!!

Edit: It's up to $5.50 now.

[347Mike]

Looks like it's changed tickers to neko. I don't know where you guys find this shit, lmao.

Text messages man!

[slow99]

So I have still been logging in some and checking on the game. On 11/10, I bought 1000 shares of CTLO at $2.95. It's not at $4.80, and I can't do anything with it in my portfolio. WTF is up with that?

Looks like it's changed tickers to neko. I don't know where you guys find this shit, lmao.

[juiceweezl]

So I have still been logging in some and checking on the game. On 11/10, I bought 1000 shares of CTLO at $2.95. It's not at $4.80, and I can't do anything with it in my portfolio. WTF is up with that?

[2165 Turbo Rail]

well I'm slowly moving upward

[SVT Lurch]

For a position owned long you put a stop in BELOW current market price. What's the point of doing a stop loss higher than spot? You'd just enter a market order. If you bought a $30 , spot is $35 and you wanted to protect gains or minimize loss you put in a stop lower than $35. A stop order becomes a mkt order as soon as spot price trips Below stop price. If you are putting the stop price higher than spot, it's becoming a market order the instant you enter it.

That's what I didn't understand. I was wanting it to sell when it reached a certain (higher) price. Now I know to use a limit order for that.

[slow99]

I guess I don't.

Say I bought a stock at $30/share and I want it to sell when it goes to $33/share or higher. I put in a stop loss order to sell at $33 when the stock price is currently $30.50.

What happens? Does it sell right away or wait until the price goes up? What's different if I put in a limit at $33 instead of a stop? Does it sell at $33.00 exactly and not any higher like the stop potentially could if the price kept going up before the trade could be executed?

For a position owned long you put a stop in BELOW current market price. What's the point of doing a stop loss higher than spot? You'd just enter a market order. If you bought a $30 , spot is $35 and you wanted to protect gains or minimize loss you put in a stop lower than $35. A stop order becomes a mkt order as soon as spot price trips Below stop price. If you are putting the stop price higher than spot, it's becoming a market order the instant you enter it.

[SVT Lurch]

As far as this game goes, it is programmed to sell whenever the market price is at or below the stop price. You'd want to set a limit order so that when it gets to $33 it'll sell at market price immediately when the price reaches or goes above 33. It could be exactly $33 or it could be $33.02 if it jumps from 32.99 to 33.02, for instance.

OK, so a stop is more geared for keeping you from losing money since it's "at or below" the target price. Got it, thanks guys!

[BERNIE MOSFET]

I guess I don't.

Say I bought a stock at $30/share and I want it to sell when it goes to $33/share or higher. I put in a stop loss order to sell at $33 when the stock price is currently $30.50.

What happens? Does it sell right away or wait until the price goes up? What's different if I put in a limit at $33 instead of a stop? Does it sell at $33.00 exactly and not any higher like the stop potentially could if the price kept going up before the trade could be executed?

As far as this game goes, it is programmed to sell whenever the market price is at or below the stop price. You'd want to set a limit order so that when it gets to $33 it'll sell at market price immediately when the price reaches or goes above 33. It could be exactly $33 or it could be $33.02 if it jumps from 32.99 to 33.02, for instance.

[SVT Lurch]

I guess I don't.

Say I bought a stock at $30/share and I want it to sell when it goes to $33/share or higher. I put in a stop loss order to sell at $33 when the stock price is currently $30.50.

What happens? Does it sell right away or wait until the price goes up? What's different if I put in a limit at $33 instead of a stop? Does it sell at $33.00 exactly and not any higher like the stop potentially could if the price kept going up before the trade could be executed?

[slow99]

You understand the differences correctly? Are you putting in a stop loss order, if so then it's doing what it should.

[SVT Lurch]

What's the difference between stop and limit orders? I thought I understood that a limit is to be sold at that exact price only (and with a normal brokerage the commission is higher for that convenience) and that a stop order triggered buying or selling a stock once the target was reached (with a normal commission), but the actual executed price may be more or less depending on how big of a swing the stock experienced.

I tried a few this morning and the limits seem to be working as expected, but the one stop order I placed sold immediately and it was $3 under my target. Was it a glitch in the game or am I misunderstanding the purpose?

[majorownage]

FIXED



Originally Posted by racrguy
Look at his transactions. That will tell you what he's doing and when he's doing it.