Stock Market Game Round 2 (What can you do with $10,000 in three months)

[Jewrrick]

Early in the day there was only one person, up for the day and it was like 0.35%. Then after 11am or so the markets came up.

One person is down over 52% today and another is down over 12%

[1carcrazyguy]

One person is down over 52% today and another is down over 12%

I had one of those days in round 2. Lol I also had an up 50+% day in round two. However that was when I was swinging for the fences. Now I am just trying to tread water and not day trade.

[slow99]

Time to short the VIX.

[slow99]

Time to short the VIX.

Damn this guy's good.

[SVT Lurch]

Unfortunately the game does not allow that symbol.

[slow99]

Unfortunately the game does not allow that symbol.

It isn't a ticker ... it's the Volatility index. It doesn't "exist" tangibly ... it's a number backed out of the Black-Scholes option pricing model. The "fear guage" if you will ... you can short the VXX though, that's how I do it. For non-margin accounts you could go long XIV (the inverse VXX etf).

You do have to be careful going long VXX when the VIX is low though. The negative roll yield component (assuming contango) of futures means this thing is setup to go to zero over the long run ... it just keeps reverse splitting to maintain a price. Even if the VIX itself doesn't go down over a long timeframe, you'll get killed holding the VXX long. That's why I wait for it spike up then short it.

[SVT Lurch]

you can short the VXX though,

Dang, I forgot about that one. I was watching both pretty religiously in 2008-2009, but once it settled down I quit. Then I got a new computer and lost some bookmarks.

[1carcrazyguy]

It isn't a ticker ... it's the Volatility index. It doesn't "exist" tangibly ... it's a number backed out of the Black-Scholes option pricing model. The "fear guage" if you will ... you can short the VXX though, that's how I do it. For non-margin accounts you could go long XIV (the inverse VXX etf).

You do have to be careful going long VXX when the VIX is low though. The negative roll yield component (assuming contango) of futures means this thing is setup to go to zero over the long run ... it just keeps reverse splitting to maintain a price. Even if the VIX itself doesn't go down over a long timeframe, you'll get killed holding the VXX long. That's why I wait for it spike up then short it.

That's all a foreign language to me. And a perfect example of why I enjoy this virtual game! One if these days it will click.

[jyro]

I just wished I could do this good in my real portfolio. Fear of losses is all that holds me back.

[1carcrazyguy]

I just wished I could do this good in my real portfolio. Fear of losses is all that holds me back.

I agree and fear of losses.....it is real! It happens way to much.

[1carcrazyguy]

In the last hour, I went from up 3% for the day to even....

[Jewrrick]

I am just really curious what 01 lightning is holding to have lost over 10 grand.

[1carcrazyguy]

I am just really curious what 01 lightning is holding to have lost over 10 grand.

maybe he bought the old site?

[snacksnack]

haha but with 15 trades I think it would be safe to assume he is trying to loose it all.

[snacksnack]

I just wished I could do this good in my real portfolio. Fear of losses is all that holds me back.

My only problem is Im not awake when the stock market opens and that seems to be a high point to sell. On a positive note since I put some money into my trading account a couple a weeks ago Im up 20%.