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

[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.

[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]

Unfortunately the game does not allow that symbol.

[slow99]

Time to short the VIX.

Damn this guy's good.

[slow99]

Time to short the VIX.

[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.

[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]

Rough day for some people.

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.

[SVT Lurch]

This was by far my best day, haha.

[Jewrrick]

Rough day for some people.

[1carcrazyguy]

Or a good way to turn $$$choo $$$choo into a $Lionel set.


We set up the account today but I think before I make my first buy. I will wait to see what happens at the Olympics. Sounds crazy but I know that could trigger a big down turn so why risk it just for a couple of weeks. Not sure what I am going to buy but I am not buying the same companies I hold in the virtual game!! lol Probably going to end up buying something that has been around forever. Something safe...if that is possible!

[snacksnack]

Guess it is time to make a different strategy! Stopped in to Scottrade and set up an account. Hope it goes better than my virtual game has been.

Yep setup mine thru fidelity last week. Used them since most my info was already there with my 401k. I deposited a little chunk of cash and have X amount being put in on the first of the month as a auto withdrawl. This looks promising to keep the wifes hands off of my Choo Choo money.

[bjtheman1]

Guess it is time to make a different strategy! Stopped in to Scottrade and set up an account. Hope it goes better than my virtual game has been.

WWE & AA are 2 I'd look into

[1carcrazyguy]

Guess it is time to make a different strategy! Stopped in to Scottrade and set up an account. Hope it goes better than my virtual game has been.

[jyro]

with all the oil field people here, anyone have any info on EMES