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

[1carcrazyguy]

I tried short term investing and found it wasn't for me, so now I stick with holding long term.

No way I am trying short term investing!

[95ragtop]

Only advice I can give you is to look for companies that you believe in and think they are a good price. I just got into investing in summer 2012, the Euro crisis crashed everything especially Ford and Bank of America. I had been watching both, and went all in on Ford (fuck Bank of America) for an average price of 9.57 and got out around 15.80 less than a year later to get into FNMA. I would tell you to pick an investing strategy that works for you and stick with it. I tried short term investing and found it wasn't for me, so now I stick with holding long term.

[snacksnack]

Any leads on that front would be greatly appreciated! My real life portfolio could use some more positive gains!

x2 I wont use it in the game.

[1carcrazyguy]

did you buy any in real life?

Any leads on that front would be greatly appreciated! My real life portfolio could use some more positive gains!


So far only holding Wynn, KO and Csco.

[95ragtop]

I've got an average price of 1.7, don't plan on selling any time soon.

[snacksnack]

On my way to getting that cow skin rug.

major jump, did you buy any in real life?

[95ragtop]

On my way to getting that cow skin rug.

[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%.

[snacksnack]

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

[1carcrazyguy]

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

maybe he bought the old site?

[Jewrrick]

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

[1carcrazyguy]

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

[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.

[jyro]

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

[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.