playing with $1000! (i just lost $10,000 in 15min)

Last post 05-30-2008 11:10 PM by masterduckie. 11 replies.
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  • 05-29-2008 11:04 AM

    playing with $1000! (i just lost $10,000 in 15min)

    im going to onlyplay with $1000 dollars and try to come in first place lol anyone want to join me

    BTW i just lost $10,000 in15min on a stock WTF so at should i buy

  • 05-29-2008 2:43 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

     

    At least it isn't real money.  Who knows, maybe you'll still be in the top 10.
  • 05-29-2008 2:53 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

    According to what I see, high end retail should recover fastest of the retail market.  So, if you haven't sold it already, consider keeping it at least a week unless you see something indicating that Tiffany's is going bankrupt and closing its doors.

    In other words, play it as an investor, not as a trader.

    GOOD LUCK!

     

  • 05-29-2008 3:51 PM In reply to

    • s_n_s
    • Top 500 Contributor
    • Joined on 02-26-2008
    • Posts 37

    Re: playing with $1000! (i just lost $10,000 in 15min)

     

    I wouldn't buy anything until the last 20 minutes to go tommorrow
  • 05-29-2008 4:07 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

    I think i'd rather play the financials for a recovery.  But, to each his own.

  • 05-29-2008 4:44 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

     

    Lesson from Kenny Rogers song: know when to hold and when to fold. Don't count your money while your sittin' at the table. Beside that, you should choose your positions better. How to do that? Read, study and learn how the market works and what sector the pros are moving money to. Will they continue to do that for a while (long enough to win this game)? Gotta watch the index. Invest like the pros from T. Rowe Price. You can find what they invest in by looking at their prospectus. They specialize in mutual funds, but they have a history of being good pickers. Look at the Yahoo! winners and losers site. Google and IPL financial sites to get some ideas. Find a good sector map on the Web. Study the colors to see which direction the money is flowing. Finally, I'd be real careful about following my advice. I ain't won this contest, ya know? 2ble finally, find out what the insiders at some hedge funds are doing with their money, if you can. And read the posts about this being a game, a learning game. Tomorrow you might be running your own hedge fund, if the gov't doesn't outlaw them in the future. 3ple finally, this site calls you a survivor. Be glad you have money to work with.
  • 05-30-2008 1:34 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

    Good Luck

  • 05-30-2008 2:35 PM In reply to

    playing with $1000! (i just lost $10,000 in 15min)

    Buy REV! - The Imax! ®

  • 05-30-2008 9:19 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

    wow

  • 05-30-2008 11:00 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

    I'd say buy, buy , buy.....

  • 05-30-2008 11:06 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

    WindInSails:  I would say your advice is pretty good, and you are right, this is a learning game.  I did really lousy the last contest but I am much more optimistic about this one. 

  • 05-30-2008 11:10 PM In reply to

    Re: playing with $1000! (i just lost $10,000 in 15min)

    you could always take out a loan and pay it back when u get money.

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