new to this

Last post 09-05-2008 8:34 AM by GCMan. 8 replies.
Page 1 of 1 (9 items)
Sort Posts: Previous Next
  • 09-03-2008 12:36 PM

    new to this

    The rules say that the weekly/monthly winner is the person with the greatest % gain in their portfolio??  If that is correct than WTF, how am i suppose to gain 100% with someone that started with an account at say $25,000 cuz they blow at this game and bombed the last contest.

     Is this contest really that messed up or did i mis read the rules on how to win?

  • 09-03-2008 1:15 PM In reply to

    Re: new to this

    I think it goes by how you did at MAKING $$$ for the week or month in % mode. Everyone starts off with the same amount of $$ and TRY to pick winners. I have not won a thing yet...

    GOOD LUCK

  • 09-03-2008 1:41 PM In reply to

    Re: new to this

     Just play and enjoy learning how to invest, the rest will follow.

  • 09-04-2008 2:00 AM In reply to

    Re: new to this

    Well trust me on this, first I dont suck at the stock market, I made a HUGE blunder on FRE and FNM and I lost $70,000 in one day and went all the way down to $20,000 and with that little of money to invest you arent going to see huge % gains, before I reset it took me almost 5 weeks just to get the portfolio back to $24,500

  • 09-04-2008 8:22 AM In reply to

    Re: new to this

    Winning is based on percentage gains, weekly and monthly. Anyone who tanked at the last contest will have a tougher time getting big percentage gains with little money, as opposed to you now starting with a full portfolio. WTF, you couldn't figure that out???  Good luck.

  • 09-04-2008 10:17 PM In reply to

    Re: new to this

     Personally, that's why I love cheaper stocks.  I feel "richer" as the price and percentage goes up, LOL.

  • 09-04-2008 11:16 PM In reply to

    Re: new to this

    lolol u guys are all wrong. . . i would love to have an account with 25k in it cuz if you were smart you would day trade with it making $300 here and there. . . thatd be alot easier to getting to 100% then being someone who started with 100k in there account. . . .just my opinion

     

     good luck all

  • 09-05-2008 3:30 AM In reply to

    Re: new to this

    got ANGER:

    lolol u guys are all wrong. . . i would love to have an account with 25k in it cuz if you were smart you would day trade with it making $300 here and there. . . thatd be alot easier to getting to 100% then being someone who started with 100k in there account. . . .just my opinion

     

     good luck all

     

    I would love to try my hand at day trading here, but being on the west coast and the job I have, although I do have access to many computers I still cant get to one all the time quick enough and the bell always gets me lol

  • 09-05-2008 8:34 AM In reply to

    Re: new to this

    JamesLT is right mathmatically.... It is much easier to make higher percentages on $25,000 compared to $100,000 because 10% of 25,000 is $2,500 and 10% of $100,000 is $10,000. So the larger account would need to make much more money than the smaller account.

     On the other hand 10% is 10%  If you are all in on your account dollars numbers do not matter it is for the people who prefer not to be all in that are affected by the dollar numbers.

     Side thought if a person has a negative amount doesnt that mean they have to lose money to make a high percentage?

     -1,000 X 10%  = -100  :)

Page 1 of 1 (9 items)