riches4me
Milwaukie,OR
Survivor since: 5/12/2008
27250 Loyalty points
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About me I'm a retired grandma in Milwaukie, Oregon, and I do think playing and being with my grandkids is the best game in town. I also love playing cards, especially Pinnacle, playing with my pets and going to the Physical Therapy Pool, as the water tempature is 90 degrees. I am a real novice in this virtual investment arena, but am a fast learning and have already learned a lot just by playing this game. I think I probably have the worst timing of any player in this game and need to work on gambling in the market more by making more trades. I quickly learned with the help of my buddies how to short the market, which is certainly the fastest way to raise capital in a down market so long as you have decent timing. But by making late trades I also learned shorting stocks can be the fastest way to go broke, as evidence by my minus $35,000. I am learning to watch the the market loosers/gainers and highest volume stocks; quarterly returns and Dividends, not to mention reading all the news on the stock I am in or plan to trade. I got a good lesson and took a huge loss on ELN (I missed the story about the Alzheimer's Drug causing the death of 2 people who were taking the drug) and within 2 days, the stock was down by 80% and so was I. I guess you could call me "Johnny Come Lately". Maybe that will be my name in the next quarter. Watch for it, I may just change my name to remind myself that I must be on top of the market changes and not on the bottom. I'm wishing us all lots of fun and luck in this wonderful virtual stock game.
Get ahead of the game with realtime market quotes for as little as $10.99 a month!
HiGood to see you are catching up and getting ahead! Your ranking for the month is outstanding. I'm still playing the market to the downside with ContraFunds regardless of daily bounces. If I trade on a daily basis, I usually get burned. It's better to watch the 30-day charts and make sure that we are on the right side of the market. If interest rates drop, we might have a play on UPW (Utilities-Long). By the way, your little girl is adorable. Hope the future will be OK for her generation! Good luck in the contest!
thanks for being my buddy im nick
Hi Riches... .thanks for adding me to your buddy list! Technichal vs Fundamental indicators? The best place I have read to get solid advice is Investors.com -- it's the Investors Business Daily website. You can sign up for a free trial and get 4 weeks free -- during which time you can access the "Learning Center" where there are several courses on buying stocks, selling, chart analysis, and much more. It's well worth spending a weekend going over it. Happy trading!
Logout & login often to be ranked & stay eligible for prizes Weekly Prize Eligibility Rule: To be eligible for weekly prizes, you must login at least once between Saturday 12:00AM – Friday 4:00PM. If you do not login, your ranking for the week will be ZERO and you’ll not show up on weekly rankings page. Additionally, your Starting Portfolio Value for the week must be minimum $25,000.Monthly Prize Eligibility Rule: To be eligible for monthly prizes, you must login at least once during the month. If you do not login, your ranking for the month will be ZERO and you’ll not show up on monthly rankings page. Additionally, your Starting Portfolio Value for the month must be minimum $25,000.Required: To make sure that you are being picked up correctly as "logged in" – make sure to logout and login again more often.
Logout & login often to be ranked & stay eligible for prizes
Weekly Prize Eligibility Rule: To be eligible for weekly prizes, you must login at least once between Saturday 12:00AM – Friday 4:00PM. If you do not login, your ranking for the week will be ZERO and you’ll not show up on weekly rankings page. Additionally, your Starting Portfolio Value for the week must be minimum $25,000.Monthly Prize Eligibility Rule: To be eligible for monthly prizes, you must login at least once during the month. If you do not login, your ranking for the month will be ZERO and you’ll not show up on monthly rankings page. Additionally, your Starting Portfolio Value for the month must be minimum $25,000.Required: To make sure that you are being picked up correctly as "logged in" – make sure to logout and login again more often.
This is an enviornment where even the pros have a hard time. I like to stay in cash until things settle and a definate trend is formed
It all depends on what stocks you were holding when the market went down. A proactive move would have been to short the Financial stocks Monday morning, A defensive thing to do was to seel any stocks that would be hit by the financial markets. As far a s the 50 and 200 dat moving averages. The SPX has been trading below both of these moving averages for a while which means we should constantly look for the market to go down. At least currently. You have to ask yourself is the volume increasing as prices m ove up or is it lower. If it is lower look to take profits and short stocks as soon as the market turns down again.
Hello! I got an article approved in Survivor U called The Power of 50 and 200 Day Moving Averages. check it out I think you will enjoy it.
Thank you for your post. You were so right. Bryden is 2 months old and focusing and smiling and laughing. I enjoy him so much. It is an ugly rainy day here today and supposed to be that way all weekend. Darn hurricanes anyway. Good luck today and thanks again for your post. I really enjoyed it.
I love looking at that little girl's face! She is just soooooooooooo adorable! Have a great day.
Look at PETM