May 2007 Trading Simulator contest - First Prize $100.00

[Thierry Martin]

I have set up another trading simulator for April - 1st prize is $100, 2nd and 3rd prizes are trading books.

Once you join, you won't have to rejoin every month like before, I'll just reset the contest at the end of every month back to the $100,000 for everyone.

If you already played in previous competitions, you already have an account and your can join the May contest with the same username and password by going here. If you have forgotton the game password, which you need to join the May contest, just email me and I will send it to you.

If you are new to the simulator, you can join at anytime up. This thread will be used to discuss the game and post updates on the standings.

You start with $100,000 and you can trade stocks long or short. Whoever has the highest amount at the close of trading on May 31, 2007 wins.

The trading simulator/contest is open only to registered members of this forum. (Registering is free!)

Send me a private message and I will send you the link and password for your free sign up.

[reef]

ok, I have a question. Yesterday I set a stop order for a stock but I couldn't enter a limit order as well. In real life investing, you can have both, right??

[Albert0373]

Yep; It's called an OCO order.

One Cancels the Other (OCO): this order is used when placing a limit order and a stop-loss order at the same time. If either order is executed the other is cancelled, allowing the trader to make a transaction without monitoring the market. If the market falls, the stop-loss order will be executed, but if the market rises to the level of the limit order, the currency will be sold at a profit.

An OCO links two orders together such that if one order is filled, the other automatically cancels. An OCO can be used to step into a position or to exit out of an existing position. These orders can be placed on all stocks, options, and futures. While both orders can be placed on different destinations, the symbol needs to be the same.

Hope that helps.

[reef]

Yes it does! I assumed so. Too bad this sim isnt a little closer to the real thing buts better than nothing at all, lol!!

[Patrick01]

Wow, its sure been a slow month for everyone. If only I kept DNDN a litttlleee longer

[Thierry Martin]

patriots101 is the winner by a hair! Congratulations also to Leonard and Amnion.