Virtual Stock Exchange game for RPFs members

[Fox McCloud]

I may join in...purely with the intention of colluding with several other members here and driving up the price of a single commodity to insane levels....just to see if I can do it.

 

[Conza88]

I may join in...purely with the intention of colluding with several other members here and driving up the price of a single commodity to insane levels....just to see if I can do it.

Haha ok, now I'm joining...



Is there a Plunge Protection Team? HAHAHA... I want to be Chairman of it.

 

[Conza88]

Ohh man, this is cool.

I'm in.

Edit:


--- You NEED to input the password in the little text field to join ---

Otherwise you think you've joined, but haven't... lol

14 in so far.

Re-Edit: Someone go through what all the terms mean, in the Trading Menu.

 

[Pauls' Revere]

I'm in, If you can't beat a stupid starfish your in a world of hurt.

 

[OptionsTrader]

conza, which terms are you referring to? Can you copy and paste here?

 

[eOs]

Order Type

Buy to Cover:

Sell to Short:

Term:

Day Order:

Good Till Canceled:

Pricing Type:

Market:

Limit:

Stop:

 

[OptionsTrader]

Sell short is an opening transaction in which you tell your broker to borrow shares so that you can sell them now to open and buy later to cover your short. Selling short requires use of margin.

Day order means you are placing an order and if you are not filled today when the market is open, you want the order cancelled. Good til cancelled means keep this order in the queue until it gets filled or I cancel it.

A limit order is placing an order as a conditional IF based on price and if your defined price is hit, execute trade, if not then keep order live until the limit price is reached. Placing an order at market price means you are buying at the current ASK or selling at the current BID.

 

[Conza88]

Any advice? LOL..

I really don't understand the sell short aspect. Need to wrap my head around that..
So when I want to 'cash in' after G & Sachs has tanked.. I need to do a 'cover' order?

 

[OptionsTrader]

...

 

[Conza88]

You are liable to get raped placing a market order before the market us open.

Hahah... I live in the fast lane.

Lol, this is probably going to be humorous I think..

I'm going by sector. Gold.. Oil... and I agree with Peter Schiff with Sachs is over priced..
Long term (2 months here) how's a day matter much?

 

[OptionsTrader]

I really don't understand the sell short aspect. Need to wrap my head around that..
So when I want to 'cash in' after G & Sachs has tanked.. I need to do a 'cover' order?

That's correct.

 

[Mitt Romneys sideburns]

You are liable to get raped placing a market order before the market is open due to the chaotic fluctuations in the bid and ask prices at market open especially in a game that does not actually give you order fills.

Rules of how the game works

Only orders placed before the opening bell (9:30 a.m. EST) will be executed that day. All orders placed after (9:30 a.m. EST) will be executed the next day.

In this game you can only place market orders before the market opens

 

[Conza88]

In this game you can only place market orders before the market opens

:o Didn't know that... Thanks.

Adds a new element I guess. Or makes things easier for me, who doesn't have access to the mainstream mindset in the US.. to help gauge things.

 

[OptionsTrader]

Rules of how the game works



In this game you can only place market orders before the market opens

Ok thanks.

 

[OptionsTrader]

...

 

[danberkeley]

can we trade ETFs? if not, my entire gameplan is screwed.

 

[Conza88]

Lol, I still don't probably understand selling short... and it's mechanics.

 

[Mitt Romneys sideburns]

Looks like we are limited to US stocks. That blew my whole game plan.

 

[OptionsTrader]

can we trade ETFs? if not, my entire gameplan is screwed.

I assume so, rules state any stock and did not exclude etfs.

 

[danberkeley]

I assume so, rules state any stock and did not exclude etfs.

yaaay! anyone else buying GLD?