Trading contest: The rich get richer?

[VaticanAssassin]

well lets see if they do.....

Join my Lit Losers trading contest. Real time trades, the rules are:

1,000,000 initial balance. 25% position limit. 500 max trades with $3 minimum stock price and $5 minimum short. Short and margin trading allowed. 3% commissions. Starts tomorrow ends 7/6/2012

The winner will get something...I do not know what, but something!

Go here to join:
http://www.wallstreetsurvivor.com/Public/Members/Register.aspx?partnerTournamentID=10762

(The only personal info you have to input is a email, that you can make private and I am sure everyone has a spam email address)

I probably will not manage a portfolio as lets face it....it would not be fair

 

[VaticanAssassin]

Well this idea was DOA...God forbid you big dummies would want actual empirical evidence of you stupidity!

 

[TheOlderGuy]

Well this idea was DOA...God forbid you big dummies would want actual empirical evidence of you stupidity!

This is how you measure intelligence? That explains some things.

 

[JohnnySavage]

Well this idea was DOA...God forbid you big dummies would want actual empirical evidence of you stupidity!

*your

 

[thør]

This looks like an appropriate thread to post this in:

http://dev.designfax.net/opens/enews/20120306DFX/ArmyKevlarUGear2.jpg

 

[VaticanAssassin]

This is how you measure intelligence? That explains some things.

admittedly it is only slightly better than judging by who uses the correct to/two/ or too. But it sure is a lot better than pointing out when someone leaves a r of your......

 

[VaticanAssassin]

This looks like an appropriate thread to post this in:

http://dev.designfax.net/opens/enews/20120306DFX/ArmyKevlarUGear2.jpg

Not sure what this is....but it does appear to be very gay

 

[Sean Renaud]

Your basic premise is wrong. This doesn't have anything to do with the rich getting richer this would be some wierd socialist communist game. Not that I'm against it but you having several people starting out on equal terms in a game that has us trading not with each other but just predicting trends. So maybe if you presented this differently it would have better sucess. I'd certainly consider it more strongly.

 

[thør]

Not sure what this is....but it does appear to be very gay

New issue kevlar undies......

 

[VaticanAssassin]

Your basic premise is wrong. This doesn't have anything to do with the rich getting richer this would be some wierd socialist communist game. Not that I'm against it but you having several people starting out on equal terms in a game that has us trading not with each other but just predicting trends. So maybe if you presented this differently it would have better sucess. I'd certainly consider it more strongly.

You over complicate it, or perhaps I did. I just wanted to see who can make the most money in a few months. The winner would have gotten a free night with Dolf (pending her consent)

 

[Sean Renaud]

Or you flat out titled it wrong.

The Rich get Richer instead of some variant on who can predict the market, make the best investments, blah blah blah.

 

[VaticanAssassin]

New issue kevlar undies......

I support this. Protecting your junk should always be a priority.....even if it does look gay

 

[trysail]

...trading contest...

These things are stupid.


If it ain't real money, people have no skin in the game.


Without skin in the game, it's a farce.

 

[Sean Renaud]

Since when is practice a farce? We don't start doctors out by giving them a live person to operate on.

 

[VaticanAssassin]

These things are stupid.


If it ain't real money, people have no skin in the game.


Without skin in the game, it's a farce.

Most of the money I invest belongs to others, and I am as careful as their risk tolerance dictates.

But I get your point.

 

[Sean Renaud]

I support this. Protecting your junk should always be a priority.....even if it does look gay

I choose to protect my junk by not traveling to places where people shoot you in the dick. I mean really that's not cool.

 

[warrior queen]

There is actually a scheme here where you can begin playing the stock market with $150.
You control your own trading, and when you make 10 times (if, I mean!) that amount, then you start paying on your earnings.
One dude made something like $500k in 3 years.
It was designed so that mom and pop investors could get into the market.
Not sure if it's still going though.

 

[VaticanAssassin]

There is actually a scheme here where you can begin playing the stock market with $150.
You control your own trading, and when you make 10 times (if, I mean!) that amount, then you start paying on your earnings.
One dude made something like $500k in 3 years.
It was designed so that mom and pop investors could get into the market.
Not sure if it's still going though.

Years ago one of my professors set on of these up for my class (could have been the same website). We all assumed grades would be given your net return. The guy who made the most dumped everything in three small cap stocks and was heavily margined. Ultimately he was just very lucky. He got a D.

 

[trysail]

Most of the money I invest belongs to others, and I am as careful as their risk tolerance dictates.

But I get your point.

I'm glad you recognize that fact. I've seen far too many salespeople make all sorts of ridiculous claims. Basically, they're full of hot air.


There's nothing like a cash "identity of interest" to make the snake-oil salesfolk clam up.

"Writing a check separates a commitment from a conversation."

-Warren E. Buffett​

-Michael Lewis
The Big Short: Inside the Doomsday Machine.
New York, New York 2010.

 

[VaticanAssassin]

I'm glad you recognize that fact. I've seen far too many salespeople make all sorts of ridiculous claims. Basically, they're full of hot air.


There's nothing like a cash "identity of interest" to make the snake-oil salesfolk clam up.

Salesman? That is just fucked up sir!!!! I am a financial analyst. I do the work and provide the white papers for the dumb ass salesman to use. While he golfs and boozes the clients up, I make the $. With out me those dumb fucks would not even come close to understanding what they sell.....not that they do understand it, but at least I give them cute little talking points that make them sound smart.

 

[trysail]

Salesman? That is just fucked up sir!!!! I am a financial analyst. I do the work and provide the white papers for the dumb ass salesman to use. While he golfs and boozes the clients up, I make the $. With out me those dumb fucks would not even come close to understanding what they sell.....not that they do understand it, but at least I give them cute little talking points that make them sound smart.

I understand— believe me, I understand all too well.

 

[semen4her]

This looks like an appropriate thread to post this in:

http://dev.designfax.net/opens/enews/20120306DFX/ArmyKevlarUGear2.jpg

http://www.youtube.com/watch?v=SC7GGrUdJUI&feature=endscreen&NR=1