ASX Sharemarket game - Give me some tips!

[johenmo]

I like it!
I'd say from my limited time that HA should definitely be considered. It's now entered my list of acronyms. Certainly there's enough movement due to speculation and rumour.
Cheers

[son of baglimit]

the last asx comp a few months ago i picked only mining services co's, as i expect that sector, or particularly energy services, to expand significantly over the next few years. i did pretty well, finishing in the top 5%, but spent most of the time in the top 1%, til a late gambling flurry saw it come undone (was never gonna catch the leader otherwise).

regretably, there arent any purely oil & gas services companies to choose from, but several companies in the list have divisions servicing offshore, lng etc.

again this time i have chosen only mining services companies, and thankfully theres a few more to choose from. i plan to trade in and out of them as they follow the changes in commodities prices, as well as general market moves.

they are
DOW, BKN, BLY, MND & WOR.

so far so good, as im already in the top 2%, with all these companies delivering great results this month. today was another great day, with initial drops (due to dow fall) quickly being forgotten. im glad i chose to buy up just after market opened as they all recovered very well. sold all late in the day and looking to re-enter tomorrow, depending again on commodities prices and overall market direction.

keep an eye out for VJKNIGHT in the top 100 list.

[son of baglimit]

no big surprise this thread hasnt had anything for a while - the average portfolio is under the initial $50k, as is mine by a long way. mining services has been slaughtered, despite the great results and forecasts they provided.

it has a while to go, so just maybe theyll be some kind of recovery and restore interest.

[skyQuake]

Stay in cash. Cash is king...

[BIG BWACULL]

The best advice i have to offer is while the

[saiter]

Before this crisis, I was up to ~$53000. My portfolio consisted of ANN, JBH, HVN and DJS. From time to time I had CBA but it just kept going up and down (my current analysis is that it's forming a triangle :p consolidation is the correct term?) and I thought that I'd be able to get in on NCM as it kept trending downwards (see graphs).
Unfortunately, I lost a bit over $3000 over 3 days, sending me back down to around $49900. I refused to sell because I believed the market would just bounce back but it didn't. I was lucky that the worst position I was in was at $47500, after which I bounced back to ~$49900 and got back into cash. I'm very pleased with my progress as this is the first time I've traded anything and I've learnt the following:

• Use stop losses if available
• Don't think that the market will always bounce back
• Just because the media says consumers are tightening their pockets doesn't mean the retail stocks aren't rising!

At the moment, I'm trying to find a pattern so that I could trade in this environment. I'll tell you what happens after this is all over

ANN


CBA


DJS


HVN

[saiter]

Limited to 5 pictures, so here are the other 2...

JBH


NCM

[So_Cynical]

I'm doing ok considering the prevailing conditions.

Portfolio total $48,005.07 including 13K cash
National ranking 1972 of 15845
State ranking NSW 777 of 5553
Biggest loser GDY still holding and averaging down.
Biggest winner PPT twice for about 18% both times.

[Trader Paul]

...... GFF for this week .....

[son of baglimit]

just to update.....as reported my list was initially in the top 1% before this crisis started - in just a few weeks, without doing 1 trade, my portfolio in this game has gone from top 1% to..........believe it or not, the bottom 60. and in my state im in the bottom 10. thats how much mining services has been carved up. portfolio did reach $56k, now low $20's.

[nunthewiser]

anyone playing the asx cfd game ?

[Dezza]

I totally forgot about my ASX Share Game portfolio since entering it...down to $30K!

Good ol' reliable PDN and OZL...good lesson in managing your stop-losses.

[Sam Collins]

Quote: Originally Posted by nunthewiser anyone playing the asx cfd game ?

[trillionaire#1]

im under 30 grand now ,forgot the game for a while ,checked to find i still owned
fmg,gdy,bly

[nunthewiser]

Quote: Originally Posted by Sam Collins Yep

[Sam Collins]

Yeah sure has, yeah not going too bad, been doing it for a few months, currently 9th in SA.

How bout you? Going well?

[nunthewiser]

Quote: Originally Posted by Sam Collins Yeah sure has, yeah not going too bad, been doing it for a few months, currently 9th in SA. How bout you? Going well?

[Sam Collins]

No I don't think it has, I am mainly trading forex now, trying a method for 6 or so months on a demo account. I am just doing ridiculous things on that game, would be insane to do them in real life, haven't been paying much attention to it really, keep forgetting about it then suddenly think "Oh yeah thats right"

Your doing well indeed, well done mate

[nunthewiser]

Quote: Originally Posted by Sam Collins No I don't think it has, I am mainly trading forex now, trying a method for 6 or so months on a demo account. I am just doing ridiculous things on that game, would be insane to do them in real life, haven't been paying much attention to it really, keep forgetting about it then suddenly think "Oh yeah thats right" Your doing well indeed, well done mate

[Glen48]

Seem to me what ever is in the Red to day will go green the next and Reach a peak on Friday and go down before you get a chance to sell after the bad news on Wall St on Monday. I am sure and game in a Casino would give you the same %. LNC shot up 14% today and dropped just as quickly is every one watching to see which ones move up have a plunge and then get out ASAP.. Like I did???
Trunbull tells us we wont have a recession and things will be fine. Wonder how he made all his loot?