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ASX Sharemarket Game - Give me some tips!

Discussion in 'Beginner's Lounge' started by Callaghan, Aug 9, 2008.

  1. johenmo

    johenmo

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    I like it! :iagree:
    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
     
  2. son of baglimit

    son of baglimit

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    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.
     
  3. son of baglimit

    son of baglimit

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    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.
     
  4. skyQuake

    skyQuake

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    Stay in cash. Cash is king...
     
  5. BIG BWACULL

    BIG BWACULL

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    The best advice i have to offer is :hide: while the :fan
     
  6. saiter

    saiter

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    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
    ANN.gif

    CBA
    CBA-1.gif

    DJS
    DJS.gif

    HVN
    HVN-1.gif
     

    Attached Files:

  7. saiter

    saiter

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

    JBH
    JBH-1.gif

    NCM
    NCM-1.gif
     

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  8. So_Cynical

    So_Cynical The Contrarian Averager

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    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.
     
  9. Trader Paul

    Trader Paul

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    :)

    ...... GFF for this week ..... :)

    :)
     
  10. son of baglimit

    son of baglimit

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    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.
     
  11. nunthewiser

    nunthewiser

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    anyone playing the asx cfd game ?
     
  12. Dezza

    Dezza

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

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

    ThingyMajiggy

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    Yep
     
  14. trillionaire#1

    trillionaire#1

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

    nunthewiser

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    gday sam ,long time no chat .....how you going with it ?
     
  16. ThingyMajiggy

    ThingyMajiggy

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

    How bout you? Going well?
     
  17. nunthewiser

    nunthewiser

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    has it helped your actual trading?

    yeah im still under " geroanyday" in there somewhere doing pretty good
     
  18. ThingyMajiggy

    ThingyMajiggy

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    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" :D

    Your doing well indeed, well done mate :)
     
  19. nunthewiser

    nunthewiser

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    darn skippy m8 .... totally different kettle of fish playing with pretend money to real cash but still tho good to have a play around too just to see wotif
     
  20. Glen48

    Glen48 Money can't buy Poverty

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    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?
     
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