No prize The Trading Game #1

The Trading Game
In this virtual trading game your initial cash balance is $100,000 AUD. The player with the highest portfolio value at the end of the game wins.

Use leverage carefully, as your game will end if your total balance falls below $1.

No prize in this first game. But there will be in future games.

 

[STKR]

This is less than a 40c movement in the silver price.

 

[STKR]

STKR i believe the time has come to ask you for a loan, I'm good for it, trust me
Well done on your trades, a true artist

I think we're due for another correction here. Gonna short it and see what happens. Not too far from that $30USD mark but I reckon we're running out of puff for the time being.

 

[Administrator]

@STKR $2,258,042.35, maybe you should quit your day job.

 

[STKR]

@STKR $2,258,042.35, maybe you should quit your day job.

The moment emotions are taken out of trades, everything just makes sense. I traded for a few years with 400x leverage. Totally different game when you're watching real money. I had some significant losses during that time and essentially banned myself from doing it. It wasn't even the financial loss that was the worst part, it was what it did to me while I had open trades. But I still have a demo trading account that I use every month and I 20x my portfolio all time before it resets itself and I start again.

 

[STKR]

The markets have actually frozen. Very bizarre. I have never seen this happen before, like they've shutdown during trading hours.

 

[STKR]

All commodity markets have frozen. Something is going down at the Comex right now. There's no closure for a public holiday, so this isn't normal.

 

[STKR]

Nice little correction. I'm buying back in now

 

[Administrator]

@STKR

 

[STKR]

TBH - It felt like I placed more than 123 trades. It really does become a race to 200K and the compounded leverage does the rest. I let no position go more than 50c of market movements, and most of my trades were closed between 10c-30c.

When I was trading a few years ago, I made my broker over $9,500 in a week just from the Buy/sell spreads of my trades. This was from the sheer volume of trades I placed during that time. I'd hate to think how much money I made them over the years.

A few suggestions for this game:

- Having the market entry price listed on each open position.
- Having a stop loss or take profit system.
- Sourcing the price from live markets or having a higher refresh rate.
- Fixing the lag between displayed profit/loss and market price.

The game shows a lot of promise and it's actually a little sad how much time I spent trading. It all started with @200oz and I battling it out and then I became obsessed.

 

[Administrator]

I'm in the middle of buying a house so I got distracted a left a -20x trade open too long which wiped me out.

I'll definitely take on all those suggestions. In addition to the stop loss, maybe have a buy price option too.

I was watching the game progress at the beginning. It was getting close between yourself and @200oz for a while.

 

[STKR]

I was watching the game progress at the beginning. It was getting close between yourself and @200oz for a while.

There was a time when we were both on $131,000 and the market volatility landed me two 40c trades in less than a few minutes. Once I broke away beyond $200k it was all over. When you start at $100k, a 1c movement in price on max leverage is $450. By the end, a 1c price movement for me was $11,000. But if you don't analyse the charts, you're just hoping and guessing where the price will go.

That's a good idea having buy/sell orders. As long as it's not too much effort. Before you know it, there'll be a legit Silveroos trading platform

 

[shinymetal]

I did a deep analysis of the chart, meaning I glanced at it and its pretty much $30. That means it will either get smacked down and my max leverage trade makes me rich in a game, or it goes over 30 and I profit in real life.
Either way I'll be pretty happy.
with how volatile its been recently, I don't think closing the week without a decent move is an option.

 

[alor]

Now $1.99 a trade big or small

 

[STKR]

@STKR. 123 trades since the trading platform opened ! That's impressive.

Or possibly Obsessive

 

[STKR]

This would've been a great trade. @Silver Soul did you get in on this?

 

[STKR]

Of course I did. But not on this platform.

Sorry, I meant a real trade. That's awesome

 

[shinymetal]

That was a big move, FINALLY past 30usd!!
I wonder what will happen next weeks and months..
Historically when it takes off, it really takes off.

 

[Administrator]

Looks like we have a winner @STKR

 

[Administrator]

So is game 1 closed?

Yes

 

[STKR]

What the? I thought the game was over on Thursday when you posted the leaderboard? I was annoyed that It ended so soon because I had a $2M position at 20x leverage that I had placed at the low of the correction. Haha, turns out it hadn't ended but I wasn't looking at it anymore and my absence landed a $3.1m profit!! There's no way I would've held that position the whole time if I thought the game was still going.

I must say, the timing to put out a new Gold and Silver trading game was impeccable, given the historical significance of what took place in the markets.