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]

They are both from the same source, and updated every minute.

I'll check this out for v2.

Sweet. I've noticed there's a 30 second lag between the update price and trading position update. It still factors the real price in at all times but it can be deceiving when you think you're in profit and close a position but it hasn't updated yet and it turns into a loss.

I must say, the lack of buy/sell spread is really nice. Allows you to capture profits from small price movements that otherwise wouldn't be possible using a broker. My trading style has always been high leverage and big profits from multiple trades capturing small market movements. It seems to be really paying off in this game.

 

[STKR]

@STKR have you been up all night trading 20x Silver?

This is why I don't trade anymore; It consumes me! But I had a nap during the day and there was no chance I was sleeping. Plus, I've taken a break from work to focus on a project I'm working on.

 

[Steveno]

Also having the position size would be helpful. If you have multiple positions, I can't see any way to tell what size each one is without remembering them and the order you placed them.

I can see position size in landscape view but not portrait if that helps.

 

[Administrator]

I can see position size in landscape view but not portrait if that helps.

I had to hide some columns on mobile devices due to limited screen width. There might be better options, I'll see what is possible.

 

[STKR]

Hopefully a little correction and we're off again. This is a pivotal price point here but it looks favourable to be testing 30usd this week

 

[STKR]

This is around the limit I was hoping for this correction to go. I'm looking for a little tail on this new 1h candle and I'm gonna buy in and watch.

 

[STKR]

Alright I'm in

 

[STKR]

Did anyone just get in on that? That was some volatility there. Landed a $50,000+ profit. I've pulled out because of the volatility but I'll be buying in again soon

 

[neonuke]

@Administrator Does the displayed metals price and the trading price come from the same source? I've noticed a discrepancy between when the price refreshes and is displayed vs when the trading position updates.

i just noticed something with my trades as well, not sure if this is what you saw too.

I closed some trades in profit according to the positions, and refreshed a bit later to see my cash balance went backwards

 

[neonuke]

or maybe there's a bit of a lag before the trade is actually closed? i saw just now I had a portfolio value of ~99k but a cash cash value of ~101k??

 

[STKR]

i just noticed something with my trades as well, not sure if this is what you saw too.

I closed some trades in profit according to the positions, and refreshed a bit later to see my cash balance went backwards

Yes, the displayed profits/loss takes a little time to update - Approximately 30 seconds but it still factors it in and then updates. Can be frustrating

 

[STKR]

We're at $29.05 USD and the next stop is testing $30. Ready for the Friday smackdown!

 

[Silver Soul]

.

 

[STKR]

DXY tanking 30 might come true

I can see it going to 80 in the next couple of years. You reckon this could be the beginning of the end? It does look like everything is lining up that way.

 

[STKR]

I have this funny feeling in my body that it will go lower than that. When the usd "implodes" other nations will take their avenegece on the US and that place will not be a nice country to live in. Sad

It's a valid feeling. I do wonder how long they'll kick the can down the road.

 

[STKR]

@Silver Soul while I was chatting with you I had a short position on and forgot about it. I just checked in and saw the market tanked and landed my biggest profit of the game - $120,000!! All thanks to you

 

[STKR]

Sure don't get burnt. Good luck too you

I probably will. Profits come come quick at these levels but so do the losses. Every 1c is like $4,000 with max position and max leverage right now. I just want to see how far I can take it.

 

[STKR]

What candles are you trading?

I'm mainly looking at the 1h but alternate between 30m and 4h. But I'm looking at XAGUSD charts on my Metatrader account. I just find adding a currency pair muddies the water too much for a true analysis.

I'm using Bollinger bands, moving average, RSI and volume.

 

[Serial]

I'm a little suspicious of the difference between 1st and everyone else. Wondering if their is a way to get price movements before they flow to silveroos

 

[STKR]

There's periods of unparalleled prices between the forum and live markets, much like the forums source works on an average with slightly delayed updates. I've certainly taken advantage of it but it can also work against you when placing a position. I've seen the forum say prices that the live market didn't even reach, and it was showing I had a massive loss all of a sudden. There needs to be a source that can more accurately mimic the live market because any discrepancy between prices is often more annoying than helpful.

The biggest reason for price divergence is exponential growth at max leverage and position. Once you pass $200k your profit taking multiplies significantly. Right now a 20c movement in the silver price is over $140,000 profit for me. I just closed a $270,000 trade just before! Your portfolio/position size serves as compounded leverage.