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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (3892)	8/6/2007 4:25:51 AM
From: Elroy	Read Replies (1) \| Respond to of 20435

Ok, how about if we try to free up the trading so that people can buy and sell on any day of the month? At the moment we can sell (or cover a short) any day, so lets add in the ability to buy or initiate a short whenever we chose. Here's a revised rule #2 - You start out with $100 fictive money, no real cash required. You can initiate a position by buying or shorting a stock on any day that the market is open as long as you get your order in before the close of trading that day. You get the day's closing price for your transaction. You can also sell of cover a short on any day the market is open, again as long as you get your order in before the market close. Sell all or none of the stock, no partial sales area allowed! Sales and short covers pay a 1% commission on the amount as a trading cost. New rule - You can trade any day you like, but are limited to two days of activity per month. On any given day, you can do as many trades as you like (eg., cover a short, sell a holding, buy 2 new stocks), but you can only be active on two days out of the month.