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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Christopher Loe who wrote (10069)	2/18/1998 2:01:00 AM
From: Yiqun Xie	Read Replies (2) \| Respond to of 13456

Sorry Christopher I do not see your point. On the contrary, I suggest anybody taking a long position at open get the ask price at the open and anybody taking a short position at open get the bid price at the first down tick. This will make gain more realistic for pick followers. For the same reason, you get bid price at close if you are long and the ask price if you are short. And competitors do not have to pick position at open or close, they may make limit order and stop order with specific price target. If their initial price target is never met, they are not participating the competition. If they initiate the position but fail to fold it, the closing price of the week, either bid or ask, depending whether they are long or short, will be their exit price. There is technical difficulty for record keeper to monitor the gain this way, of courses. So I am not insisting it. But I just do not see how your recommendation could spice up the competition. Our goal is to make real money, not to make large virtual profit.