Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (19308)	5/28/1998 11:05:00 AM
From: Follies	Read Replies (3) \| Respond to of 94695

David, Thanks. I agree that BK has the best overall market analysis and the flames are kept to a minimum. I started this game because I read too many threads that basically said the markets going up and then down unless it goes down first then it will go up. geesh either commit or admit you're on the sidelines (not that there's anything wrong with that!) If it catches on, participants will be willing to commit to paper trades and I think there will be additional value in looking at the overall positions of all the participants. I'm pissed at myself for not closing my puts (real money) yesterday at or near the bottom, but I didn't. I had 2 pts in game and I lost 'em also. There it is for everyone to see. I hope it will make me a better trader. Regards to the rules, points are awarded for 10 point moves in the SPX. It will be much easier to track in your head than percentages and they're almost the same, and yes if you catch a 50 point move you get 5 pts. If you have caught a 10 or more move you can bank your points by going flat, hoping to reenter in the same direction at a bettr price later. One additional rule I decided on was you are limited to 1 pointless move per day. If you reverse your position during the day but gain no points you can't reverse a second time unless you get points. This limits going back and forth aimlessly. Of course if you catch 10 point moves you can reverse as much as you want (and I'll start following you!)