Here's our first trading game thread for week 1 of our October Contest.
'The Trading Game' is a monthly game split into weeks. Each week players post on that week's game thread an actual trade they made that week. Members vote on the trades they like using the 'like' button. At the end of the week the top 5 trades with the most votes win points. At the end of the month, all the points from all the players are counted up and the top 3 players each win an Amazon Voucher.
This month's contest will last 5 weeks and end on Friday, 1st November.
Want to know more? Check out all the details here:
http://www.trade2win.com/boards/t2w-announcements/179522-trading-game.html
Let the game commence... good luck all!
Here's an outline plan for one on Monday.
WPP is a gappy beast, though, so what it will look like after the open is anyone's guess. Will decide then.
Just back from Asia for 4 day's then off again
Short DAX 8,618 (SB current price) - stop 8,800 aim 8,200 to 8,300 before month end.
Just need the US to start defaulting on the loans.
It's only a game.
opened 10 pt gap and quick to new low with market. Held vs FTSE then and I've put in a small taster (quarter position) as it went green above open at 1252.63. Doing this on SB where 3 point spread a bit of a bummer
Stop 1235
I should have read it more carefully imo.
I was thinking it was meant to be a trade started at the time of posting. Zo it seems we can wait for a winning trade and then post it.
Ah, it's already a rule. That's cool, then.
I think it's preferable to state things in this thread prior to a trade if possible, but I'm also ok with giving a small margin of error as the market won't generally move that much. Though for periods of high volatility like a news item, I think the trade must be called in advance or it's nulled.
Looking for Tuesday trade in Aus /Asia
Short ASX and long FTSE.
Looking for daily variance of 40 and weekly variance close to zero.
My guess will be taken in first 30 mins of Sydney open or Hong Kong open.
Stop will be 4 to 11 hours, depends on when or if trade taken.
.........will look to add tomorrow if i can.........