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Old 07-05-2005, 04:08 PM
player24 player24 is offline
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Join Date: Feb 2005
Posts: 190
Default Re: 2+2 Stock Trading Competition

The software has leaves alot to be desired, not the least of which is that in-the-money orders are not always executed.

For example, I had an order to buy stock at price X (order was recorded at 2:33PM) ...stock traded below X several times in the subsequent 82 minutes (until the 4:00PM close), bottoming at(X-.35), yet my buy-to-cover order was not filled.

This statement, taken from the trading-rules section of the website, does not give me alot of confidence: "We will check each stop and limit order every few minutes to see if the stop/limit price has been met until the market close. Day orders will expire if the Stop/Limit price is not met."

From my experience today, execution is sporadic. Based on this fact (my experience) this is not going to be a very good trading test, IMO. It still might work okay if you manage with low turnover and use market orders - but I have lost confidence in the ability to use limit orders and/or high turnover (i.e. trading).
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