2+2 Stock Trading Competition

[jdoe]

I just made 3 trades (all shorts) that went well.


1 7/13/2005 8:13:00 PM 7/14/2005 9:02:00 AM Sell Short DTLK 72733 Market Open 4.27 8
2 7/14/2005 11:42:00 AM 7/14/2005 12:02:00 PM Buy To Cover DTLK 72733 Market 4.15 8
3 7/14/2005 3:17:00 PM 7/15/2005 9:01:00 AM Sell Short ELTK 181000 Market Open 2.75 8
4 7/15/2005 12:17:00 PM 7/15/2005 12:43:00 PM Buy To Cover ELTK 181000 Market 2.49 8
5 7/15/2005 2:12:00 PM 7/15/2005 2:34:00 PM Sell Short CLWT 110300 Market 4.78 8
6 7/15/2005 2:50:00 PM 7/15/2005 3:40:00 PM Buy To Cover CLWT 110300 Market Close 4.4 8

[Dan Mezick]

That's an impressive 2-week return, nice job! Thanks for posting the trades.

I notice your lead would be even greater if you committed 100% of your equity to all of the trades. The first trade, which I see required $310.6K, risked a mere 62% of the $500K starting account equity.

These picks all had huge volume relative to avg.volume, and all were under $5.

Care to share some detail on the selection criteria for these 3 short sale selections?

[Sniper]

Nice trades.. looks like hes playing overreaction to news.

Added 97K to his port with less than 8 hours of total exposure to the market... 12K/Hr nice [img]/images/graemlins/smile.gif[/img]

[jdoe]

1. I looked for a stock with a crapload of volume under $10 up big for the day.

wanted to commit 100% to every trade but i was doing it from work so i didn't have a lot of time to do it.

i just set it to cover at the end of the day or whenever i had a chance to log in.

I spent a total of 3 minutes on all 3 trades.

[Dan Mezick]

97K in 3 minutes.

That's roughly 33K a minute or 1.9 million per hour.

Annually, based on 1780 hours per year (everyone needs a little time off) that's 3.5 billion a year annualized.

You are making just about everyone on earth look like an underachiever if the selection and trading process is consistently repeatable over time.

All you need is 500K in cash to start with.

[Dan Mezick]

It's nice to see this post in flames now. I'm wondering what kind of return the winner of this contest is going to achieve.

If it's 50% or higher, that will get ALOT of attention, and likely inject alot of life into this sleepy forum.

[jdoe]

I will manage the 2+2 hedge fund

[Dan Mezick]

Perfect comeback line!!

Yes. We at the The 2+2 Hedge Fund have been waiting for you.

David Sklansky is your co-manager of the fund.

When I wrote this post originally, I was tweaking David on the nose about EV, math, gambling, and the applicability of poker to the "real" world.

Now, I really do think this hedge fund would seriously kick some ass.

Again, great comeback line, truly a classic !!

[Sniper]

If you truly think you have what it takes to run a fund, and want to dip your toe in the waters, you should seriously consider setting up a virtual port on Marketocracy.

They reward the top performers by running an aggregated actual fund based on their trades and actually compensate them from the fund management fees.

The fund symbol is MOFQX and you can get more info on their website.

[jdoe]

Past performance is not indicative of future results. People can and do lose money blah blah prospectus blah blah.

This is my new 5 point system for stock market success.

Step 1. Pick a stock or something
Step 2. Buy it or short it or whatever.
Step 3. Later, when your boss is not looking, sell it or cover it if your too short or something.
Step 4. If the trade has lost money, Simply um….er…uh…uh… I’ll get back to you on that one.
Step 5. Profit!