Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Stocking Picking Contest - v3.0
Old 05-02-2019, 04:57 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
Stocking Picking Contest - v3.0

I created a this thread for the new stocking picking contest which Spudd created. Thanks Spudd.

Figured better to have a separate thread than overlap with the Stock Picking (Beat Boho) - v2.0 contest.

Here is the contest link to enter:

https://www.howthemarketworks.com/contests

From what I see, contest dates are 05/02/2019 - 08/02/2021, with starting portfolio of $100K.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-02-2019, 09:20 PM   #2
Thinks s/he gets paid by the post
Boho's Avatar
 
Join Date: Feb 2017
Posts: 1,844
The player with the highest fish net account value wins.
Boho is offline   Reply With Quote
Old 05-03-2019, 08:08 AM   #3
Recycles dryer sheets
 
Join Date: Jan 2014
Posts: 170
+1 Agreed on the "fish net" phrase.
DatumPoint5 is offline   Reply With Quote
Old 05-03-2019, 09:47 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
To Spudd -

Do you set the contest rules or are they fixed? Reason I'm asking is because during my initial trades, I went up against a position limit of $25,000. The limit might be right for stock pickers but I'm pretty much an index type investor.

For example, when I tried to simply buy 3 index ETFs to my desired allocations then be done with my picking , result was no-go as I can't have more than 25% in a position.

Ended up stuck with for a smaller % allocation that I really wanted.
Attached Images
File Type: jpg contest.jpg (67.5 KB, 38 views)
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 05-03-2019, 10:10 AM   #5
Thinks s/he gets paid by the post
Boho's Avatar
 
Join Date: Feb 2017
Posts: 1,844
Quote:
Originally Posted by easysurfer View Post
To Spudd -

Do you set the contest rules or are they fixed? Reason I'm asking is because during my initial trades, I went up against a position limit of $25,000. The limit might be right for stock pickers but I'm pretty much an index type investor.

For example, when I tried to simply buy 3 index ETFs to my desired allocations then be done with my picking , result was no-go as I can't have more than 25% in a position.

Ended up stuck with for a smaller % allocation that I really wanted.
You can get what I have in Investopedia - SPY, IVV, VOO, and VTI. Which I think is three S&P 500s and a NASDAQ.
Boho is offline   Reply With Quote
Old 05-03-2019, 10:14 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
Quote:
Originally Posted by Boho View Post
You can get what I have in Investopedia - SPY, IVV, VOO, and VTI. Which I think is three S&P 500s and a NASDAQ.
Yes, I can look for similar ETFs, I suppose. But prefer not to if I don't have to.

I wonder why there should be a position limit at all. Perhaps for the integrity of a contest. In real life, I'd think if a person said, I want 100% of my investment in stock A, I'd think there wouldn't be any limit saying you can't do that. Am I wrong?
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 05-03-2019, 11:35 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
Been looking more into my predicament.

Hopefully, Spudd will read this and I can negotiate the contest rules. I created a test contest for myself to do some deductive reasoning.

I think Spudd's contest, isn't open to mutual funds as I initially tried buying funds instead of ETF's but when trying things got quirky as I'd click on the buy funds tab but the option would then go away.

On my test contest, I could easily set that to buy funds without a percentage limit.

Thus, I'm hoping Spudd can update the contest to allow for mutual funds with no percentage limit. Thus, this would not affect the percentage for stocks picking and I could create a lazy few index funds as the picks for the contest .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 05-03-2019, 06:45 PM   #8
Recycles dryer sheets
 
Join Date: May 2013
Location: Toronto
Posts: 230
I just accepted the default of 25% max position size but I have gone in and changed it now to be 100%, so you should be able to be all in on one position now if you like.

Oh, andi added the ability to buy mutual funds as well. Let me know if anything else needs to be changed.
Spudd is offline   Reply With Quote
Old 05-03-2019, 06:47 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
Quote:
Originally Posted by Spudd View Post
I just accepted the default of 25% max position size but I have gone in and changed it now to be 100%, so you should be able to be all in on one position now if you like.

Oh, andi added the ability to buy mutual funds as well. Let me know if anything else needs to be changed.
Thanks!
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 05-04-2019, 10:14 AM   #10
Full time employment: Posting here.
 
Join Date: Jan 2013
Posts: 681
I am ambivalent about joining this game, but have tentatively decided to do so. I am unconvinced that a third contest is necessary. The previous game clearly demonstrated what most of us already know - that passive index investors will beat the majority of active traders, and that the traders who outperform can't be predicted in advance.

On the positive side, my participation figures to require minimum effort, since I don't plan to actively trade. I just hope someone decides to play the role of benchmark by buying and holding VTI or some similarly diversified investment.
karluk is offline   Reply With Quote
Old 05-04-2019, 10:47 AM   #11
Thinks s/he gets paid by the post
Boho's Avatar
 
Join Date: Feb 2017
Posts: 1,844
I tried joining as Boho so I could be the index investor this time but it said I need a 6 letter user name so I tried BohoII and Bohotwo but I got the same message. And for some reason I was only able to enter one letter for my last name. And the box for my email address disappeared. I'd normally try another browser or changing a browser setting but it's not worth it.
Boho is offline   Reply With Quote
Old 05-04-2019, 11:14 AM   #12
Recycles dryer sheets
 
Join Date: Mar 2018
Posts: 363
Quote:
Originally Posted by Boho View Post
I tried joining as Boho so I could be the index investor this time but it said I need a 6 letter user name so I tried BohoII and Bohotwo but I got the same message. And for some reason I was only able to enter one letter for my last name. And the box for my email address disappeared. I'd normally try another browser or changing a browser setting but it's not worth it.
Didnt ask for email, 6 letters got me in check for other errors, last name us only 1 letter. When i checked my profile email was listed as fakefake@fake.com
ransil is offline   Reply With Quote
Old 05-04-2019, 01:31 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
OldShooter's Avatar
 
Join Date: Mar 2017
Location: City
Posts: 10,308
Darts, anyone?
OldShooter is offline   Reply With Quote
Old 05-04-2019, 01:39 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
Quote:
Originally Posted by Boho View Post
I tried joining as Boho so I could be the index investor this time ....

Maybe should have used something like BohoSeesTheLight as the index investor .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 05-04-2019, 01:40 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
Quote:
Originally Posted by OldShooter View Post
Darts, anyone?
That's darts choice is tempting.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 05-04-2019, 03:42 PM   #16
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
I joined,but won't be playing as it will not let me trade the ETF's and reverse ETF's I would be using.
NYEXPAT is offline   Reply With Quote
Old 05-04-2019, 10:27 PM   #17
Recycles dryer sheets
 
Join Date: Sep 2016
Posts: 340
If one wanted to win a paper trading contest isn't the best strategy to use leveraged funds and high beta stocks? Trading around earnings releases. (I did not create a login so I did not really see what this was about).
triangle is offline   Reply With Quote
Old 05-04-2019, 11:20 PM   #18
Thinks s/he gets paid by the post
Boho's Avatar
 
Join Date: Feb 2017
Posts: 1,844
Quote:
Originally Posted by triangle View Post
If one wanted to win a paper trading contest isn't the best strategy to use leveraged funds and high beta stocks? Trading around earnings releases. (I did not create a login so I did not really see what this was about).
Yes, if you care about that. No if you're testing a system you're thinking of actually using or one you want to test for whatever reason.
Boho is offline   Reply With Quote
Old 05-05-2019, 02:01 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 13,127
Quote:
Originally Posted by Boho View Post
I tried joining as Boho so I could be the index investor this time but it said I need a 6 letter user name so I tried BohoII and Bohotwo but I got the same message. And for some reason I was only able to enter one letter for my last name. And the box for my email address disappeared. I'd normally try another browser or changing a browser setting but it's not worth it.
Wonder if nunnun plans on joining and being the frame of reference again.

If no takers, maybe I can create a dummy contestant picking a total market index.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 05-05-2019, 02:37 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ls99's Avatar
 
Join Date: May 2008
Posts: 6,496
Stocking Picking Contest - v3.0
__________________
There must be moderation in everything, including moderation.
ls99 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Stock Picking (Beat Boho) Contest - V2.0 easysurfer Active Investing, Market Strategies & Alternative Assets 1649 04-07-2020 03:15 PM
Stock Picking ("Beat Boho") Contest easysurfer Active Investing, Market Strategies & Alternative Assets 235 04-20-2017 10:06 AM
Ohio waitress wins CNBC stock picking contest cute fuzzy bunny Active Investing, Market Strategies & Alternative Assets 21 07-20-2007 10:22 PM

» Quick Links

 
All times are GMT -6. The time now is 03:19 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.