« previous next »
Pages: [1]

Author Topic: Taking gambles peeves me off.  (Read 15155 times)

Orca

  • Hero Member
  • *****
  • Posts: 2280
  • Karma: +54/-3
    • View Profile
Taking gambles peeves me off.
« on: November 06, 2015, 11:54:38 pm »
I wonder how many contestants in the competition would actually buy the stocks for real.
I do as I am managing other peoples money. Taking a gamble will send you either to the top or the bottom. But as I said, it is a gamble for shear desperation of winning the competition and no consideration of money management for clients.
Perhaps I got it wrong and misread the whole intention as stated.

 
Logged
I started here with nothing and still have most of it left.

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2552
  • Karma: +47/-2
    • View Profile
Re: Taking gambles peeves me off.
« Reply #1 on: November 07, 2015, 09:52:45 am »
In real life I buy STXIND and DIVTRX, so in the game I try compare that with how if do if I picked shares in real life. I'm very lucky I don't pick shares in real life! This game has saved me from big losses!
Logged

Mr_Dividend

  • Hero Member
  • *****
  • Posts: 586
  • Karma: +21/-0
    • View Profile
Re: Taking gambles peeves me off.
« Reply #2 on: November 07, 2015, 10:23:02 am »
Personally, I think I made a mistake on going for such a safe portfolio - I'll be changing it in the next couple of days. I think it would be more beneficial (as a learning tool)  If I used it to trade and not replicate my own portfolio - otherwise, what's the point?
Logged

gcr

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +28/-1
    • View Profile
Re: Taking gambles peeves me off.
« Reply #3 on: November 07, 2015, 02:27:02 pm »
I have a view that if you wish to win this competition then you by and large have to trade shares rather than invest and hold as the timeframe of the competition is just to short to hold many of the stocks.
Every single stock that I have in the competition is held in my personal portfolio but some I have held for more than 3 years so my % growth in some cases is above 150% . A point in question I bought Mr Price at R 256 per share in the competition and it has sunk to about R 220 so I am taking quite a knock on these shares. However in my personal portfolio I bought at an all inclusive price of R 103.25 so can still take plenty of pain should they drop further. My decision to buy more Bidvest, Adaptit and Clicks was based on how these shares shaped up in the competition. 
So I agree Orca's sentiments around the competition   
Logged
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4553
  • Karma: +31/-3
    • View Profile
Re: Taking gambles peeves me off.
« Reply #4 on: November 09, 2015, 07:50:26 am »
That is what I use the comp for, here and on the dark side. Gambling.... Sorry about that.
Logged
jaDEB

If it scares you, it's a sign you need to do it

benched68

  • I've just arrived
  • *
  • Posts: 4
  • Karma: +0/-0
    • View Profile
Re: Taking gambles peeves me off.
« Reply #5 on: December 29, 2015, 11:26:40 am »
Quote from: jaDEB on November 09, 2015, 07:50:26 am
That is what I use the comp for, .... Sorry about that.

Me 2, und i aint sorry.
Logged
Pages: [1]
« previous next »