week of 24 june thru 1 july 2016

[blygh]

Joe is the winner !!
for the week ending July 1

                                                                                                            

       

     

RIDER	HORSE	ENTRY	LAST	% CHANGE	RANK
BLYGH	RUSS	15.88	13.24	-17%	6
TIARRA	STZ	152.30	163.61	+7.4%	3
IRA	JNUG short	191.35	238.05	24.4	2
SPIDERMAN	NQ	3.71	3.75	1%	5
JOE	UVXY short	15.06	8.85	+41.5%	1
MKT	QQQ	103.61	108.8	+4.3%	4%

Congratulations Joe

[tiarra]

Here is this week's lineup:

Horse	Rider	Entry	Last	% Change	Rank
RUSS	blygh	Row 2 column 3	Row 2 column 4	Row 2 column 5	Row 2 column 6
STZ	tiarra	Row 3 column 3	Row 3 column 4	Row 3 column 5	Row 3 column 6
JNUG short	ira	Row 4 column 3	Row 4 column 4	Row 4 column 5	Row 4 column 6
NQ	spiderman	Row 5 column 3	Row 5 column 4	Row 5 column 5	Row 5 column 6
UVXY short	joe	Row 6 column 3	Row 6 column 4	Row 6 column 5	Row 6 column 6
QQQ	mkt	Row 7 column 3	Row 7 column 4	Row 7 column 5	Row 7 column 6
		Row 8 column 3	Row 8 column 4	Row 8 column 5	Row 8 column 6

How does this look???  We just need to fill in the values

[tiarra]

Does anyone want to be admin? I have gotten in touch with Proboards about that. I had to submit Darrell's obituary, which there really isn't one.

www.directcremationseacoast.com/darrell-e-gross/

[tiarra]

Please take time to review this new post about us having a new Admin: dgoriginal.proboards.com/thread/543/looking-new-forum-owner

[blygh]

A

[bankedout]

If you want to continue racing, it might be too much effort to post daily results.

You could track the opening price on Monday morning for your picks, and the closing price on Friday, and make one post of the final result.

That might be more manageable!

You don't need to use the format dg used, you could just type a list using a few spaces between the "columns".

bankedout QQQ short $104.95 $99.00 +5%
tiarra XYZ long $10.00 $15.00 +50%

Not as fancy, but easier to deal with!

[blygh]

I am pretty good with Excel I will see if I can post a spread sheet as an image - but I agree that daily updates are a pain. To make the horse race more realistic I think people should be able to choose stops and limits and to get out of a position at will (the rider would get the price at that time

Blygh



Please post your Picks for me ALKS long

Blygh

[blygh]

The line up for the w/e July 8 2016

[tiarra]

Thank you BLYGH. I will be more than happy to help in any way.

HELE Long

[joe]

Thanks . Short AMZN

[sd]

"To make the horse race more realistic I think people should be able to choose stops and limits and to get out of a position at will (the rider would get the price at that time "

Blygh

Input from an absentee player- I think that is an excellent suggestion, more accurately reflects the ways a trader can position himself. The stop price would be the open price that executes the trade on the open as a market order.
The opportunity now is to construct an outline of the race that reflects added aspects of real trading to the participants.

[joe]

I agree with SD, but that would be a lot of work to keep up with.

[sd]

Some 20+ visits to this board in the past 24 hours- but no actual posts- I guess this board could simply wither away,or it could continue- or evolve and become whatever the membership would like-it to be. I would like to contribute to this board's continuation within my limitations for available time. I will not be able to update daily results on a regular basis.
I often work 6 days a week, getting home after 6 pm most week days.

i think the members - as Blygh suggested- should make suggestions that they think makes the race more relevant. We could try to add the varying ideas and see what works.
If you are interested in continuing the Race, let's also consider this-

As a racer, you have a starting account at the beginning of each quarter (13 WEEKS) of $100,000.00 in your account. You will need to trade this account in the race exactly as you would a real funded account-
You can purchase as many shares of your horse pick- up to your account value that is reflected on the Monday Open. You do not have to use your entire account value on a single race-
As a matter of fact, that may be prudent to learn to position size your entry over the 13 weeks as surviving the long haul.

You can also set a market stop-loss- or a target gain for your position . Note- If price opens below your stop-loss, you get the open price.

I think this would make the race more relevant compared to an actual account- Gets to reset 4x a year- and will be a good learning tool for evaluating Risk and reward, and position sizing techniques. It's also non judgemental.

Racers interested? It would be useful if the Racer posted the reason for their selection

Today I was off- I actually took a short on Gold with GLL in my actual account, and long MSFT and GOOG.

If members want to continue the horse Race and like the idea of betting a percent of their $100,000.00 -
Post it, give feedback, make the horse race relevant to you.
I will contribute as time allows- Perhaps Blygh and Tiarra and ? can step ion aND MAKE THIS A COLLABORATIVE VENTURE FOR ALL.

cONTACT ME [e-mail]

[tiarra]

Thank you SD!!! Your proposal sounds complicated to manage (for the admin), but it would make for better competition. I have often just wanted to enter the race and say if it goes above this I am long and below this I am short. I will be happy to help in anyway you would like. I really appreciate you stepping up. I enjoy this race and hate to see it fall by the wayside. BTW, the way I have traded the last several months on here has been picking stock earnings (usually for that Thursday). I am really enjoying this method and have like the returns as I would normally get out the day before earnings come out.

[sd]

Excellent Tiarra, Very Nice to have you on board!
I think it's also beneficial that you are willing to share an approach that has worked for you in recent months-
"BTW, the way I have traded the last several months on here has been picking stock earnings (usually for that Thursday). I am really enjoying this method and have like the returns as I would normally get out the day before earnings come out."
Sharing what one finds to be working- or not working- benefits everyone.


I would hope the other members would also be willing to give it a try as well. It should be in a format the majority of the members would like to see, and while I am only making some suggestions, the members can decide if they want to adopt any or none- and offer their own ideas. We can continue the race as it has been done , or, members can opt in to participate with employing stops or targets, and use some or all of their "Bankroll"

The Race can still be run just as it has been in the past, with Racers placing an entry and the winner is decided by the largest % gain by market close on Friday-
I'm good with that - if that is what the members want-
As you mentioned- and Blygh suggested- real world trading is not that finite Monday am through Friday pm.

I think Blygh's suggestion of stops and targets more accurately reflects how we might really position ourselves in our actual trading, and thus be more relevant to the methods we actually might use in the real trading world.

I went on to think that it would be beneficial if we all started with a nice endowment from Aunt Martha (she was always my favorite) and funded the account with $100,000.00
This would add an additional variable -and complexity as you noted- but would also prove insightful over the longer term for each individual trader. It would perhaps engage each trader
to see their approach in terms of weekly cumulative returns- and at the end of 13 weeks, The Cumulative winner would be announced, the most frequent weekly winner would be acknowledged, and the account would be refunded by Aunt Martha with a fresh $100,000.00.

Here is the 'Why' - that having a cash $$$ starting position is relevant- Again, i think it was Blygh that numerous times noted ' Live by leverage, Die by leverage' .
To more reflect the real world trading- and the propensity to use leveraged positions in the Horse race- One does not have to consider if that leveraged position works against you - you simply were not the winner that week- That tends to make Racers choose the more leveraged positions week in and week out- However, if that leveraged position cost you 20% of your account value, you might reconsider how much you would wager on it- This is more reflective of the real world in which we actually execute trades.

The goal with this aspect of the Racer having a funded account, is that he-or she- would then take the element of Risk as a consideration in his/her race selection- because it could impact their funding for the 13 week period. This is the same that You or I do when we choose to take a trade in our actual accounts.

You are correct - To manage stop losses and targets is a level 1 higher in complexity- I think it is reasonable to do in order to reflect "Real Trading' environments.
I think I suggested a 'Position Sizing" approach- where a trader could elect to use only a portion of their account- That would add an additional complexity that I think would be too involved at this time- So, I would suggest we each start each quarter with Martha's $100,000.00 endowment, have the option to select stop losses, or targets, and see who ends up with the highest account value at the end.

This financial accounting over a 13 week period - this needs to be synched with the calendar from Jan- will reflect the results of real world trading-
If i employ a leveraged trade (UVXY) and lose 20% that week, my account drops down to $80,000.00 . I I had more prudently selected GE, I would have lost 3% and would have $97,000.00 for the next week's race.
Yes, this puts an additional responsibility on the individual Racer- You now have a real (virtual) account to manage. This weeks race selection will have an impact on how much you will have- net gain or net loss- on next week's position. HMMM, do you take the 2x or the 3x leverage-
If i think GLD will be a winner, I might want to select the 3 x UGLD - will be the weekly out performer- If I am right, I win the weekly race and my account value gains 10% - I am now trading with $110,000.00
If Gld declines 3% though, UGLD loses 10% and my account value lose $10,000.00 and i am down to $90,000.00


Trades are locked in if posted before market close on Friday at the closing prices.
Trades listed after the friday close will be the open on Monday based on the stockcharts open price- (My source)

I look forward to everyone participating and giving this chance for this site to continue on.
I think there is an opportunity for this relatively small but consistent group -to stay active together-
Members have enjoyed participating in the race for a very long time= Let's keep that together, keep racing.
In the vacuum that is the internet, this space, this group, has showed a resilience and participation that reflects a common
desire to meet together in this relatively tight group, with a common -non-judgemental- competition.

There is no judgement here- Consider that the Horse Race is about testing a strategy approach- in real weekly time-
This is part of the learning process we go through as traders trying a new approach-
Together, we can continue the Race, and , by adding elements- such as having a position balance to trade around, we will not only be engaged, we will also "learn: "
about taking on added Risk- or being too conservative- These are all things that we deal with in the real trading world that impacts our real accounts.

I would encourage all past members to Hang in and give this a try- There is a lot of History here-some really good stuff for all those that contributed, and i would hate to see it simply go by the wayside- The horse Race is a neutral place to participate. It can remain that, or it can become even something more for each member-
Give it a chance Guys and Gals, and we can reassess down the road.
\
Here's the guidelines-
Each racer has $100,000.00 starting account- For the remainder of this quarter, your Entry is a full position size of your account value.
Choose your Horse Race pick, and you will get the Fill at the monday open-
I am looking at the recent events in Turkey- My actual Short Gold position I took this week in GLL is going to get clobbered =likeluy - at the Monday open.

Note that I took the Gold short position because i felt the move was over done- and it initially moved in my favor- However, today's actions in Turkey n now upset the Apple cart, and will likely upset the markets- I am trapped in GLL until Monday am. I would have taken a LONG Gold Trade Friday if this occurred during market hours.
SUCH is Trading- This real world stuff is where we need to be cognizant of in terms of our positions, our Risks.
Today is Friday PM-
My Entry position for this week is UGL- A gold Ultra long. My profit target is $48.00 My stop-loss is $45.00
I am making this selection after hours Friday pm, so my fill will be the open on Monday.
Note that this entry is based on the after market newsw of the horror that occurred in Turkey that will affect the markets.
This is the world we live in today, that requires a trader to be willing to adapt to changing environments stimulus.
Position traders get chewed up on this type of reaction.

I will have to update as Time allows- I will have to consider each entry up to the market open Monday. and at best I can post late Monday pm.
This is basic Excel- Bear with me- this is a learning process that many already are familiar with. Work load limits my hours to respond.

Racers, Hope to see your Entry posted! This is Now Up to you,and only you. Make your Race pick, give input as to what you want the race to become- or to remain.
I will try to update as time allows me .
SD
font]