Welcome to the inaugural "Silver Stackers Super Trader" game. PARTICIPANTS: The following participants will fight it out for Super Trader supremacy in game 1. Caput Lupinum MyNamesNotBen whereisado whinfell Greenman Slippage Eureka Moments Trew bull_bear wrcmad RULES: Please familiarise yourselves with the following rules: 1. The competition is run over 15 consecutive weeks from close of trading Friday 28th Feb till close of trading Friday 13th June. 2. Each participant will begin with a kitty of $50,000 3. Three (3) stocks to be held at any one time. No more, no less. 4. Trades will be accepted within a window of 4 hours post market close on Tuesdays and 24 hours post market close on Fridays. This gives the adjudicator time to input data and upload it onto Silver Stackers. Please be timely, as it will make my life easier. I need a weekend too. 5. No more than 50% of your portfolio can be spent on any one stock and no less than 10% of your portfolio can be spent on any one stock in the first two trading weeks. 6. No more than 10% of your portfolio is to be held in cash at any one time 7. Maximum of one trade on Tuesdays and one trade on weekends. 8. Minimum one trade per week with a penalty of $1500 if a single trade is not completed for the week. 9. One stock is to be your "keeper" and you will hold it from beginning to end. Please nominate your keeper when you pick your first three stocks this coming weekend. 10. Stocks will be bought on the offer price and sold on the bid price. 11. All stocks to be traded long. 12. Once trade is sent to the adjudicator, it is immediately confirmed and actioned (i.e. no cooling off period) 13. All stocks bought must be listed on the ASX. 14. Trading is free. 15. Once a stock is owned, it is immediately quarantined for that individual. It can only be traded in again two weeks (14 days) after it is sold. 16. You cannot trade into a stock that is in a trading halt, however you may trade out of a stock that is in a trading halt. PRIZES: First prize is 3.7 troy ounces of junk silver coins. Second prize is one troy oz of pre 1946 silver coins. LOGISTICS: This coming Friday after market close, each participant shall PM me with the three stocks that they will begin with (please indicate your keeper). You have a window of 24 hours to do this (please refer to the rules when selecting your stocks). Please PM all trades to me via private message in the following format: Date/Your Name/Buy or Sell/Stock code/amount/price per unit/cost An example is given below: 28-3/Greenman/SELL/KCN/5000/$1.20c/$6000 28-3/Greenman/BUY/SLR/10,000/.67c/$6700 Or for example on a Tuesday arvo 8-4/Greenman/No trades Remember to buy on the offer price and sell on the bid price!!! Mrs Greenman will be double checking your trades. You wouldn't like her when she's angry :| RANKING: Your weekly ranking in this competition is based on the bid price of your three current stocks plus the cash component of your portfolio (10% max.) once the weekend trading period is closed. The overall winner will be the individual with the highest total position immediately the market closes on Friday 13th June. BANTER: It's all part of the game. Just keep to the Silver Stacker Forum rules and keep it to this thread. Finallygood luck everyone. Obey the rules at all times and most of all, have fun!! QUESTIONS: Just ask! EDIT: Added numbers to the rules, added rule 15 & 16 added a prize for second place and adjusted rule 5.
Does one 'Trade' constitute one or two individual transactions ? Ie: trade=(sell X, buy Y) Also will current holdings of all participants be posted each week ?
One trade = (sell X, buy Y) Yes, every item of info you could imagine will be posted after weekend trading has occurred, including the weekly leaderboard, your portfolio and your total profit/loss.
Hello, I am from the government. I will expect that 30% of profits to be forwarded to my coffers. enjoy the fun....
Greenman, thanks for running the comp! And special thanks to Mrs Greenman for all the double checking she'll be doing! Just to clarify my understanding of the rules - Any given trade must buy/sell different shares, i.e. sell X, buy Y, rather than sell and re-buy the same share (sell X, buy X) ? Trading must be based on closing prices rather than intra-day pricing, i.e. trades must use market closing prices on Tuesday and Friday?
Welcome aboard Whinfell. Yes and yes. Cannot re-buy same shares on same day and trading uses market close prices. We can't make it too easy.
I'm assuming if you already own both X and Y you can sell some of X and buy more of Y. Greenman - Can you trade your 'keeper' stock ? ie sell and buy through the game provided you maintain at least a minimum holding of the keeper at all times.
Thanks for the question Trew. This is why I posted the game early in the week. All trades are clean trades. I understand what you are asking, however not sure it is in the spirit of the game to just circle two stocks (not saying that was your intention). So therefore I am adding the following rule: 15. Once a stock is owned, it is in quarantine for that individual. It can only be traded in again two weeks (14 days) after it is sold. Keeper is not to be traded at all. You need to get your keeper right from the start. Hope this helps.
No worries. On Friday you purchase your 3 stocks including one keeper (Stock A, B and C). Lets say stock A is your keeper. Stock B and C cannot be added to at any point whilst you own them. Stock B and C can be traded, however you must sell ALL of your holdings in stock B or C at any one time, no partial trades. This is what I mean by clean trades. If at the end of week one you decide to trade stock C for stock D, then a 14 day quarantine begins on stock C. This means that you can't buy back into it again for 14 days. Stock A is with you for the entire duration of the competition. You cannot add to it or take from it. I hope this makes sense. If not, let me know. I'm trying to keep this game as simple as possible as it is a pilot game.
Correct. At market close on Friday (After 4:10pm AEDST), all stocks will be bought on the offer price at that time including your keeper. Not long to go now!
Just a free tip for this coming Friday to all participants... I have been war-rooming this game over the past few days and would strongly suggest you leave some money in cash when you pick your initial 3 stocks. Especially if you plan on spending just 10% of your portfolio on any one stock. Some of you will already know why. Others will pick it up pretty quick! If you would like a simple excel trading sheet that is based on the one I will be using for this competition, PM me with your email address. it might come in handy for some of you during the trading periods. It is pretty simple and looks like this: Don't look a gift horse in the mouth.
