Dear Boojilians,

For those of you who are interested to learn how to trade stock on the market or feel that they know it well but wish to show that they have a talent on choosing the superior investing strategies we created a Boojle investing game on virtual stock exchange.

During this game you get to invest into real stock based on real market information but using monopoly money. We have given all $300K to start. Let us see who will get their portfolio to a $1 million first.

To access the game register at www.virtualstockexchange.com and choose the game ID: BOOJLE (in caps)
the game password is "bukhmoney"

To access the game directly us the following URL:
http://vse.marketwatch.com/Game/GameOverview.aspx

Any questions on the rules or the registration to the game post them here.

Good Luck,
Oloringandalf

Great idea. Thanks Olorin.
Anyone interested in participating in an investment club, let me know.

great idea, this will surely help everybody.
RAHMATI KALON!

i just tried, i couldn't get in, i would like to do it using the BOOJLE and bukhmoney account, not my own, but i wasn't able to. someone help me please. thank you

You join the Boojle game and to do that you need to enter the boojle password: bukhmoney. But you have to set up an account with your name and personal e-mail address within the game. Good luck.

ah thank you very much, i got it now. thanks again

once i have created an account, and got in, what do i do to check out stocks, and possibly invest money in to them?

never mind I figured it out.

We have given all $300K to start. Let us see who will get their portfolio to a $1 million first.


I doubt anyone will. You expect people to triple the money in 4 months? I don't think even professionals can do that. $400K-500K would be a lot more realistic to expect.

I doubt anyone will. You expect people to triple the money in 4 months? I don't think even professionals can do that. $400K-500K would be a lot more realistic to expect.

it is quite hard to reach that.

Here is the current standing of our players:

nooo on friday i was number 8!!!!

Another thing, to turn it into a real learning experience, I think participants should discuss their strategies. After all, no one is an expert in stock market investing here. Everyone will benefit from this, especially those who have no clue about what they are doing.

Let me start first, putting all your eggs in one basket is never a good idea. That means not taking a big position in any stock. To achieve solid returns requires building a diversified portfolio. Monday, when the market dropped a lot, was a good test of your portfolio. If you had any positions that went up, that means you are doing something right. I personally like taking relatively small positions in the stocks of companies from various industries. By the way, what is this obcession with Google's stock?

Another thing, to turn it into a real learning experience, I think participants should discuss their strategies. After all, no one is an expert in stock market investing here. Everyone will benefit from this, especially those who have no clue about what they are doing.

Let me start first, putting all your eggs in one basket is never a good idea. That means not taking a big position in any stock. To achieve solid returns requires building a diversified portfolio. Monday, when the market dropped a lot, was a good test of your portfolio. If you had any positions that went up, that means you are doing something right. I personally like taking relatively small positions in the stocks of companies from various industries. By the way, what is this obcession with Google's stock?

btw...did you replicate my strategy with the google "short sale" of 100 shares? :)
I hope everyone figured out by now what the short sale is ...

You know what they say, great minds think alike. That's something I wanted to do in a long time.

no i dont know what "short sale" is

no i dont know what "short sale" is

Here is a definition of a "short sale" of a security:

Borrowing a security (or commodity futures contract) from a broker and selling it, with the understanding that it must later be bought back (hopefully at a lower price) and returned to the broker. Short selling (or "selling short") is a technique used by investors who try to profit from the falling price of a stock. For example, consider an investor who wants to sell short 100 shares of a company, believing it is overpriced and will fall. The investor's broker will borrow the shares from someone who owns them with the promise that the investor will return them later. The investor immediately sells the borrowed shares at the current market price. If the price of the shares drops, he/she "covers the short position" by buying back the shares, and his/her broker returns them to the lender. The profit is the difference between the price at which the stock was sold and the cost to buy it back, minus commissions and expenses for borrowing the stock. But if the price of the shares increase, the potential losses are unlimited. The company’s shares may go up and up, but at some point the investor has to replace the 100 shares he/she sold. In that case, the losses can mount without limit until the short position is covered. For this reason, short selling is a very risky technique.

Another thing, to turn it into a real learning experience, I think participants should discuss their strategies. After all, no one is an expert in stock market investing here. Everyone will benefit from this, especially those who have no clue about what they are doing.

Let me start first, putting all your eggs in one basket is never a good idea. That means not taking a big position in any stock. To achieve solid returns requires building a diversified portfolio. Monday, when the market dropped a lot, was a good test of your portfolio. If you had any positions that went up, that means you are doing something right. I personally like taking relatively small positions in the stocks of companies from various industries. By the way, what is this obcession with Google's stock?Another way to diversify your portfolio is to invest in an index ETF. For example if you invest in the SPY you will be investing in the S&P 500 index. If the index goes up you make money if the index goes down you lose money. It is an easy and an inexpensive way to diversify your portfolio.

One more thing: Basic trading philosophy buy low, sell high and you will make money!

I don't want to follow the market, I want to beat it by a wide margin. You can't accomplish that by investing in the market index.

Buying low and selling high is such a cliche. It's hard to figure out when the price is low and you should buy or when it's high and you should sell. Speaking from personal experience, more often than not, when the price of a certain stock I watch drops and I buy, it drops further making me regret that I bought it. Likewise, when the price is high and I decide to sell, it goes up further making me regret selling.

Timing the market successfully is very difficult, if not impossible. That's why I set a target price at which I would buy and sell and then act without regard to what happens to the price later.

I don't want to follow the market, I want to beat it by a wide margin. You can't accomplish that by investing in the market index.

Buying low and selling high is such a cliche. It's hard to figure out when the price is low and you should buy or when it's high and you should sell. Speaking from personal experience, more often than not, when the price of a certain stock I watch drops and I buy, it drops further making me regret that I bought it. Likewise, when the price is high and I decide to sell, it goes up further making me regret selling.

Timing the market successfully is very difficult, if not impossible. That's why I set a target price at which I would buy and sell and then act without regard to what happens to the price later.
There are a lot of geniuses like you who are trying to beat the market, unfortunately only an ellite few posses the gift of understanding and beating the market. I am just stating facts. As for buy low sell, high advice that is just the fundmanetals of every trading strategy that ever existed. So dont take it personally!

There are a lot of geniuses like you who are trying to beat the market, unfortunately only an ellite few posses the gift of understanding and beating the market. I am just stating facts. As for buy low sell, high advice that is just the fundmanetals of every trading strategy that ever existed. So dont take it personally!

One thing I like about coming to forums is that other people always point out the good qualities I possess that I wasn't aware of before.:)

I am confused. Can you help me figure out when the price is low and I should buy? It's not personal, it's just business.

Anyways, how come no one who is participating in the game is sharing their failure and success stories? Come on people, let's make it a learning experiece.

I was foolish enough to invest in the overhyped shares of a recent IPO of NYMEX. I had to take some losses before it was too late. Maybe in the long term it's worth the current price. As for successes, I made a bundle on the shares of a crappy company called Salton. The other day, long after I closed my position, the shares lost 56% in one day in the after market - nice warning to all the bottom feeders out there.

There are a lot of geniuses like you who are trying to beat the market, unfortunately only an ellite few posses the gift of understanding and beating the market. I am just stating facts. As for buy low sell, high advice that is just the fundmanetals of every trading strategy that ever existed. So dont take it personally!

Buy low sell high is not really an investment strategy...rather, it is a fundamental "desire" of every speculating trader. There is no way to predict the market movement ... it is a "random walk on wall street". The good investors are those that know what they are buying and selling, not those that can time the market. Being able to time the market is analogous to winning a lottery...it is all in luck. Only when we move beyond speculation and into long term investment strategy can we really talk about the fundamentals such as valuation and economy. Only when we talk about limit price orders we talk about strategy, not when we are vaguely talking about "buy low sell high".

http://www.zecco.com/Default.aspx
this website is offering trading for those who are interested to trade for real
they do not charge for transactions, like other brokerage firms do
has anyone heard anything about this website?
are they legitimate? are they trustable?

http://www.zecco.com/Default.aspx
this website is offering trading for those who are interested to trade for real
they do not charge for transactions, like other brokerage firms do
has anyone heard anything about this website?
are they legitimate? are they trustable?

I read their site, they have a lot of other fees that substitute for free trades. The oly way to find out is to actually open an acct.

Buy low sell high is not really an investment strategy...rather, it is a fundamental "desire" of every speculating trader. There is no way to predict the market movement ... it is a "random walk on wall street". The good investors are those that know what they are buying and selling, not those that can time the market. Being able to time the market is analogous to winning a lottery...it is all in luck. Only when we move beyond speculation and into long term investment strategy can we really talk about the fundamentals such as valuation and economy. Only when we talk about limit price orders we talk about strategy, not when we are vaguely talking about "buy low sell high".

It takes more then luck to consecutively beat the market........it takes patience and knowledge. I know one guy who is well how should I say is considered to be "trading G-d". Its not only because he is lucky but because he is of above average intelligence. All the big banks like GS, Leman, HSBC are chasing after him. I forgot to mention one more thing he is very humble and never a show off.

Take a look at what Immonuel is doing. He is just sitting on cash. I guess he is trying to prove to the rest of us that we are wasting our time and money. By doing nothing, he is already outperforming about half the people in the game.

Take a look at what Immonuel is doing. He is just sitting on cash. I guess he is trying to prove to the rest of us that we are wasting our time and money. By doing nothing, he is already outperforming about half the people in the game.

may be he forgot his password, lol

Who do you think has the best trading streategy?

Who do you think has the best trading streategy?

I'll go first, my favorite is sportak4eva, because he has good trades and holds them. He also has the least amount of transactions out of all the top players and he is doing well.

I like what IPG is going. He likes to take on a lot of risks. One day he is up $80,000, another day he is down $100,000. With this strategy, if he is lucky enough, he can easily become number one. Yo IPG, why are you so obcessed with MAMA?:) How about PAPA?

Besides, in the real world, with the amount of trading commissions he generates he would be one of the most favorite client of the brokerage firms.

I agree, spartak4eva seems to be one of the few people in the game who seems to know what he is doing.

Hey all,

I was just looking at the activity of some of the people in the competition, and noticed that when people were selling short they were trying to close the trade by selling it again. When you are selling short you close the position by BUYING back the stock.

Just a frinedly reminder! ;)
Mona:)

Take a look a this excellent article.
http://finance.yahoo.com/columnist/article/richricher/19601

The competition is getting very interesting. Trader and Simha are running very close to each other, SOFTrader and sportak4eva are running very close to each other, Arturo and Luba are close as well.
I like it! So who do you think is gong to win? Or is it too early to tell? :)

The competition is getting very interesting. Trader and Simha are running very close to each other, SOFTrader and sportak4eva are running very close to each other, Arturo and Luba are close as well.
I like it! So who do you think is gong to win? Or is it too early to tell? :)

I was hoping that I would :)

Do you guys think we should extend the time for the game to allow someone to at least get 500K?

I was hoping that I would :)

Do you guys think we should extend the time for the game to allow someone to at least get 500K?
yes please do :innoc08:

I was hoping that I would :)

Do you guys think we should extend the time for the game to allow someone to at least get 500K?
bad idea...... we should just create a second contest for that after we are done.

yes please do :innoc08:

done...added another month ... lets all try harder to reach our goal ;)

bad idea...... we should just create a second contest for that after we are done.

oh come on...give us a chance...i only made 3k on 300k in all this time...the objective will be who would be the first to reach at least 500k mark :charac32:

It looks like a lot participants in the game don't believe in diversification and prefer to bet the farm. The consequences of making a wrong bet can disastrous, as proven by some of their own experiences.:charac32: I personally try not go over 20% of the total for every long position I have.

It looks like a lot participants in the game don't believe in diversification and prefer to bet the farm. The consequences of making a wrong bet can disastrous, as proven by some of their own experiences.:charac32: I personally try not go over 20% of the total for every long position I have.

Diversification is for real life. When you are in a contest you need to make real money real fast to win you bet everything on what you know. If you know what you are doing the risk pays off well, if you don't you suffer.

Diversification is for real life. When you are in a contest you need to make real money real fast to win you bet everything on what you know. If you know what you are doing the risk pays off well, if you don't you suffer.

You sound like it's so easy making money in the stock market. This game is a simulation of the real thing. It allows you to test out your strategies without risking real money. At least, that's how I look at it. If you don't diversify, there is little room for error and you can lose serious money. If you diversify, there is a bigger chance you'll make some money. By the way, buying Microsoft and Dell is not diversification.

Here is the question for all participants in the game, would you do in the real world what you have been doing in the game? Let's scale it down to a realistic amount of money available, say $15,000.

It depends how you approach this game. You can see it as a competition and therefore, you risk more, because you want to win. In the real world, its more complicated. You have to monitor the stock and buy it if the stock meets your investment goals. I like this game, but it has limitated application to the reality if you approach it as a game where you have to be first.

Now I see the reason why nobody is discussing what they are doing. People are afraid their "competitors" will benefit from their "successful strategies":mad34:

I am looking at the game as a learning experience and not trying to be number one. I will be quite satisfied if I am in the top 5. I've learned a number of lessons, which will help be a better investor in the real world.

Ura..google is going up again :)

Here is the question for all participants in the game, would you do in the real world what you have been doing in the game?

Definitely not! I would be a lot more conservative in real life..........maybe if I hit the jackpot then I would trade the way I am trading in the competition.
In real life you need to do a lot of research and think through your decisions well. I probalby would not pick a volatile stock, I would probably pick something less volatile and more solid, I would hold it for a long time.

Does anyone know any good mutual funds?

Why can't you do both investing and trading at the same time? I would invest in real life in some of the companies I hold in the game. I would probably be more careful in the real life, though.

Check out PRSGX(equity fund), FSICX(bond fund), PRMSX(a bit risky)
Also consider investing in Exchange Traded Funds - index funds traded like stocks. There are thousands of them. Use ETF screen on financial sites.

Why can't you do both investing and trading at the same time? I would invest in real life in some of the companies I hold in the game. I would probably be more careful in the real life, though.

Check out PRSGX(equity fund), FSICX(bond fund), PRMSX(a bit risky)
Also consider investing in Exchange Traded Funds - index funds traded like stocks. There are thousands of them. Use ETF screen on financial sites.
Thanks SOF!
I really like this one PRMSX.......emerging mkts, good stuff.

I liked it also. However, it dropped 5% in one day, which is unusual for mutual funds, when Thai government put in capital controls.
Originally I was looking at an ETF with similar objectives, ADRE, when it was at $31. I kept waiting for the price to drop, but it actually went up and is now trading at $39. That's why I bought PRMSX.

Olorin,

I think you should change the rules of the game to make it fair. Since this is an investment game, participants should be fully invested and should not be allowed to hold a lot of cash - less than 10% for example.

If you are confused about mutual funds I recommend you read the book I am reading "The Neatest Little Guide to Mutual Fund Investing" by Jason Kelly. Really easy to understand and follow.

Is the investment site not working? It is really pissing me off.

Is the investment site not working? It is really pissing me off.

yeah same here.

A good site for all of you who likes ETFs www.etftrends.com.

There was a glitch in the system. One of my stocks had a 2:1 stock split, which doesn't affect the market value of the position since shares should be doubled and cost halved. However, for some reason it didn't dot it and got swindled out of $26K.

Olorin,

I think you should change the rules of the game to make it fair. Since this is an investment game, participants should be fully invested and should not be allowed to hold a lot of cash - less than 10% for example.

Since holding 100% cash is also an investment strategy, I will leave things as they are. I cant force people to buy. The game is still fair. Just don't be jealous of Imonuel ;)