My ranking increased, I went from the low 300,000's to the mid 200,000's today putting me in the 56% group. A leap from the 96% group I was in on Tuesday. But I have to kick myself for making two mistakes.
This is a game and since it is a game there are "cheats" that can automatically improve your ranking. You can invite people to the event and you can answer questions about CNBC. If you answer questions on CNBC you will automatically get $12,000 CNBC bucks daily. That's $60,000. If you did no trading your account would e up 6% just by answering the questions.
Plus with the unlimited number of people that you can invite you can make a tremendous amount of CNBC bucks.
I haven't been doing either and that has already put me down $36,000 since the inception of the game. Tommorow that changes.
The second mistake is buying cheaply. In one of my portfolios I bought nothing but stocks at 52 week lows at around $2-3. While when they move on the upside there is a lot of potential to make a lot of money, the continued weakness of the stock market is having a disproportionate affect on their standing.
Basically the weak are getting weaker, hmm. Trend following 101, I should slap my own hand. At the same time, the game side of me sincerely believes that if I can hold them until they rebound the rewards will be tremendous.
The question is will they rebound in a nine weeks or is the weakness here to stay?
Crystal ball anyone.
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