DISQUS

heroviper · 1 year ago

Tim will you be in the game? If you are, then no one can take away the prize. lol

Timothy Sykes · 1 year ago

nah i cant play, it'd be a conflict of interest, i'm just the ringmaster

Funterpwave · 1 year ago

Seems like if you live in Maryland, like I do, you cannot sign up to the UMOO website, hence cannot join the challenge... Dont understand why, but there are only 35 states that can be selected.

Timothy Sykes · 1 year ago

absurd gambling rules, funny that anyone can use 10,50, 100x leverage in forex but some dont allow simple games...pathetic

Alex · 1 year ago

The problem with these virtual trading games is that they don't really model the market that well. It's pretty much impossible for them to account for real trading dynamics such as slippage, brokerage-dependant factors like short share availablity, difficuly in buying large blocks at ideal prices. In these games you can easily "cheat" by say, trading penny stocks in totally unreasonble sized lots or shorting stuff that would not be available to short in the real market.

I think the best way to make these as realistic as possible is to only use opening and closing prices (i.e. no day trades) and limit the size of trades based on the average daily volume of the stock (i.e...if the stock trades less than 100K, limit size of lots to 1K). The issue regarding shorting is difficult to program, as that is largely broker-dependent.

Timothy Sykes · 1 year ago

its just a game alex, every game is flawed in some way

Timothy Sykes · 1 year ago

snd i dont think we're gonna be able to short penny stocks in the game, i think its s&p 500 only

boss · 1 year ago

who won the video challenge??

bobbymapp · 1 year ago

I signed up to UMOO a couple of weeks ago, but only played once. Only thing available are s&p 500 stocks like Tim said. Kind of pointless to what we do here.

Timothy Sykes · 1 year ago

new post:

http://timothysykes.com/2008/11/08/learn-how-im...

younggunz · 1 year ago

Yeah it doesn't relate to penny stocking but hell its a contest to try and win some real money. There are 800 plus alert subscribers. Lets say 25% actually enter the contest. Thats pretty decent odds for winning $10,000.