The Rules of the Contest

Ramsburg · October 28, 2005, 01:03:06 PM

Rules of the Contest: HERE

(3rd edition)

calven · October 28, 2005, 03:21:50 PM

What if the average daily volume drops to below 100,000 DURING the contest...?

Ramsburg · October 28, 2005, 10:05:16 PM

Quote from: calven on October 28, 2005, 03:21:50 PM
What if the average daily volume drops to below 100,000 DURING the contest...?

We'll be ok with that, the average volume just needs to be set above 100k before the opening day of the contest.

We just needed to use some kind of limitation, to avoid highly manipulable stocks.

ehos · October 29, 2005, 01:46:35 AM

I strongly disagree with how Rule #7 is worded. I realize there will be 'ties' between picks. The first method to break the tie is really good, whoever posts first, is the winner. Simple.

The second addition, is just plain horrible. The way it's written is that a Honours Member could easily wait till the last possible minute, read all the submission and re-submit a stock pick.

It would be a lazy way to copy someone else's work.

Also, it's really not even required.

Quote from: Ramsburg on October 28, 2005, 01:03:06 PM
.

Rule #07 – In case the winner pick was picked by 2 or more players, the final winner will be the player who did post his pick in first place, with one exception in case one of the winners is an Honours Member (Subscriber), then he will be the final Contest Winner despite the date stamp of his pick.

boatguy · October 29, 2005, 09:38:45 AM

I like the idea of the contest but think opening it up to all registered members will make it unworkable just because of the shear number of picks.

I think the contest should be limited to just honors members or make 2 seperate catagories, registered or members. Registered users could be given a free membership but the cash prize should be awarded to paid subscribers.

Just a suggestion, should be interesting what ever the rules end up being!

Really enjoy the site and know it is a work in progress and appreciate all the hard work you and David put into the site, keep the ideas coming!!

BG

tugsinav · October 29, 2005, 11:41:06 AM

Can we pick anything already pick by David in 3SOF?

Ramsburg · October 29, 2005, 03:06:58 PM

Quote from: tugsinav on October 29, 2005, 11:41:06 AM
Can we pick anything already pick by David in 3SOF?

Yes, if the stock fits on Rule #03

stocky · October 30, 2005, 02:20:31 AM

Great stimulating idea. I think contest like this should be a permanent feature of 3SF.

I hope I will find my donut here or will grab some bacon from elite

wrangler · November 01, 2005, 12:02:06 PM

Hi Ramsburg
Just wnated to make sure about something. Is it ok to pick a stock listed on the NazdaqNM.
Thank you
Have a great trading day

Ramsburg · November 01, 2005, 12:08:34 PM

Quote from: wrangler on November 01, 2005, 12:02:06 PM
Hi Ramsburg
Just wnated to make sure about something. Is it ok to pick a stock listed on the NazdaqNM.
Thank you
Have a great trading day

Yes wrangler, its ok.

wrangler · November 01, 2005, 12:14:23 PM

Thanks Ramsburg
Boy

that was a quick reply. I applaud you for that.
Good luck trading

trader567 · November 01, 2005, 04:18:57 PM

I like the general idea of the contest. Yet, the specific one outlined barely compares the skills among members to identify profitable trades/investments. As we all know, one could pick a the best stock in which to acquire a long position and the stock could appreciate 1,000,000%. Yet, he could still come out a loser. The key to it all is timing- WHEN you buy and sell, not WHAT you buy and sell. Normally, a great trader can control his/her own timing by entering and exiting a position according to what the indicators show. The problem with the contest, is that it strips the contestants of this ability; it becomes a complete crap shoot.

My suggestion is the contest be redesigned to allow the contestants to pick their own entry and exit times. Obviously, this can't be on an intraday basis as it would be impossible to verify intraday execution prices. But, I think within the window you've given, we should be able to buy and sell at the open or close of any day. Such trade would have to be posted before the open or close actually occurs.

You could make this feature optional: If one wants to buy at the beginning, and sell at the end as was the default let him/her do so. But if one wants to control the timing, allow that as well.

What do ya think?

Ramsburg · November 01, 2005, 09:28:29 PM

It's a good point trader567...

We'll probably be doing this game on a monthly basis, and I had already though about that feature, because like you just said, timming is very important.

Although, we are not implementing that rule on this first edition of the contest. This is like a beta version

calven · November 02, 2005, 05:05:13 PM

Not sure if this was touched on but are "short" picks allowed?

Ramsburg · November 02, 2005, 07:39:23 PM

Quote from: calven on November 02, 2005, 05:05:13 PM
Not sure if this was touched on but are "short" picks allowed?

Sorry calven, only long picks

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The Rules of the Contest