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Posted by Mike on April 21, 2008, 6:05 pm
On Mon, 21 Apr 2008 13:45:15 -0600, Greg Goss wrote:
> tickerpicker@cogeco.ca wrote:
>
>>OK - I didn't get a lot of responses from this posting. It was hastely
>>put together on Sunday as you can probbably tell from the spelling.
>>
>>Is anyone interesting in partipating in this contest? - JUST FOR FUN!!!
>>I'll offer to track the opening prices of stocks for next Monday and
>>then the closing prices for each of the days next week, leading up to
>>Friday's close that will determine the winner.
>>
>>Let me know if people are hesitant to do the e-mail thing - perhaps a
>>BLOG format might be more acceptable.
>>
>>Check out the website again:
>>
>>http://home.cogeco.ca/~tickerpicker/
>
> I'm not really interested in "stock pick" competitions. Financial
> Webring Forum has one that runs each year that I ignore completely.
>
> If I were interested in playing, I would probably join one of the
> full-year games. In my "investor" mindset, a week is too short to
> interest me. But I don't play the full-year games, either.
>
> I'm not sure that you're actually reaching many people on this
> newsgroup. Other than the spam (including the forex and MLM
> promotions), there seem to really be only four or five regulars here.
well there's probably a lot more readers than people that actually post
here.
i'm interested in a weekly stock picking forum if it could actually be
used to reliably predict profitable trades with a reasonably high
accuracy rate but i don't see how that could be done with this one.
what i'd like to see is one where the hold time is not fixed so pickers
can sell whenever they want (provided they post to the forum in advance)
and a scoring system that accumulates points (positive or negative) for
each sell (or short cover) thus a performance track record is established
for each picker.
also, each picker could have as many open trades as they want at any
time, however, this should also be tracked, so that observers can
determine how many positions would need to be held concurrently to mirror
the "model portfolio" of the picker.
for the benefit of the pickers, there would be an option to start over
from scratch (wipe the slate clean).
from an observer standpoint, the model portfolio of each picker could be
evaluated on these criteria:
1) # of accumulated points
2) # of trades
3) max # of concurrent positions open
4) length of time since starting (or starting over)
the optimal picker would be the one with the max #points with the fewest
#trades & the lowest max #concurrent positions. those pickers that start
over frequently would not get near the top list of performers as their
point scores would not get very high.
from an observer standpoint, the #trades translates into the amount of $
spent on brokerage fees (overhead% based on avg trade size) and the max
#concurrent positions translates into how much capital would be needed to
mirror the portfolio (ie. for $5k avg trade size x max #concurrent = $X
capital, for $10k avg trade size...)
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