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SS7: Historical Stock Market Swings, Expensive NYC Rentals, The $10,000 UMOO/TIMalerts Challenge & More

November 8, 2008 at 10:02 am
by Timothy Sykes

Watch these 7 free video lessons on how I became a millionaire

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  • heroviper

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

  • heroviper

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

  • http://test.timothysykes.com Timothy Sykes

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

  • http://test.timothysykes.com Timothy Sykes

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

  • Funterpwave

    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.

  • Funterpwave

    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.

  • http://test.timothysykes.com Timothy Sykes

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

  • http://test.timothysykes.com Timothy Sykes

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

  • Alex

    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.

  • Alex

    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.

  • http://test.timothysykes.com Timothy Sykes

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

  • http://test.timothysykes.com Timothy Sykes

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

  • http://test.timothysykes.com Timothy Sykes

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

  • http://test.timothysykes.com Timothy Sykes

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

  • boss

    who won the video challenge??

  • boss

    who won the video challenge??

  • bobbymapp

    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.

  • bobbymapp

    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.

  • http://test.timothysykes.com Timothy Sykes
  • http://test.timothysykes.com Timothy Sykes
  • YoungGunz

    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.

  • YoungGunz

    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.