[Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!!

[itod]

Oh boy. Looks like so far, the old adage that traders don't outperform the market still holds, hehehe...

(Don't flame, I'm not serious. It's way too early to tell, but I really like the idea. Will tip accordingly )

It's amazing how bad we are collectively. IMHO the problem is that there's no way we can use bots, if bots are active there'll be a whole other story, it's really hard to do this manually.

[Tzupy]

It would be easier without the 8h between trades rule. IMO a fair trading simulation should allow 2 (two) pairs of trades
within 24h (buy-sell-buy-sell), to avoid getting bull trapped and to buy at a local bottom quickly after selling.
With the 8h rule it's a different game, not really trading simulation, and more frustrating. But I can play it like that.

[mm5aes]

Buy at $269.62USD

90.38 at 269.62 = 0.335212

[e1ghtSpace]

Buy @ 266.97

For some reason I am having a mind blank and can't figure out how to calculate how much btc that is. :/
Can someone remind me?

[janos666]

I bought in way too early it seems. Good thing I kept my leveraged short opened in reality and only bought back around 260 (and sold @270).
I guess I made this simulation buy as "virtual mental hedging" against my real short. I am a simulation bagholder now. The rules make it too risky to try and play the smaller swings in order to crawl out of the red.

[slowmo1983]

II am still aktive, but currently only hodling!

[Omikifuse]

I allow the price to go up again.

Selling @267.76

[Omikifuse]

The money hodlers are winning

At least we don't have a noob trader in the first place anymore

[mm5aes]

Buy @ 266.97

For some reason I am having a mind blank and can't figure out how to calculate how much btc that is. :/
Can someone remind me?

Been there 

Divide the amount of dollars you have by the price you bought at.

[dnaleor]

I allow the price to go up again.

Selling @267.76

according to my excel sheet, you already bought... I'll check again


edit: was confused. So you are selling again, for USD (at a loss...)

[GreekGeek]

Still active
hodling USD like a Boss
 

[Tzupy]

Still active
hodling USD like a Boss
 

Don't you mean "HODLing"?

[RyNinDaCleM]

It would be easier without the 8h between trades rule. IMO a fair trading simulation should allow 2 (two) pairs of trades
within 24h (buy-sell-buy-sell), to avoid getting bull trapped and to buy at a local bottom quickly after selling.
With the 8h rule it's a different game, not really trading simulation, and more frustrating. But I can play it like that.

Oh boy. Looks like so far, the old adage that traders don't outperform the market still holds, hehehe...

(Don't flame, I'm not serious. It's way too early to tell, but I really like the idea. Will tip accordingly )

It's amazing how bad we are collectively. IMHO the problem is that there's no way we can use bots, if bots are active there'll be a whole other story, it's really hard to do this manually.

I agree with both of you.
In my real trading, I can stop out if the price moves against me within 8 hours and I can take profit if my target is reached before 8 hours. If this is how we traded on the market, you might as well sleep once you put a trade out there.

I'm so far down now, that I don't want to take this loss, and many moves are while I'm afk (no limits). Oh well, I'll continue to play since it's all for fun, but it's not exactly the most accurate representation of trading or the traders' skill.

[oda.krell]

Oh boy. Looks like so far, the old adage that traders don't outperform the market still holds, hehehe...

(Don't flame, I'm not serious. It's way too early to tell, but I really like the idea. Will tip accordingly )

It's amazing how bad we are collectively. IMHO the problem is that there's no way we can use bots, if bots are active there'll be a whole other story, it's really hard to do this manually.

It would be easier without the 8h between trades rule. IMO a fair trading simulation should allow 2 (two) pairs of trades
within 24h (buy-sell-buy-sell), to avoid getting bull trapped and to buy at a local bottom quickly after selling.
With the 8h rule it's a different game, not really trading simulation, and more frustrating. But I can play it like that.

I really think it's too early to say that we suck collectively. If in half a year from now the median is well below market, and there isn't a cluster of traders who managed to substantially beat the market, we can talk again

And re: 8h waiting time. I tend to agree, but I'd say a max. of 2 trades per 24h interval would be enough to give us the chance to make use of a stop. However, this discussion is running a bit into a problem of different "trading philosophies". What you (and RyN) are asking for is closer to a scalp trading approach,  while I suspect dnaleor is trying to encourage us to play a game of swing trading.

[Tzupy]

Quoting:

A pure scalper will make a number of trades a day, between five and 10 to hundreds. A scalper will mostly utilize one-minute charts since the time frame is small and he or she needs to see the setups as they shape up as close to real time as possible. Quote systems Nasdaq Level II, TotalView and/or Times and Sales are essential tools for this type of trading. Automatic instant execution of orders is crucial to a scalper, so a direct-access broker is the preferred weapon of choice.

My point is just to be able to enter a good position or exit a bad one asap, without a time limit. It's bad enough that I can miss such opportunities because I need to sleep or do other things.

[derpinheimer]

Quoting:

A pure scalper will make a number of trades a day, between five and 10 to hundreds. A scalper will mostly utilize one-minute charts since the time frame is small and he or she needs to see the setups as they shape up as close to real time as possible. Quote systems Nasdaq Level II, TotalView and/or Times and Sales are essential tools for this type of trading. Automatic instant execution of orders is crucial to a scalper, so a direct-access broker is the preferred weapon of choice.

My point is just to be able to enter a good position or exit a bad one asap, without a time limit. It's bad enough that I can miss such opportunities because I need to sleep or do other things.

Yep, all of my good, real trades were like that. Lots of small 1-5% profits

[Tzupy]

Buy at 267.55$
I might regret this...

88.886$ / 267.55 = 0.33222 BTC

[oda.krell]

Quoting:

A pure scalper will make a number of trades a day, between five and 10 to hundreds. A scalper will mostly utilize one-minute charts since the time frame is small and he or she needs to see the setups as they shape up as close to real time as possible. Quote systems Nasdaq Level II, TotalView and/or Times and Sales are essential tools for this type of trading. Automatic instant execution of orders is crucial to a scalper, so a direct-access broker is the preferred weapon of choice.

My point is just to be able to enter a good position or exit a bad one asap, without a time limit. It's bad enough that I can miss such opportunities because I need to sleep or do other things.

That number is nearly meaningless. I've seen swing trading defined as not much less than weekly trades, and I've seen monthly timeframes as well. Similar for scalping: could be several hundred times a day or twice a day. Here's a more general definition, and more what I had in mind:

A scalper intends to take as many small profits as possible, not allowing them to evaporate. Such an approach is the opposite of the "let your profits run" mindset ...

And the point I was trying to make was: the format of the game (if for no other reason than practical considerations) is asking for a less 'scalping' style trading,  more of a 'swing' trading style. But I'm starting to re-interpret OP's own rules, I should stop doing that.

[RyNinDaCleM]

Oh boy. Looks like so far, the old adage that traders don't outperform the market still holds, hehehe...

(Don't flame, I'm not serious. It's way too early to tell, but I really like the idea. Will tip accordingly )

It's amazing how bad we are collectively. IMHO the problem is that there's no way we can use bots, if bots are active there'll be a whole other story, it's really hard to do this manually.

It would be easier without the 8h between trades rule. IMO a fair trading simulation should allow 2 (two) pairs of trades
within 24h (buy-sell-buy-sell), to avoid getting bull trapped and to buy at a local bottom quickly after selling.
With the 8h rule it's a different game, not really trading simulation, and more frustrating. But I can play it like that.

I really think it's too early to say that we suck collectively. If in half a year from now the median is well below market, and there isn't a cluster of traders who managed to substantially beat the market, we can talk again

And re: 8h waiting time. I tend to agree, but I'd say a max. of 2 trades per 24h interval would be enough to give us the chance to make use of a stop. However, this discussion is running a bit into a problem of different "trading philosophies". What you (and RyN) are asking for is closer to a scalp trading approach,  while I suspect dnaleor is trying to encourage us to play a game of swing trading.

Not that I'm looking for a scalp trading approach as much as the ability to preserve capital if I choose the wrong direction. I would rather sit and wait for a period of time to pass, while in USD and price rising, than buying and the price fall and have no control for 8 hours. One generates losses (which is unknown if you'll see a rise to exit in profit) and the other is simply missed opportunity. No real loss incurred.

[oda.krell]

...

Not that I'm looking for a scalp trading approach as much as the ability to preserve capital if I choose the wrong direction. I would rather sit and wait for a period of time to pass, while in USD and price rising, than buying and the price fall and have no control for 8 hours. One generates losses (which is unknown if you'll see a rise to exit in profit) and the other is simply missed opportunity. No real loss incurred.

Sure, that's why I said, I'd prefer '2 trades per 24 hours' over '8 hour in between trades'. But tzupy argued for 2 trade pairs per 24 hours, and I don't see how that is necessary to preserve your USD value by getting out a quick stop, or am I'm missing something?