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| Number 1 Rank in CNBC Million Dollar Challenge |
| Wednesday, March 21, 2007 |
PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!
From the previous Day
Number 1 Position in CNBC Million Dollar Challenge
 Well, I guess my previous positions worked out to my advantage. Using the risk-free approach I was able to maximize my return to over 2000% in three days. At this rate, I will be joining the ranks of Bill Gates and Warren Buffett within a few weeks. Maybe this whole eliminating risk thing is the way to go, or maybe I should spend less time modifying html code....hmmm...choices...choices.
 My real position rank has dropped down to 173,027. This is a decrease of position rank by 11,698. On the brighter side, my overall account size has increase to over 2.5% return for the last three days. Not to shabby, but it is still taking every ounce of me to resist eliminating risk. Unable to completely change my real world trading style, I still managed to put on around 9 different positions of equal weighting, and chances are...that will be my downfall to the large returns.
Another thing I noticed about the game (since I would never trade this way with my own money) is the closer you get to 4:00pm the less your chances of trade execution. Not because the system is unable to execute the trade between 4:00 pm and 8:30 am the following day, but because CNBC's site is flooded with so many users. I tried to exit a position or two starting around 3:40pm, and here are the screens I got all the way past 4:00 pm in both IE and Firefox. So much for exiting the positions. I'm sure the moves will be made tomorrow and they won't be in my favor...lol.
Later,
Fibonacci 
PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!
Index for all blog postings
If you like the blog, visit the forum at www.Primalgreed.com Let's Network!
 Labels: CNBC, Contest, Million Dollar Challenge, Ranking |
posted by Fibonacci_Trader @ 11:42 PM Add to: DiggIt! | Del.icio.us | blink it |   |
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| Fibonacci - CNBC Million Dollar Challenge 2 |
| Tuesday, March 20, 2007 |
PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!
Click here for previous day
Here's the latest from the close of 03-20-07
I've moved from the 279,999 position up to 161,329. Not too bad to move up 118,670 places in one day. Then again, tomorrow might be a different story, especially since I'm sticking with my no-risk strategy. If only they had margin...I could really destroy myself...lol
Click here for next day
Later,
Fibonacci
PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!
If you like the blog, visit the forum at www.Primalgreed.com Let's Network!
 Labels: CNBC, Contest, Million Dollar Challenge |
| posted by Fibonacci_Trader @ 9:00 PM Add to: DiggIt! | Del.icio.us | blink it | |
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| Fibonacci - CNBC Million Dollar Challenge 1 |
| Monday, March 19, 2007 |
PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!
I was kind of later to the game on the CNBC Million Dollar Challenge. The one thing I always despise about these challenges is the inability to use limit orders, having to rely on the close price, not being able to use derivatives, etc.
Another problem is having millions of players chunk down their whole portfolio on a single equity. One lucky soul will pick a winner, but I'm sure they're not considering risk.
That being said, I'm going to avoid my risk as well....not very prudent...but that's the game, and not my trading account. Here is the screen shot from the close on Monday 19, 2007, or my first day.
279999...wow...only 279998 more places to go...got to start a streak somewhere.
Click here for next day
Later,
Fibonacci
PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!
If you like the blog, visit the forum at www.Primalgreed.com Let's Network!
Labels: CNBC, Contest, Million Dollar Challenge |
| posted by Fibonacci_Trader @ 8:00 PM Add to: DiggIt! | Del.icio.us | blink it | |
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