The Trading Game

From Bitpost wiki


Scoreboard


Requirements

  • To play, you post your stock trading conquests. No need for volumes, just prices and percentages.
  • To do well, you have to....
    • Pick at least somewhat decent stocks, ha!
    • Consistently follow the rules.

Rules

  • choose stocks that you think will be going up in the near future
  • set a reasonable limit buy to snag the stock
  • once a stock is bought, immediately take ALL THESE ACTIONS...
    • set a logical order (lowtrades.com) or conditional order (etrade.com)
      • stop sell at 95% of buy
      • limit sell at 105% of buy
    • set an alert at 102% of buy
  • wait
  • if the alert hits, cancel and recreate the logical order as follows...
    • stop sell at 98.5% of current price - you will always at least break even after the first bump
    • limit sell at 105% of current price
    • set an alert at 102% of current price
  • eventually the low or high sell will hit
  • pick a new stock and repeat
  • IF IT FALLS, LET IT FALL; do NOT be a SUCKER and stupidly rush in to pick it back up!

Winner

Everyone who plays!

TODO Automation Pseudocode

  • check out the amazing QuaintLib C++ library and the E*trade API
  • user creates an input list of picks and limit buys
  • app runs continuously, maintaining portfolio details (stock, initial buy price, current sell bracket)
  • loop forever
    • get quotes
    • loop portfolio
      • if quote is within 2 of sell limit, raise limit and stop by 2.5
    • loop picks
      • if pick hits, buy and add to portfolio
    • wait 2-18 minutes