The Trading Game
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
- set a logical order (lowtrades.com) or conditional order (etrade.com)
- 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