FXI is up 6% today WOO hooo!!!! My portfolio is up.

Today i am going to take some serious positions in Silver and Gold Double Long ETN (DGP), and perhaps the India Fund ticker symbol IFN. India and China stocks are so cheap right, Panda is seriously drooling. CalGal and Awgee, you guys are right! Panda Challenge is so much Fun, Fun, Fun!!! and we are not even using our own money to gamble right?

Graph right?? Graph, Please don’t tell me that i have to payback my Panda Challege Account if i lose all of the $100k?

PANDA - 18 September 2008 04:43 AM

Good thing i bought FXI in my Panda Challenge Account, not in my Real Account. IPO, fast forward 2-3 years, I think FXI is going to kick some serious butt. I believe that China will eventually decouple from the U.S. economy like gold did with oil recently.Panda

Yeah, I tend to agree Panda.  I’m just messin’ with ya.  I have FXI in both my kid’s education IRAs.  Will be averaging down on it when January comes around and I can kick another $2K into each…

ipoplaya - 18 September 2008 09:09 AM

PANDA - 18 September 2008 04:43 AM

Good thing i bought FXI in my Panda Challenge Account, not in my Real Account. IPO, fast forward 2-3 years, I think FXI is going to kick some serious butt. I believe that China will eventually decouple from the U.S. economy like gold did with oil recently.Panda

Yeah, I tend to agree Panda.  I’m just messin’ with ya.  I have FXI in both my kid’s education IRAs.  Will be averaging down on it when January comes around and I can kick another $2K into each…

IPO, 13 years from now, you will be able to send both of your kids to Stanford on full ride scholarship from the China Man Land, and you will still have 50% of your FXI fund left over. You are definitely a man with a plan.

Investing in FXI now is like investing in Irvine in 2012 - 2013. That ETF is becoming soooo ready to take off.

You should also look into India: MAtthews India Fund: Ticker MINDX and India Fund: IFN. I think the bubble is practically all out. If you do a 6 month chart it will look like how the Irvine Real Estate market will look from 2006 - 2012.

I will until after the market opens tomorrow to see what the foreign markets do after our weird day. Then if FXI pops again with the market I will be buying a chunk of put contracts on FXI. China is so desperate to stop the bleeding the government had to step in and buy shares. It’s bad enough that our government is trying to save our markets, it is a disaster waiting to happen for China.

I’m glad Blackvault joined the game.
He’s killing it (in a good way).
He’s up something like $35,000 in one day!
 
He pushed me down on the rankings. 

Anybody’s order/execution reports frozen?

I sent mine in around 6:25am lol and still dont’ have a report.

optimusprime - 19 September 2008 08:35 AM

Anybody’s order/execution reports frozen?

I sent mine in around 6:25am lol and still dont’ have a report.

I just placed an order. I’ll let you know if it goes through.

CalGal - 19 September 2008 08:37 AM

optimusprime - 19 September 2008 08:35 AM

Anybody’s order/execution reports frozen?

I sent mine in around 6:25am lol and still dont’ have a report.

I just placed an order. I’ll let you know if it goes through.

Please do as I cannot cancel my orders or update or do anything to them.

Guess I’ll just wait and see….rather be long then short lol

BTW..here is a breakdown of my orders..

Open Trades

Order #    Action   Order Date & Time   Transaction   Symbol   Quantity   Order Price   Process(ed) At   Expire On   Status
223271   n/a   9/17/2008 9:36:59 AM   Stock: Sell at Limit   GS   200   Limit - $130.00   9/17/2008 9:36:59 AM   11/26/2008 8:36:59 AM   Pending
223290   n/a   9/17/2008 9:37:42 AM   Stock: Sell at Limit   XLF   1000   Limit - $20.50   9/17/2008 9:37:42 AM   11/26/2008 8:37:42 AM   Pending
264931   n/a   9/19/2008 9:26:35 AM   Stock: Sell at Market Open   MS   300   n/a   9/19/2008 9:26:35 AM   9/22/2008 4:25:00 PM   Pending
264949   n/a   9/19/2008 9:27:26 AM   Stock: Sell at Market Open   GS   300   n/a   9/19/2008 9:27:26 AM   9/22/2008 4:25:00 PM   Pending
264979   n/a   9/19/2008 9:28:57 AM   Stock: Sell at Market Open   GE   200   n/a   9/19/2008 9:28:57 AM   9/22/2008 4:25:00 PM   Pending
265000   n/a   9/19/2008 9:29:31 AM   Stock: Sell at Market Open   AAPL   100   n/a   9/19/2008 9:29:31 AM   9/22/2008 4:25:00 PM   Pending
265971   n/a   9/19/2008 9:58:12 AM   Stock: Sell at Market   T   500   n/a   9/19/2008 9:58:12 AM   11/28/2008 3:25:00 PM   Pending

Hahahah only 90 minutes to update

The orders finally went thru…hopefully my cancels will go thru otherwise i’ll be short..oops. hahahah

Nice.  I didn’t know this thread existed.  Just popping in to say hello.

I’m up another 35K or so today.  I’m just upset because all day yesterday and today my options executed all the wrong times.  I would recommend using optionsexpress.com next time for a challange because it uses pretty real time data and orders are executed within 1 minute so you know what you are getting. 

You can also trade futures there stocks etc….more flexible.  I even think I saw their link on investopedias website.  Just a future FYI.

blackvault - 19 September 2008 09:11 AM

Nice.  I didn’t know this thread existed.  Just popping in to say hello.

I’m up another 35K or so today.  I’m just upset because all day yesterday and today my options executed all the wrong times.  I would recommend using optionsexpress.com next time for a challange because it uses pretty real time data and orders are executed within 1 minute so you know what you are getting. 

You can also trade futures there stocks etc….more flexible.  I even think I saw their link on investopedias website.  Just a future FYI.

Nice job Blackvault.  I agree…Investopedia is frustrating w/the quotes etc.

Yeah I think I lost a little over 100K additional gains I could have had on GS if things even executed within 15-20 minutes.  My 2 dollar GS option went up as high as 21 and then executed at like 11 Bummer….

Go USB!

optimusprime - 19 September 2008 09:06 AM

Hahahah only 90 minutes to update

The orders finally went thru…hopefully my cancels will go thru otherwise i’ll be short..oops. hahahah

I think mine took 3 hours to execute.

.

skek - 19 September 2008 11:53 AM

The options system on investopedia is killing me.  First I made my rookie mistake that in the end, set me back about $5k.  Then I discovered what everyone else has been talking about with the high commissions, delays to execute and the dropped orders.  Now, I’m just trying to get out of the options altogether.  It’s too bad, because I was looking forward to playing around with those.

At least the last couple of days have allowed me to climb back up to almost even.  Not exactly awgee or blackvault, but an improvement…

By the way, a question for all you real traders out there.  What is the best software platform for online trading (not power trading, but just a self-managed investment account)?

Graph, should we start a new game at the beginning of the year with optionsexpress?

skek - 19 September 2008 11:53 AM

The options system on investopedia is killing me.  First I made my rookie mistake that in the end, set me back about $5k.  Then I discovered what everyone else has been talking about with the high commissions, delays to execute and the dropped orders.  Now, I’m just trying to get out of the options altogether.  It’s too bad, because I was looking forward to playing around with those.

At least the last couple of days have allowed me to climb back up to almost even.  Not exactly awgee or blackvault, but an improvement…

By the way, a question for all you real traders out there.  What is the best software platform for online trading (not power trading, but just a self-managed investment account)?

I used to have datek…who got bought by ameritrade.  I switched to td waterhouse…then they got bought by ameritrade.  I guess my fate was with ameritrade so got tired of bouncing around.  I’ve been using them for a few years now.

But right now, ameritrade is great imo.  THey execute fast and on time.  10 sec or less is almost guaranteed on market orders.
Only issue I have with them is options.  THey charge .75 cents per contract + the regular fee, which is still less than most places but its aggrevating at times.  Especially when you buy low option contracts that cost 50 cents or so and you have to buy 100 of them to make it worthwhile.  Could be a fat tab you are picking up…

CalGal - 19 September 2008 01:36 PM

skek - 19 September 2008 11:53 AM

The options system on investopedia is killing me.  First I made my rookie mistake that in the end, set me back about $5k.  Then I discovered what everyone else has been talking about with the high commissions, delays to execute and the dropped orders.  Now, I’m just trying to get out of the options altogether.  It’s too bad, because I was looking forward to playing around with those.

At least the last couple of days have allowed me to climb back up to almost even.  Not exactly awgee or blackvault, but an improvement…

By the way, a question for all you real traders out there.  What is the best software platform for online trading (not power trading, but just a self-managed investment account)?

Graph, should we start a new game at the beginning of the year with optionsexpress?

I’m up for it personally.  I used to fake trade with them awhile ago.  I’ll check it out this weekend again to see if they have something where you can have a group of people vs just your own fake account.  As far as execution though on fake money they are the best I’ve seen.

Yeah… we need to find another source to play this game. The order execution totally sucks. I have a order that has been pending all day. WTF is that? I have had option orders go through at way higher of a price than when I first ordered it. I mean, come on, what trading platform only does market orders for options? If anyone has any ideas of where we could have a game then I am all for it. Especially since panda had technical problems with this one too, and he was the whole reason behind the game.

skek - Ameritrade is really great for what you want to do. They are also improving to have more trader friendly products. So, if you ever needed the crazy trading platforms they offer them.

I’m down for the game… although i somewhat of a noob… (*ack my back/neck/arm/legs hurt*)

The market did well for me today… i’m up slighly past where my pre-level were (on one IRA, and the other is -1.5%, and the two just regular trade accounts are up 30% (low dollar worth though) ).

-bix

ipoplaya - 18 September 2008 09:09 AM

PANDA - 18 September 2008 04:43 AM

Good thing i bought FXI in my Panda Challenge Account, not in my Real Account. IPO, fast forward 2-3 years, I think FXI is going to kick some serious butt. I believe that China will eventually decouple from the U.S. economy like gold did with oil recently.Panda

Yeah, I tend to agree Panda.  I’m just messin’ with ya.  I have FXI in both my kid’s education IRAs.  Will be averaging down on it when January comes around and I can kick another $2K into each…

I requested a trade on Sunday night (24-hours ago) and it still hasn’t gone through.

Looks like my puts on FXI will be going green tomorrow…

Note to self: When panda gets excited about China, buy puts or short it (if you can).

CalGal - 22 September 2008 07:31 PM

I requested a trade on Sunday night (24-hours ago) and it still hasn’t gone through.

Ugh… I know. I had an order open on SDS for $70, but it didn’t go through for two days (yesterday for $66, and now it is up). I agree Investopedia is a joke. We really need to find a new source, and so we can start over with Panda and maybe blackvault won’t get that PM this time. Er, I mean we just need to follow what he does. I really won’t exclude anyone who wants to join, and I really wish panda could join.

CalGal, any chance that you have the spare time to find another source? I know we are all busy, but I really don’t have the time right now. I keep saying maybe tomorrow, maybe tomorrow.

graphrix - 22 September 2008 11:54 PM

CalGal - 22 September 2008 07:31 PM

I requested a trade on Sunday night (24-hours ago) and it still hasn’t gone through.

Ugh… I know. I had an order open on SDS for $70, but it didn’t go through for two days (yesterday for $66, and now it is up). I agree Investopedia is a joke. We really need to find a new source, and so we can start over with Panda and maybe blackvault won’t get that PM this time. Er, I mean we jeust need to follow what he does. I really won’t exclude anyone who wants to join, and I really wish panda could join.

CalGal, any chance that you have the spare time to find another source? I know we are all busy, but I really don’t have the time right now. I keep saying maybe tomorrow, maybe tomorrow.

No, Panda wants to keep playing in Investopedia. As of yesterday’s close i am at $109,223.29 in my Panda Challenge Account. I am not doing that bad right?