Virtual Stock Exchange.....very cool.

[HDJ]

Here's a link to Virtual Stock Exchange. It's an online "game" to test your ability as a day trader.

It works just like the real market but is a simulation. Commisions, interest, etc....are factors here.

http://vse.marketwatch.com

If anyone wants to start a Guitar Tricks private game, let me know and I'll start one.......It's a great way to learn the stock market and how it works.

[HDJ]

Okay, I went ahead and created a game....

Game ID: GuitarTricks (no spaces, one word. Also, caps sensitive, type it exactly like I did here)

Game Password: Gibson

Happy trading.... ;) :D

[rockonn91]

oh geez, i did this in middle school way back when. I found one incredible stock which gave me a big edge on everyone else...and then of course the stock crashed.

[ericthecableguy]

Cool. Im signed up...what do i do? :o

[jeffhx]

real interesting stuff..im not familiar with stocks at all this cud help..im not exactly sure what im doing but it'll be interesting to see how i progress in there...

[magicninja]

I'm gonna go day on some and long term on others. I put my trades in. I hope tomorrow is a good day.

[HDJ]

Sweet.........
It's a great way to learn the market if your not familiar with it.
Now for me to go start trading.......

If anyone has any questions on how the site works, just let me know....

[HDJ]

Cool. Im signed up...what do i do? :o

Just buy whatever stocks you want and hope they make money. Be careful on trading everyday b/c there is a commission fee with each transaction.

I go to yahoo finance and screen stocks from there to find what I want.

[jeffhx]

im a donkey in this..i just lost 8% or so in gt private trade..the other one i joined i lost 0.02%...i need to learn more..always wanted..nows a good time..

[HDJ]

I'm still learning it myself. Ehhh, you can loose money today but gain a whole lot tomorrow. It's not fast paced by any means....

I'm having problems accessing the site today.

[HDJ]

I think I'm addicted to this thing.........

I created a 2nd game for Guitar Tricks....This one is high dollar, starts us out with $1,000,000 and the trades are only $7 each.

Game ID: GuitarTricks2
Password: Fender

[guitarfreak141]

My friend and I did something like this for school once, we were losing, than beat everybody by investing a ton of money in dreamworks the day before ring2 came out. It was awesome.

[magicninja]

Damn I lost a little last week. Back to the drawing board.

[ericthecableguy]

YA!!!! I made eleven cents!!!

[HDJ]

I'm losing my a$$....haha

I should have set the commission's to $7 on the regular game instead of $29.99.

[ericthecableguy]

O ya...22cents motha mothas!

[R. Shackleferd]

This sounds like a good introductory way to play around and get familiarized with the markets, but just let me throw out there that for real investing, I think I'll always shy away from trying to get immediate returns, especially day trading. My philosophy for investing is slow and steady. Lower risk, long track record mutual funds and such.
And on a similar note, I heard an interesting comparison relating to the worthlessness of the U.S. Social Security system. For argument's sake, a person makes minimum wage ($5.15/hr.), works 40 hours a week, and never gets a raise. Working till they're 65 they become eligible for a measly monthly government check of a few hundred dollars, and upon death, all is lost. Yet, let's say the same amount (about $60-$70) that is automatically deducted from every check is instead put in a mutual/index fund that averages 10-13%, which is fairly easy to come across. Upon reaching retirement age, that person will have over $3 million. Amazing what a little personal responsiblity, discipline, and determination can do...obviously someone just in middle income levels could become much more wealthy, or retire sooner.

[HDJ]

Social Security won't exist when we, the 20-somethings, retire....

That's one thing I really like about the company I work for. We have a retirement fund (SEP) where each week they put 10% of what we earned that week into mutual funds...They don't take 10% out, they basically add 10% to what we make, then put that 10% into the funds, if that makes sense. We have a financial advisor through Morgan Stanley that we talk to each month. They offer their advice, but we get to pick what to funds to sink our money into. I try to keep about 80% of mine in the "safe" mutual funds, and since I'm young, I keep the other 20% in some of the high risk stocks. Haven't lost yet, but I'm not rich either.... :D

I've been considering sinking $500 into the market and try day trading. That's one reason I'm playing around with the VSE, to test my skills. So far, the skills aren't there.... :p I'm learning though........