Issues with the competition simulator

[lehayes]

Thanks for the warning, this isn't good.

[lehayes]

Here's an idea. When you are getting ready to perform a sale, switch your chart on your real-time to 1 day 1 minute and try to catch the sale during an upswing. By the time the simulator catches up, you should still be on an upswing and it might come closer to the real trade.

[gijoe9]

I have tried to time the simulator for real time and have found that the exchange that the equity is on can make a difference in delay time. I noticed so far that AMEX is slowest (most delayed) then NASDAQ then NYSE. The stock itself can make a difference some times as well something like MSFT vs GNA. MSFT will execute very near the 20 min delay buy or sell where GNA may take up to 30 mins to execute.

I trade in Canadian Game and have found that the delays for TSE can be even worse. The problem is that the delays are not consistent enough to time them so if I see a real time quote and execute in the simulator on a fast mover it is a roll of the dice what the trade price will be.

The only real solution I have found is to go with sell limits and stop loss. This does not help with options contracts

Cheers

[lehayes]

understood, thanks for the input.

[psykiv]

Originally Posted by gijoe9

The only real solution I have found is to go with sell limits and stop loss.

Cheers

That's what I've always done. I always put in a limit order at the current price (or something a little bit lower). When I sell, same thing.

It ends up being about the same, only with higher commission.

It's a shame you can't do this with options though. In the grand scheme of things though, a few pennies either way shouldn't really make a difference.

[psykiv]

Originally Posted by FirstConsul

Yeah, that's a big problem.

Maybe we really need a high stakes competition. $5000 real money in an Interactive Brokers account that you can trades stock futures forex and buy/write options with .

Which broker allows you to trade all of these in one account? I'd *REALLY* like to know. That would be very interesting.

[FirstConsul]

Interactive Broker(s).
Based in Britain I think.
Cybertrader allows you to trade mini futures I think.

[WallStGolfer31]

Originally Posted by FirstConsul

Maybe we really need a high stakes competition. $5000 real money in an Interactive Brokers account that you can trades stock futures forex and buy/write options with .

Since when did 5k become high stakes? LMAO, 100k REAL $$$$, Who's in?