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Rootbeer

Endless Wolf of sG Final Game

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https://www.investopedia.com/accounts/login.aspx?returnurl=https%3A%2F%2Fwww.investopedia.com%2Fsimulator%2Fgame%2Fjoingame.aspx%3FGID%3D477266%26PW%3Dsgmoneys%26RegLink%3DSimulator_Invite_Private

 

 

The final edition of the sG Wallstreet games. If you're ever interested in a paper account for stockmarket investments (whether it's to prepare/practice for irl investments or just to see how a bet would go on a company suddenly making headlines), join us here to see how you do against other sG members. This game will never end and players are free to reset their cash back to the initial amount ($10k) if they choose to, meaning you're free to try out a strategy, revise it if it goes wrong, then try again. Sure some people could abuse this and reset forever until they get a good gain but I honestly encourage this -- they'll learn a lot from resetting so much :P. Options are enabled for the first time in our games and I highly suggest reading into them if you aren't sure of what they are. We're using Investopedia's simulator, which is really good at providing information to people new to trading inside the actual game, something that would've been helpful in the first few games. If you were turned off from the previous games due to not knowing what to do, I highly suggest giving it another shot as this simulator/game is actually a really good learning tool. I've also listed a bunch of links below to help (and also check out more investopedia links if you're interested).

 

 

 


Basics:

-Search for tickers here: https://www.tradingview.com

or

https://www.nasdaq.com/market-activity/stocks

https://finance.yahoo.com/

Nasdaq and yahoo finances also provide good intel but tradingview has some good stuff. Yahoo's is the most intuitive and visually easy on the eyes imo, it's really organized and has none of the bloated info that others flood you with. Tradingview is the powerhouse that provides all the intel you'll ever need if you get more advanced. Try them out and see which ones you prefer, they all practically serve the same purpose.

-Don't know of any tickers? Find ideas like this: https://i.imgur.com/qV0QCjN.png

-Or just hit up the Financial section of Google, a list of news will pop up about the latest stuff happening toDAY

-Or try out these lists:
https://www.nasdaq.com/Nasdaq-100-Index-Components

https://www.nasdaq.com/market-activity (Scroll down for biggest gains/drops in $$ and shares)

https://www.nasdaq.com/market-activity/earnings

 

Publicly traded companies (read: u can buy their stocks) are required to give out their financial information every quarter. This link shows what's coming up on a weekly basis. Good quarter? Stonks go up. Bad? Stonks down. That's the idea anyways, but a lot of companies have stable prices regardless. American Eagle for example maintained $16 per share before and after their earnings report. Another key point is the EPS forecast. Some people do the math for us and estimate earnings before they're released. Beating these estimated earnings can mean a huge spike in price but relying on estimated earnings alone is tricky because a company might even miss their earnings and still have their stocks go up (or vice versa) after their report. An extremely risky gamble is to just buy options for companies with upcoming earnings. I've seen some crazy +% gains in the 4 digits.

 

 

Key concepts that are pretty important, links provide much more info than the summary I give:

https://www.investopedia.com/terms/d/dividend.asp

- Dividends. For longterm investments. Companies will reward investors with a certain amount of $ for each share you hold. In addition to whatever you gained by buying low and selling high, add this to your gains for even more ez $$.

 

https://www.investopedia.com/terms/e/etf.asp

- ETF - Instead of buying shares of just 1 company, you can buy a share of an ETF. Like instead of buying Apple, you might wanna buy an ETF that focuses specifically on the technology industry, or if you're a Tesla fanboy but something big is happening in the auto industry in general then you can buy an ETF that specifically tracks automobile stocks. Theres tons of types of ETF types and subcategories of those as well. You've probably heard of the Dow Jones, that's an ETF of 30 big US companies. SPY is /r/wallstreetbet's favorite ETF.

 - Short - https://www.investopedia.com/terms/s/short.asp

Everyone knows you buy a stock if you think its price is going up: buy low, sell high. If you didn't know though, you can also do something called shorting, which is where you do it in reverse and sell high and buy low. You basically get loaned a share to sell it at a high price, then if the price drops low then you can buy it at that lower price to pay your loan off and you keep the difference between the high and low price.

https://www.investopedia.com/options-basics-tutorial-4583012

Options- Basically bets that a stock's price is going to go up or down.  Each bet (which are named calls and puts) guarantees you 100 stocks at the price you bet at and you can also sell/buy these bets. These bets go up and down in prices so they're sorta like stocks in their own sense.

Here's an example, let's say stock prices of Activision is $45. I want to bet that 1 month from now, the price is going to be $50. Someone on the market is willing to do that bet but he's charging me $30 per bet so I buy 10 bets (also known as calls) for $300. 2 weeks go by and Activision's price jumps to $55 because something happened (like news of WoW Classic profits being calculated and released, mabey). The cost of 100 shares at this point is $55x100=$5,500. Each call that I bought guarantees me 100 shares at $50 each ($5,000) so if I wanted to, I could sell the calls for $5500-$5,000= +$500 profit each. I bought 10 calls so that means $500x10=$5,000 of profit. Also keep in mind that I payed the initial seller of the calls $300 to get the calls in the first place so our net gains are 5000-300=$4,700. I just turned $500 into $4,700 in 2 weeks with this example (+940%). Options are OP.


Here's an example of what it looks like when you go to buy options, you can see all the various prices that you bet it'll be and also select which date that'll happen on. You can also see how much each bet costs at that price and also how many people are interested in it as well as what they're currently bidding for (buy/sell bids work just like the steam market). There's also the greeks which you can use to mathematically predict the future if you're into that, the investopedia site link will go way more into depth.

 

Options get a little more complex in that you can buy them and sell them but if you're selling options without owning them first then you're considered the "writer" of the contract. This means that in the above example with Activision, you are the one responsible for paying the $500 per contract. Buying is simpler: you bought an option at a low price and you sell it for higher, no strings attached.

 

 


Strategies off the top of my head:

https://www.investopedia.com/trading/options-strategies/
-List of 10 option strategies, look around investopedia for more. Strategies are the most interesting shit ever imo.

 

https://www.investopedia.com/terms/c/candlestick.asp

https://www.investopedia.com/articles/active-trading/062315/using-bullish-candlestick-patterns-buy-stocks.asp

https://www.investopedia.com/articles/active-trading/092315/5-most-powerful-candlestick-patterns.asp

https://www.investopedia.com/terms/i/islandreversal.asp

https://www.investopedia.com/terms/d/double-top-and-bottom.asp

https://www.investopedia.com/terms/c/cupandhandle.asp

- There are a crapton of candle stick patterns that help you predict the future. You can literally read the future if you recognize a pattern forming and keep an eye on it to see if you turn out to be correct. Can't link them all, but these two have links inside of them for more patterns.

 

https://www.investingdaily.com/44771/leap-options-explained/

-LEAPS, basically a long term option. Practically a stock that you want to keep for a year or two to play the long game, except in option form.

 

https://www.investopedia.com/terms/r/relativestrength.asp
https://www.investopedia.com/terms/t/tsi.asp
-Learn these two at the very least for estimating prices going up/down. For example, RSI>70 means more shares are being bought than they should be at that price, so prices are likely going down (or there's a really good reason why it's being overbought).
Find more technical analysis mechanics @ investopedia.

 

Edited by Rootbeer

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