Anybody in the CNBC market challenge - WickedFire - Affiliate Marketing Forum

blackthought286 · 03-27-2007, 05:38 AM

I was just replying to another thread about the market and I wanted to know if anybody joined the CNBC Million dollar challenge. I was taking it semi serious at first but then I found out that a lot of people were winning the week just by putting all of their money into one stock. You would never do that in real life so it kind of kills the notion of putting your portfolio to the test against others.

rogerd · 03-27-2007, 02:40 PM

Yeah, I'm in the challenge.

At first I tried to take it serious.

I just checked it for the first time in a week or so, my rank is now 267209 with a .01% return. That's spread across 5 stocks.

woohoo!

Andrew · 03-27-2007, 04:04 PM

Thats the problem with these short term games. The best payoff will be to take extremely high risk moves because you obviously aren't losing anything because its not real money.

The last time I played one was around 2002 for a high school class when I was a senior; I shorted a crashing stock and got a pretty good ROI off of it. The funny thing is we had this "guest" teacher who worked at a mutual fund. After I did that short, he started copying my picks; too bad the rest sucked

ExEnigma · 03-27-2007, 04:24 PM

Got into one of these in '05 and put 50% of my money into this stock called GOOG. After it started kicking ass I dumped all my money into it and ended up tripling my money in a semester. Too bad I only had $5k to put into it in real life...

That was the first and last stock I ever bought. I play other markets now.

Ex

PSU4Life · 03-27-2007, 05:22 PM

I'm in it, only 67,000 people ahead of me...haha. I hate that you only buy/sell stock at the closing price.

I was watching some of cnbc when they had people asking questions on whats the best way to win. I couldn't believe how most people didn't understand the best way to win is to buy a low priced stock since they have the best chance for a big gain.

03-27-2007, 05:38 AM	#1 (permalink)
blackthought286 Member Join Date: Jul 2006 Location: Harlem, NYC Posts: 85 iTrader: (0)	Anybody in the CNBC market challenge I was just replying to another thread about the market and I wanted to know if anybody joined the CNBC Million dollar challenge. I was taking it semi serious at first but then I found out that a lot of people were winning the week just by putting all of their money into one stock. You would never do that in real life so it kind of kills the notion of putting your portfolio to the test against others. __________________ The Best in Hip Hop and R&B

03-27-2007, 05:22 PM	#5 (permalink)
PSU4Life Senior Member Join Date: Aug 2006 Posts: 226 iTrader: (0)	I'm in it, only 67,000 people ahead of me...haha. I hate that you only buy/sell stock at the closing price. I was watching some of cnbc when they had people asking questions on whats the best way to win. I couldn't believe how most people didn't understand the best way to win is to buy a low priced stock since they have the best chance for a big gain. __________________ Never say I made it till I'm pissing off the top.

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03-27-2007, 02:40 PM	#2 (permalink)
rogerd Digital Buddha Join Date: Jun 2006 Location: Sunny Florida Posts: 90 iTrader: (0)	Yeah, I'm in the challenge. At first I tried to take it serious. I just checked it for the first time in a week or so, my rank is now 267209 with a .01% return. That's spread across 5 stocks. woohoo!

03-27-2007, 04:04 PM	#3 (permalink)
Andrew Join Date: Jun 2006 Posts: 1,999 iTrader: (0)	Thats the problem with these short term games. The best payoff will be to take extremely high risk moves because you obviously aren't losing anything because its not real money. The last time I played one was around 2002 for a high school class when I was a senior; I shorted a crashing stock and got a pretty good ROI off of it. The funny thing is we had this "guest" teacher who worked at a mutual fund. After I did that short, he started copying my picks; too bad the rest sucked

03-27-2007, 04:24 PM	#4 (permalink)
ExEnigma Senior Member Join Date: Nov 2006 Posts: 104 iTrader: (0)	Got into one of these in '05 and put 50% of my money into this stock called GOOG. After it started kicking ass I dumped all my money into it and ended up tripling my money in a semester. Too bad I only had $5k to put into it in real life... That was the first and last stock I ever bought. I play other markets now. Ex