# Teeming Millionaires - Round IV **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [April 19, 2001, 6:49pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575 "2001-04-19T18:49:08Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Paul\_The\_Younger](https://avatars.discourse-cdn.com/v4/letter/p/d9b06d/32.png) [@Paul\_The\_Younger](https://boards.straightdope.com/u/Paul_The_Younger)\ **Post date:** [April 26, 2001, 12:50pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/21 "2001-04-26T12:50:09Z")
> [@](#): > > \*Originally posted by CnoteChris \* > \*\*I’m having a problem trading. The same, “Above Max Trade Percentage” message that came up before is happening again. > > DON’T PANIC new players- It’s an easy problem to fix, but I don’t have the privileges to get in and do it myself. When **SD** sees this, he’ll make the change. > Good Luck! > \*\* I see the rules have the max at 0%, instead of “No Maximum”. Also, the minimum trade price is not set (previous competition it was $1.) Is this a rule change, **sd**? BTW, according to the site, trading doesn’t start until tomorrow. Or are you just trying to get the extra day you needed to win the last competition, **CNote**? 😃 Paul ---
**Author:** ![CnoteChris](https://avatars.discourse-cdn.com/v4/letter/c/278dde/32.png) [@CnoteChris](https://boards.straightdope.com/u/CnoteChris)\ **Post date:** [April 26, 2001, 2:27pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/22 "2001-04-26T14:27:07Z")
Oops. I guess I’m eager to pound you to a pulp **Paul**. ---
**Author:** ![sdimbert](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/sdimbert/32/20204_2.png) [@sdimbert](https://boards.straightdope.com/u/sdimbert)\ **Post date:** [April 26, 2001, 2:35pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/23 "2001-04-26T14:35:53Z")
I was going to post here simply to announce that competition trading starts on Friday, April 27 (tomorrow) at 9:30 am EDT and that you _must_ be registered by the end of the day today to participate. Then, I saw **Chris** ’ post about rules, so I re-checked 'em. To avoid confusion: **Teeming Millionaires Round IV Official Rules** ```auto Start Date: Thu Apr 26,2001 End Date: Fri May 25,2001 Allow Selling Short? Yes Allow Limit Orders? Yes Allow Stop Loss Orders? Yes Allow Leverage? Yes, on Margin Account Minimum Trade Price: $1.00 Maximum Trade Price: No Maximum Price Minimum Market Cap: No Minimum Cap Maximum Market Cap: No Maximum Cap Maximum % Trading Volume: No Maximum Limit Position Size: No Limit Commission $ Trade: $8.00 (like the online Brokers) Credit Interest Rate: 4.00% Debit Interest Rate: 6.00% ``` If there is anything anyone does not understand about the rules, post a question here or get a hold of me via email, AIM, ICQ, MSIM, Yahoo! IM, or Odigo _(whew!)_. Welcome again to all the new players… it’s great to have fresh meat… er… new competitors! 😃 As far as your abilty to trade today, **Chris** , you can’t. Are you sure that you’re attempting to trade on a portfolio entered in SDMB-IV? The site should not allow you to trade until 9:30 AM EDT tomorrow. By the way, remember my portfolio from Round 3? The one that finished the competition down 1.98%? As of the close of markets last night, it is up 14.37%. All on the basis of a single pick, and despite the fact that I sold Krispy Creme short when it was worth 11 points less than it is now and am still waiting for it to fall. The moral of this story is that smart, safe, hedgy trading is not enough to win a competition like this; the month-long time limit means that you **must** make gutsy plays. You can’t simply wait for valuation to increase in a timely fashion. ---
**Author:** ![Paul\_The\_Younger](https://avatars.discourse-cdn.com/v4/letter/p/d9b06d/32.png) [@Paul\_The\_Younger](https://boards.straightdope.com/u/Paul_The_Younger)\ **Post date:** [April 26, 2001, 7:53pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/24 "2001-04-26T19:53:00Z")
bump ---
**Author:** ![sdimbert](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/sdimbert/32/20204_2.png) [@sdimbert](https://boards.straightdope.com/u/sdimbert)\ **Post date:** [April 27, 2001, 1:05am UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/25 "2001-04-27T01:05:05Z")
> [@](#): > > \*Originally posted by Paul The Younger \* > \*\*bump > \*\* Well said! 🙂 ---
**Author:** ![CnoteChris](https://avatars.discourse-cdn.com/v4/letter/c/278dde/32.png) [@CnoteChris](https://boards.straightdope.com/u/CnoteChris)\ **Post date:** [April 27, 2001, 3:27am UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/26 "2001-04-27T03:27:00Z")
Yeah, yeah, I jumped the gun. C’mon!@! Let’s get this party started! I got my stocks all picked and my strategy down… As Ed Wood once proudly proclaimed, “Let’s do this fucker!” ---
**Author:** ![sdimbert](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/sdimbert/32/20204_2.png) [@sdimbert](https://boards.straightdope.com/u/sdimbert)\ **Post date:** [April 27, 2001, 2:48pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/27 "2001-04-27T14:48:25Z")
1st trade is in and, as of this morning, I am in first place! See? ```auto Rank User ID 1 sdimbert 1 PaulTheYounger 1 SouprChckn 1 thinksnow 1 SaintZero 1 pantom 1 CnoteChris 1 Boscibo ``` 😃 ---
**Author:** ![Paul\_The\_Younger](https://avatars.discourse-cdn.com/v4/letter/p/d9b06d/32.png) [@Paul\_The\_Younger](https://boards.straightdope.com/u/Paul_The_Younger)\ **Post date:** [April 30, 2001, 4:05am UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/28 "2001-04-30T04:05:38Z")
First day of trading completed… And who’s leading? 😃 ---
**Author:** ![sdimbert](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/sdimbert/32/20204_2.png) [@sdimbert](https://boards.straightdope.com/u/sdimbert)\ **Post date:** [April 30, 2001, 1:46pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/29 "2001-04-30T13:46:50Z")
> [@](#): > > \*Originally posted by Paul The Younger \* > \*\*First day of trading completed… > > And who’s leading? :D\*\* Well, now it’s official: ```auto RANK NAME % GAIN 1 PaulTheYounger 0.79% 2 sdimbert 0.77% 3 Boscibo 0.07% 4 SaintZero 0.01% 4 SouprChckn 0.01% 6 thinksnow -0.02% 7 pantom -1.16% 8 CnoteChris -5.70% ``` So, Paul… How are ya? :cupping hands and leaning _waaaaay_ out over the railing: Hey **Chris**! Hellooooooo… can you hear me down there? 😃 ---
**Author:** ![CnoteChris](https://avatars.discourse-cdn.com/v4/letter/c/278dde/32.png) [@CnoteChris](https://boards.straightdope.com/u/CnoteChris)\ **Post date:** [April 30, 2001, 3:08pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/30 "2001-04-30T15:08:26Z")
It’s not letting me sell anything. Anyone else having that problem? I get the ‘Over maximum percent daily volume for stock’ when I try to sell anything at any amount. I’m starting to really hate that message. ---
**Author:** ![Hanna](https://avatars.discourse-cdn.com/v4/letter/h/b3f665/32.png) [@Hanna](https://boards.straightdope.com/u/Hanna)\ **Post date:** [April 30, 2001, 3:46pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/31 "2001-04-30T15:46:54Z")
I can’t sell anything, either. So I guess that’s not normal? It says in the explanation that you can’t trade more than 25% of the stocks average daily volume but I’m way below that. Did I buy too much? Also, can I look at everyone else’s stock portfolios and buy stocks that are doing good, or is that cheating? ---
**Author:** ![Paul\_The\_Younger](https://avatars.discourse-cdn.com/v4/letter/p/d9b06d/32.png) [@Paul\_The\_Younger](https://boards.straightdope.com/u/Paul_The_Younger)\ **Post date:** [April 30, 2001, 3:50pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/32 "2001-04-30T15:50:53Z")
> [@](#): > > \*Originally posted by CnoteChris \* > \*\*It’s not letting me sell anything. Anyone else having that problem? I get the ‘Over maximum percent daily volume for stock’ when I try to sell anything at any amount. I’m starting to really hate that message. > > \*\* Sorry **CNote** , haven’t tried to sell anything yet. I’ll want to sell by end of day, tho. Actually, it’s not letting us BUY anything either, right now. I just checked the Rules and see that the “Max. % Trading Volume” has been set back to 0%. The last trade I made was before 10am this morning, so it’s been changed since then. Can you fix this **sdimbert**? Thanks! Paul ---
**Author:** ![Paul\_The\_Younger](https://avatars.discourse-cdn.com/v4/letter/p/d9b06d/32.png) [@Paul\_The\_Younger](https://boards.straightdope.com/u/Paul_The_Younger)\ **Post date:** [April 30, 2001, 4:07pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/33 "2001-04-30T16:07:52Z")
> [@](#): > > \*Originally posted by Boscibo \* > \*\*I can’t sell anything, either. So I guess that’s not normal? It says in the explanation that you can’t trade more than 25% of the stocks average daily volume but I’m way below that. Did I buy too much? Also, can I look at everyone else’s stock portfolios and buy stocks that are doing good, or is that cheating? \*\* Usually the Max % Trading Volume is set to “No Maximum”. If you had the dough, you could buy a million shares, theoretically. You can look at everyone else’s portfolio, but it won’t do you much good. Just as the standings are updated daily, so are the portfolios. If you look at my portfolio (click on user id in the leaderboard list), you’ll see the stocks that I owned as of close of trading yesterday. It doesn’t tell you what stocks I’ve bought or sold today. It also continues to update the _value_ of my portfolio based on those stocks. So you can’t trust that, either. Of course, your own portfolio will be updated as you make trades, but you’re the only one who can see that. BTW, congrats on being in the green, on your first day! Paul ---
**Author:** ![Paul\_The\_Younger](https://avatars.discourse-cdn.com/v4/letter/p/d9b06d/32.png) [@Paul\_The\_Younger](https://boards.straightdope.com/u/Paul_The_Younger)\ **Post date:** [April 30, 2001, 4:42pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/34 "2001-04-30T16:42:01Z")
I sent **sd** an e-mail on the problem, hopefully we’ll hear from him soon. Paul ---
**Author:** ![sdimbert](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/sdimbert/32/20204_2.png) [@sdimbert](https://boards.straightdope.com/u/sdimbert)\ **Post date:** [April 30, 2001, 5:01pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/35 "2001-04-30T17:01:50Z")
Aaargh!! :mad: I sent an email to the folks over at MarketPlayer concerning the link in the banner… they helped me fix that, but managed to screw up something else while they were at it. Anyhoo, things should be ok now: > [@](#): > > **Rules** > Minimum Trade Price: 1.00 > Maximum Trade Price: No Maximum Price > Minimum Market Cap: No Minimum Cap > Maximum Market Cap: No Maximum Cap > Maximum % Trading Volume: No Maximum > Limit Position Size: No Limit > Commission $ Trade: 8 > Credit Interest Rate (%): 4.00 > Debit Interest Rate (%): 6.00 **Paul** , thanks for the email… I wasn’t checking the board because I’m a but busy this morning. Sorry about the mix-up, everyone. **Chris** , you take all the fun out of making fun of you. 😉 ---
**Author:** ![sdimbert](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/sdimbert/32/20204_2.png) [@sdimbert](https://boards.straightdope.com/u/sdimbert)\ **Post date:** [May 1, 2001, 1:43pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/36 "2001-05-01T13:43:03Z")
As of Monday Night: ```auto Highest Performance 16.73% Lowest Performance -7.82% Median Performance 0.04% Average Performance 2.98% Daily Gain Total Gain 1 thinksnow 16.76% 16.73% 2 PaulTheYounger 10.32% 11.19% 3 Boscibo 5.28% 5.35% 4 sdimbert 0.76% 1.53% 5 SaintZero 0.03% 0.04% 5 SouprChckn 0.03% 0.04% 7 CnoteChris 2.62% -3.23% 8 pantom -6.74% -7.82% ``` While it’s obvious that **Paul** and **thinksnow** had good days (16 percent?!?) don’t look over **Chris** s move yesterday, from -5.7% up to -3.23%. Keep your eye on him… the Force is strong with that one. Good luck, all! 🙂 ---
**Author:** ![Hanna](https://avatars.discourse-cdn.com/v4/letter/h/b3f665/32.png) [@Hanna](https://boards.straightdope.com/u/Hanna)\ **Post date:** [May 2, 2001, 1:15am UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/37 "2001-05-02T01:15:06Z")
I can’t log on to the Market Player site, it won’t take my password. Anyone else having this problem? ---
**Author:** ![pantom](https://avatars.discourse-cdn.com/v4/letter/p/34f0e0/32.png) [@pantom](https://boards.straightdope.com/u/pantom)\ **Post date:** [May 2, 2001, 2:39am UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/38 "2001-05-02T02:39:59Z")
Why does the Nasdaq keep going up? Why? Why? Why? I know, I know, because I’m shorting it. I knew that already. (BTW, Boscibo, I was just able to log in, the better to see how terribly I did today.) At this rate, I’ll soon be threatening Scylla’s record in the first go-round, when he actually managed to wind up with a negative net worth. ---
**Author:** ![Paul\_The\_Younger](https://avatars.discourse-cdn.com/v4/letter/p/d9b06d/32.png) [@Paul\_The\_Younger](https://boards.straightdope.com/u/Paul_The_Younger)\ **Post date:** [May 2, 2001, 6:01pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/39 "2001-05-02T18:01:58Z")
Just how long are you gonna play with your PALM? 😃 You’re gonna make us daytraders look bad! ---
**Author:** ![thinksnow](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/thinksnow/32/2849_2.png) [@thinksnow](https://boards.straightdope.com/u/thinksnow)\ **Post date:** [May 2, 2001, 6:31pm UTC](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575/40 "2001-05-02T18:31:11Z")
Yeah, I was thinking about making a change, but then I realized that, well, I’m smoking you, so why bother! 😃 Actually, I’ve got a stock or two I might get into in the near future…Palm _is_ doing nicely though, isn’t it. \ [sub]Okay, no Palm-knocking-wood jokes, y’all, let’s try to keep this mature![/sub] [Previous page](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575.md?page=1) [Next page](https://boards.straightdope.com/t/teeming-millionaires-round-iv/62575.md?page=3)