CHESSNOID

I could probably just do a blog about how I am performing in the stock simulation contest at UpDown.com.  After today, I was actually to make a leap frog jump of to #1,650 (-3,847). I was able to make that move because I shorted stocks today instead of going long on them. My imaginary portfolio gained $79,329.40 (+6.32%) today. How nice would it be if I could do that with real money.  My goal in these 1 month contests is to get into the top 100 using a strategy of gaining 1-3% daily.  I did have a setback when I started this December contest and was down my first 2 days.  That means I am just making up my losses even with this nice 6.32% gain.  That is why my rank was so low already because I was already below the break even line. I will probably cover all my positions tomorrow and go into 100% cash or possibly go long on all these positions I have shorted. I will base my decision on what the stock futures look like tonight and probably put limit orders in.  There have been a few times when my portfolio was punished when the market made a substantial move overnight in the opposite direction I was predicting.

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