Finished in the money again. The one thing I learned about UMOO today is that there are no stop loss orders. I timed shorting a bunch of stocks perfectly and caught the top on most of them but had no way of locking in profits as the market plunged for the first half of the day. I was in the top 5 at my highest point.
Had I known there wasn't a way to set a stop loss I would have just covered all of the positions before lunch. But my ride was waiting and I had to jet. Ended up dropping from #5 to #54. Still in the double up money, but I missed my timing exits. Hopefully they'll add stop losses to future versions.
I'm going to try the week long tournament next week and get the funding going. One thing I've really noticed is how different stocks behave compared to the forex market. Forex is like flying down a mountain bike trail. Lots of bumps and hair pin turns that can put you in some hurt if you're not on top of things. Stocks are more like a road bike. They can be fast, but the road is a lot smoother and predictable.
If you haven't checked it UMOO out yet, check it out! www.umoo.com It's fun, there's practice/fun play, and you can make some money.
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