Entered a few new trades and holding them for a day or two as swings. The FOUS patterns are there but on the three day charts so holding for now. It did cause a dip in the SW account though. PS1000 saw a small gain today on the short I'm holding.
But the big thing for today is that I created a new paper trading game through Market Watch
I wanted a simulator to mimic what it will be like when I begin trading real money. SW is a great mobile app and has helped with learning, but it just isn't realistic enough for me. I've found that there is a big difference in trading with an account around $100,000 and $1,000. The averages are different, the risk/reward ratios are different, and the effects of the fees are different. With the PS1000 game you have to deal with a $20 fee off the top just in the entry and exit of the position. It may not seem like a lot, but when you consider the number of shares... or lack there of with $1,000 or less you basically have to deal with stock picks under $1.00 or hit percentages over 30% before you make decent gains.
Has the same trade fee as SureTrader ($4.95) per trade and you start with the $500 minimum to open an account with SureTrader. The only rule to the game is that you must trade stocks with a minimum price of $0.50 and a maximum price of $10.00.
Anyone trading stocks over the $10 rule will be removed (some wiggle-room as I'm not an ass) but no buy a $100 stock and thinking that you're still trading pennies!!!
Good luck and have fun.
End of Day Update:
Stock Wars: $99,071.25 -0.93% for a loss of $1,265.00
Penny Stocks 1000: $530.94 -46.91% for a gain of $14.56
Growing the Lincolns the Game: $495.45 -0.91% for a loss of $4.55