9 replies to this topic

[cronus]

Perhaps it has been suggested, and if such is the case, feel free to remove this thread, but how about a program which can manage stocks?
Some features could include:

• buying stocks within a certain price range
• selling stocks above a certain price
• employ a strategy such as Stepchild9's 15/30

Just an idea

[Noitidart]

Can you post Stepchild9's strategy here. We have strategy ourselves and it's in development. It will be an application on site and there will a program to go with it soon after (jc is working on it).

[cronus]

" The amount of stocks necessary to provide a self-supporting portfolio can be as little as 30,000-50,000 shares, or a cost of 450,000-750,000 NP. It would be best to have this amount set aside for buying when starting. If you are able to start with 500,000 NP, and can earn 5,000 NP each day, you will have sufficient funds to produce a self-supporting portfolio. Before starting to buy stocks, remember, this is a long-term goal. For the example I am trying to provide, I will choose 45,000 shares or 600,000 NP. (45,000 shares x 15 NP/share=675,000 NP) Phase 1 - build your portfolio.

• To start, for 45 days straight, or every day you possibly can, buy 1000 shares of stock.
• Each day, try to diversify, and only buy at 15-17 NP/share stocks. Remember buy 1,000 shares every day. Eventually you will end up buying repeats of stocks, but as much as possible diversify (diversify, is to buy stock, in as many different companies as you can, within the buying price range).
• For now diversify, later you may decide to change your buying strategy. These 45,000 shares you purchase will be spread across approximately 26 companies out of 43.

Phase 2 - make it self-supporting

• After the first 45 days, the size of your portfolio will be 45,000 shares (45 days x 1,000/day=45,000 shares).
• At the end of the 45 days, you will be out of NP, and need more NP to continue buying more stocks. Here is where the 15/30 begins.
• From this point on you will sell 15,000 shares and buy 30,000 shares, during the next 30 days.
• In 30 more days your portfolio will grow to be 60,000 shares. (45,000-15,000 sold)â� (30,000 bought)=60,000 shares in your portfolio). The portfolio profits have bought these extra 15,000 shares. It is now self-supporting.

The selling of shares from your portfolio, to have NP to continue buying more shares, is quite simple. Only sell 1,000 shares as necessary. If a price really jumps, and you want to, maybe sell 2,000, but no more. Every 2nd day, you sell 1,000 shares. Choose your highest profit stock, and sell 1,000 shares of it. Most likely you will have 1 stock, which is at 30 or greater. You should, you have 25â� companies to choose selling from, and the HIGHEST likelihood is for a stock to cycle between 6-30NP. Therefore, 1 will be at 30 or above, and by selling 1,000 shares of it, you now have NP to buy for today and tomorrow. Follow this routine for 3 â�� 6 more months. The 6-month period will allow for your portfolio to grow from 45,000 shares to a 135,000 shares. The last 90,000 shares bought by your portfolio profits.

In only 6 months you will have amassed a portfolio of great wealth. The 135,000 shares in your portfolio will have a value of approximately 2,000,000 NP. Yes, 2 million plus!! The initial investment of 600,000 NP has grown to a small fortune."




~Copied from stepchild9's neopage.

[Abunaidesuka]

Not a fan of his strategy at all. It is better to know the average days/run on each stock, and to have a sell point that varies from stock to stock (since the days/run varies greatly). Also, never sell a stock at less than 60; you're just wasting time if you do (and it sounds like that strategy promotes this at times).

The self-supporting strategy is only good for very poor Neopians who only wish to make NP via the stock market.

[cronus]

It was just an example of a strategy the program could employ But I think feedback like yours will be appreciated as it gives insight into the wants of various members- personally I am unexperienced in the stock market and his strategy appeals to me because it is an easy way to grow a large portfolio.

On his page (the page I copied this from) there is a strategy for 'advanced' traders.

[soul__stealer]

Buy at 15, sell at 100

Just takes a lot of patience.

[Musician]

My stocks:
Totals:66,000 992,000 911,000 -8.17%
Fail.
I just keep buying and then I forget to sell. -facepalm-

[Cory]

I'd like to see something like this come along.

1 1000 shares of NATN Sold 1000 shares of NATN for 77000 NP.

bought for 15k. Should have sold yesterday but I've been to busy to pay attention.

[chicityballa]

I tihnk this is a cool idea fora program also. I always forget to buy stocks, but something that would daily buy 1000 stocks for me at the price of 15 np per stock would be usefl

[Noitidart]

Thanks for the post cronus. I'll discuss this with the guys and see how it compares to the system in dev.