Buy the Open/Sell the Open - Me vs. a coinflip

Discussion in 'Journals' started by PeterEastgate, Jun 11, 2009.

  1. In this journal, I will basically say to either buy the open or sell the open. The success of buying the open or selling the open will be determined by the first half-hour of trading only. The close of price at the end of 10:00am will be the price used.

    If I say buy the open, then it will be assumed I am going long the BGU.

    If I say sell the open, then it will be assumed I am going long the BGZ.

    A coin will be flipped as well. Heads=BGU, Tails=BGZ

    I will post my decision nightly and will also post the percentages of wins/losses.

    This is only a hypothetical journal for entertainment purposes only.
     
  2. Market Open for June 12th, 2009, Friday-

    Me: Sell the Open (long BGZ)

    Coinflip: Heads - Buy the Open ( long BGU)
     
  3. Friday, June 12th:

    Previous call: "Sell the Open" (Long BGZ)
    Success: Opened at 33.50 at 9:30am, closed at 33.97 at 10:00am
    Up for the day: 1.403 percent
    Up since journal start: 1.403 percent

    Coinflip call: "Long the Open" (Long BGU)
    Success: Opened at 36.57, closed at 36.08
    Down for the day: 1.340%
    Down since journal start: 1.340%

    Call for June 14th, Monday: "Sell the Open" (Long BGZ)

    Coinflip's call: "Long the Open" (Long BGU)

    Coinflip brought to you by:
    http://www.random.org/coins/?num=1&cur=60-usd.5000c-gold-buffalo
     
  4. Monday, June 15th:

    Previous call: "Sell the Open" (Long BGZ)
    Success: Opened at 34.03 at 9:30am, Closed at 34.52 at 10:00am
    Positive Percentage for the day: 1.439%
    Positive Percentage since the start of journal: 2.862%
    Account balance assuming I started with $25000: $25715

    Coinflip call: "Long the Open" (Long BGU)
    Success: Opened at 36.01, closed at 35.42
    Down for the day: 1.6%
    Down since journal start: 2.961%

    ******

    My Call for June 16th, Tuesday: "Long the Open" (Long BGU)

    Coinflip's call for June 16th, Tuesday: "Long the Open" (Long BGU)

    Coinflip brought to you by:
    http://www.random.org/coins/?num=1&cur=60-usd.0100c-washington