CNBC Million--- Real time or Not ?

Are the trades going to based on the end of the day price? Or can you make intraday trades?

 

Only long maket orders and will be executed at the End of Day

 

thanks, appreciate the info

 

Hey bluud would you know where you place your stock
order's.

thanks

perr

 

When I signed up it said; your portfolio will be created when the contest starts, something along that line.

I'm almost sure one will enter orders online through a web form, like a blank field for Stock Symbol and one for Quantity and a Submit button.

If you want to get a feeling of what I mean try joining http://simulator.investopedia.com/, it's free, http://simulator.investopedia.com/join.aspx.


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There was also alot of talk on it last week or so here is a link

http://www.elitetrader.com/vb/showt...perpage=6&highlight=cnbc million&pagenumber=3

 

Trades submitted on trading days (Monday through Friday, other than market holidays) prior to 3:59:59 p.m. will be priced at the stock¡¯s closing price for such day, as such closing price is reported to the Site by Wall Street On Demand, an independent data provider, at approximately 10:00 p.m. on such day. Trades submitted on weekends, market holidays and after 3:59:59 p.m. on trading days will be priced at the stock¡¯s closing price for the next trading day.

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There is a problem, how do I sell one stock with all in and buy one with all in on the same day? It seems impossible. It will tell me I don't have enough cash when I buy the second stock, when all the stock I have is in the first one.

 

no it executes the trades in the same order you've entered them, so if you enter the sell order first then the buy order, at the end of day it will first sell the shares you had bought earlier and wanted to sell and then will buy the other stock shares you where trying to buy. I think it even states this somewhere in the contest Rules

 

here I quote from cnbc contest rules page http://contests.cnbc.com/milliondollar/rules.html:

 

Bluud,

thanks for your time, and appreciate your help.

trade well.

good luck!!!!

perr

 

THIS HAS TO BE THE FUNNIEST THING EVER - THE COMPETITION STARTS TODAY AND THE RULES STIPULATE NO SHORT SELLING.

HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.

ONLY CNBC COULD COME UP WITH SUCH AN IDIOTIC COMPETITION WITH A MARKET IN FREEFALL.

THE WINNER WILL BE THE PERSON WITH THE LEAST AMOUNT OF LOSSES.