Portfolio of the Year (2006)

[spikefader]

A Portfolio of the Year (2006)???????

Am I insane????? Yes, I think I am. But they say winners love good competition and that competition has the potential to bring forth the best from people. And if that is true then a 2006 Portfolio/Fund of the year competition might be worth participating in.

We've got POTW and that's a fun thing, so why not Fund of the Year too??

I suggest we let www.marketocracy.com do all the work in calculations and reports. All we'll have to do is create and manage our own ports, submit the ticker name as an entrant in this thread and post your performance every now and then.

Late comers though the year could be entitled to enter, cuz as we all know about fat ladies singing, it's possible that months into this competition a newcomer could get competitive real fast and end up taking the title.

So how about it folks? Let's have some fun watching our Funds race towards the December 2006 finish line. And you never know; you may even end up in the m100 top 100 funds of the year and get their small management fee they offer....

I just created a Fund over there and have named the Fund ticker SPIKE.

So snap to it and make your own Fund ticker over at www.marketocracy.com and compete.

Unless there are objections, this competition starts market open tomorrow (we're virtually at 2006 anyway) and will end last trading day in 2006. If you'd prefer to wait until first trading day of 2006, then speak up, but what's a few days between ports?? hehe

[Runner]

Spike, this sounds good. I’ve never been on the site before. Is there a MR M group for those on this forum? Or do we just do our thing and report back on progress? I’m a little confused on the site. I opened my account with 1mil balance. I guess it will take some time to read how the site works. I’ll wait until the New Year to begin. It might take me that long to figure things out.

[Websman]

I'll have to think about it first. I have a hard enough time finding time to keep up with my real portfolio. I suppose I could just duplicate my real portfolio though. I do have a decent gain for the year.

[spikefader]

..do we just do our thing and report back on progress?..

I figured each participant creates their own fund with its own ticker. As for reporting, I'm still researching if there is an option for me to look up someone else's ticker and see their performance.....Karel, do you know if this can be done?? If so, I'll do the weekly summary by simply looking them up.

If it can't be done, then each player will have to post their monthly total performance. Screenshots might be nice. Their graphs look pretty cool.

[skiracer]

I figured each participant creates their own fund with its own ticker. As for reporting, I'm still researching if there is an option for me to look up someone else's ticker and see their performance.....Karel, do you know if this can be done?? If so, I'll do the weekly summary by simply looking them up.

If it can't be done, then each player will have to post their monthly total performance. Screenshots might be nice. Their graphs look pretty cool.

I went there and signed up. To see everyone's funds and picks I think you have to subscribe to the premium service. Anyway looks like it would be fun.

[Karel]

I think this is a really nice idea. (I would.) You don't need the premium membership, but everyone has to post the Public Page for his/her fund. Fot instance, the public page for my mechanical Fund is

http://marketocracy.com/cgi-bin/WebObjects/Portfolio.woa/ps/FundPublicPage/source=CbOeCgIlEdHiDfCkMaKiAbDd

The information for the owner is "real time" (delayed); the public page shows the result after the previous trading day. Also, individual holdings are not displayed on the public page. I think we can live with that.

Regards,

Karel

[Karel]

One point to note: it is difficult to day trade under the marketocracy rules! But to keep up day trading for a year long contest sounds moderately ridiculous to me anyway. But limits are possible.

Another thing: we might choose to allow only compliant funds (under the marketocracy rules) to participate. Of course a startup fund cannot be compliant, but will become compliant after six months. This rules out the happy-go-lucky funds. The rules: http://marketocracy.com/cgi-bin/WebO...lesPage/bfix=1

I wanted to revive my old marketocracy fund. This seems a good place to do it. Its public page is http://marketocracy.com/cgi-bin/WebO...FoChAfMaKiAbBj

I think marketocracy is ideal to test trading strategies.

Regards,

Karel

[IIC]

Nice idea...but it seems like a lot of work IMO

[spikefader]

But on the marketocracy portfolio we can't see the other players actual picks unless we pay right?.... I looked at yours and only saw the totals.... for all I know you really made those returns shortselling STSI or something like that. I can get more clearcut info from Jazztelinano than from that website dude....jejeje

OK, I moved your quote in here Lye.

To answer that concern we can make it a rule to post a quick screenshot of the portfolio positions monthly and past trades, or better yet, make it a rule that it has to be in compliance with the Fund rules of diversification and qualify for official site Performance Rankings as per rules here http://www.marketocracy.com/cgi-bin/...lesPage/bfix=1
They are pretty strict rules there , eg. For a majority of each period, your fund must meet guidelines that are similar to SEC and IRS rules regarding fund position concentration:

* No position can exceed 25% of your total portfolio value.
* Half your portfolio must be comprised of positions under 10% each.
* Your cash position isn't limited by this guideline, although you must be 65% invested

That should do the trick as far as port quality and raising the bar to prevent hail mary plays.

And for anyone worried about not knowing if they're in compliance, the site even TELLs you when you're not in compliance (via your Fund's Compliance Report Card that is browseable within your own Fund pages), so there's no excuse for not making the official rankings.

Nice idea...but it seems like a lot of work IMO

Only as much work as you want to put into it. It's possible to spend 30 minutes creating your fund ticker, put in a dozen or so picks with limit orders or market orders and then let 'em go without even looking at it. Fast forward 12 months and see how they went. All of 30 minutes to be in the running for the title. Or you could invest several hours a month fine tuning it and rotating funds around trying to improve performance, or testing strategies.

I spent an hour or so putting orders in today and must say that I'm impressed with marketocracy. Prompt emails, and realistic. They use a % of real volume to establish your position. Some orders filled fast (like AMLN) cuz volume is high. Others didn't fill over the whole day (like BEL) and it'll pick up the buying again tomorrow cuz I entered GTC. From what I've seen of the site, it's awesome considering all things. It ain't no IB TWS platform, but it's accountable, realistic, easy to use, and free. No complaints here yet.

But anyway, this time of year is busy, and maybe come 2006 you'll get some spare time to throw a port together IIC and all others who don't have time for this mess right now.

[spikefader]

OK folks, I threw a 10 stock Fund together today (ticker is SPIKE) and got pretty aggressive, the wisdom of which will reveal itself the next 2 days All have valid TA setups that support the entries, and I'll be strict with downside stops as soon as I figure out how to set a stop Karel, and hints??

But here it is. Port average finished -0.58% for the day.

[Karel]

OK, here are my holdings. NFI and SAFM will be kicked away when the new year comes. A replacement has not been found yet.

http://img426.imageshack.us/my.php?image=qhf200512292zd.png

Regards,

Karel

[dmk112]

Spike, I will set up my account in 2006.

[Lyehopper]

This is very cool.... I have set up my account but Have not finished my portfolio yet. Each player posting their holdings is the way to go fellas, I like it.

Karel, do you subscribe to the premium service?

[Karel]

Lye: No, I don't. Besides this site I use Yahoo, Moneycentral on MSN.com and the free Reuters tools.

Regards,

Karel

[spikefader]

OK, here are my holdings. NFI and SAFM will be kicked away when the new year comes. A replacement has not been found yet.

http://img426.imageshack.us/my.php?image=qhf200512292zd.png

Regards,

Karel

Absolutely gorgeous numbers Karel. Congrats.