Pick Of The Year Contest - 2008

[JohnHenry]

Thank you sir for taking over!

I could run it along with the POTW, it's not nearly as much work, would just have to post the images weekly And I can set up a score board much the same way so that everyone could monitor during the week as they like....

[Odysseus]

Ok, starting to setup the spreadsheet, when I realized there was something I didn't know, and didn't see in the beginning of the thread.... the score

So ummmm... I get Gain/Loss, but how is the score number determined ?

Thanks !

[jiesen]

Ok, starting to setup the spreadsheet, when I realized there was something I didn't know, and didn't see in the beginning of the thread.... the score

So ummmm... I get Gain/Loss, but how is the score number determined ?

Thanks !

The score is basically a straight % gain for the picks, except for shorts, which get 2x boost (so that the max gain on a short is 200%). At least that's how I remember it... As new POTY cap'n, you can make the score whatever you like, though.

[Odysseus]

Well, if everyone likes it how it is, I'd like to keep it that way If it ain't broke, don't fix it.

So let me see if understand:

Gain/Loss = The current price - Entry Price

Score = % gained/loss from your Entry Price

But if you short, then your Gain = 2 * %
or your loss is = 1 * %

But if you are long it is a straight 1 * %

?

[JohnHenry]

Ok, starting to setup the spreadsheet, when I realized there was something I didn't know, and didn't see in the beginning of the thread.... the score

So ummmm... I get Gain/Loss, but how is the score number determined ?

Thanks !

Hi Ody

I attached the spreadsheet for you if you like to use it.

[jiesen]

Well, if everyone likes it how it is, I'd like to keep it that way If it ain't broke, don't fix it.

So let me see if understand:

Gain/Loss = The current price - Entry Price

Score = % gained/loss from your Entry Price

But if you short, then your Gain = 2 * %
or your loss is = 1 * %

But if you are long it is a straight 1 * %

?

all correct, except if you lose on a short, the loss should also be 2*% (by the old rules).

[jiesen]

Oh, and by the way, that 2x rule was sort of a side rule for the extra picks while I was running the contest, meant to encourage people to play the short side (see the original post when that rule was made).

http://www.mrmarketishuge.com/showpost.php?p=76392&postcount=626

JohnHenry didn't actually use that rule in his contest, obviously, or 1st and 2nd place would have been reversed. So use or don't use the rule at your discretion...

[Odysseus]

Well, how about this then.

Let's double the stakes. We can run the POTY contest, but we'll run one that is all longs, and one that is all shorts. I'm just not sure how fair it is to double a short vs. the longs that can go to infinity. Though obviously it worked great for DMK

Well, how about this. We have a whole month on how to do it. I'll open another thread and see what others think. Want to make sure everyone or at least the majority agree with the rules and likes them.

Thanks Jiesen !