So far, I have made $500+ off Intel, $600+ off nVidia, $400+ off TiVo, $250 off IBM, $300 off Xilinx (my mom’s company), $50 off China Life Insurance (I sold it because it was too risky), $950 combined off China Mobile and VFC, and $50 off Marvell. Those stocks consist of 9/10th of my stock history, and all nine of them have returned a decent profit–pretty good for an extremely cautious and conservative investor such as myself. They total to around $3100 bucks, or 3.1% above the starting cash of 100k. That’s pretty good; momentarily, those profits put me in 1st place in my class (period five).
I suppose you’ve noticed I’ve listed 9 stocks of my 10 that have profited me in an acceptable manner, but have left out the last one. That is the one I want to discuss mainly here: EVCC. Before you accuse me of simply and blindly jumping onto the EVCC bandwagon that propelled many to the top 5, I will tell you that this purchase (4000 EVCC stocks at the onset) was part of a calculated profit plan that should have reaped $950-$1000 a day or so, but instead, because of a malfunctioning limit-sell function of Investopedia, I am down $5000 (down $6000 if you include the potential profit) because of it.
What was the plan, you ask? Well, I noticed that EVCC was highly fluctuating, changing as much as 20% a day, and then back, so I realized I could profit immensely from the limit buy and limit sell functions, setting Investopedia to purchase at price x, then sell at price x+y immediately when that happens. The plan would have worked perfectly if Investopedia had worked.
How did I execute the plan? I set up a limit-buy on Monday for 4000 EVCC shares at $4.5 per share, which Investopedia purchased yesterday morning at $4.45. I also had a limit-sell at $4.64 per share, so that I can reap an immense amount of profits from the hourly fluctuations. When I checked back half an hour later, I saw that the EVCC stocks were at $4.69 per share, and I was quite elated, too, because that meant I would have gotten more than I had expected. I would have gained $960 ($920 after minusing 20 dollar commission each way) from the transaction, from that single fluctuation alone.
But when I checked the stocks at lunch, instead of seeing them sold by Investopedia (the limit sell requirements have been met! I even saw the data loaded onto Investopedia!), their values plummeted 13% or so. Although this had dropped me from the momentary high to 31st rank, I decided to keep them, not knowing what to do. Unfortunately, they plummeted again today–this time by $3000 in total value–dropping me to rank 159.
Oh yes, someone logged in as me and made market transactions at 12:49 PM Pacific time (3:49PM Eastern)–when I am in class–and screwed around with my EVCC stocks, causing me an additional 500 dollar loss, but that is insignificant amid this insane $6000 loss from one stock. I’ve changed my password, by the way, although I was sure that I had pressed the log-out button every time I checked my stocks at school.
So instead of being at 103850, I am at 973xx. This sucks. Damn you Investopedia! Good thing this is “fake” money, though, and I did pretty well on the test. Still, this 6000 dollar loss is undeserved; I cannot blame myself for Investopedia not following through with the limit-sell.