Comments on Fund My Mutual Fund: Bookkeeping: Performance Metrics Over

"you literally could lose your entire portfolio in...

2008-11-14T17:40:00.000-05:00

"you literally could lose your entire portfolio in 2 days if the ETF moves against you on one of the days the markets move 10%."

DEFINITELY

I am trading with paper money now, but I moved a little over half my portfolio into a mix of 2X and 3X short ETF's before I left for my train around 3:00 with S&P closing in on 920 (my resistance target) and I get a google quote for the S&P on my phone at like 4:15 and see we closed around 873. WOW

Sheez my portfolio surged almost 10% on a train ride :)

I learned the law of SKF btw, buy below 130, sell above 150. The more below 130, the more aggressively you buy, the more above 150 the more aggressively you sell.

I heard someone on a Yahoo board say how they turned 50K into $1mil by trading SKF this year...and i looked at his history and i think he has credibility, i mean he posted his trades...well that was before the huge collapse in october...he may have $2 million now.

I mean there's 20% swings daily...if you get on the right side of it 1 more time than the wrong side every few weeks, then you double your money ever couple months.

The opportunity is tremendous.

It is funny because one of the sites i used in the past for virtual trading was facebook, they have an fantasy stock exchange application and that is so reliable, probably much more than marketocracy....it lets you go long and short and has all the metrics and you can compare to other people, around 100,000s of people on facebook and you get a ranking. It is reliable, they improved it so much since 1 year ago..you wouldn't think so on a site like facebook...interesting, and of course you can comment on others' portfolios to discuss, etc.

You can see it in this posthttp://www.fundmymutual...

2008-11-14T15:50:00.000-05:00

You can see it in this post

http://www.fundmymutualfund.com/2008/11/bookkeeping-technical-difficulty.html

from yesterday

effectively Marketocracy.com takes 10% of every real time trade and applies it to your trade. So if you want to buy 500 shares of ABC you need 5000 shares to trade in the real world. All those ETFs were moved to a new exchange so the computers at Marketocracy were reading the old data. So to them those ETFs did not trade any shares - hence until volume exists I cannot execute any orders.

So Marketocracy was looking at the old exchange and seeing no volume, hence no orders executed. Now they have to switch to look at the new exchange and then orders on the system will be valid. Today for example I just checked and I could not trade UWM which is the ultra long russell 2000 - because apparently even after the ones I notified them about yesterday, they did not catch this one... I only mentioned the ultrashorts to them in my plaintive email.

Anyhow, that's what happened - all trading in those ETFs were gone for 48 hours and today there still appears to be issues with some of them.

TMCould you explain why you were unable to trade y...

2008-11-14T15:38:00.000-05:00

TM
Could you explain why you were unable to trade your ETF's...
Thank you.

Those things are crazyyou literally could lose you...

2008-11-14T12:58:00.000-05:00

Those things are crazy

you literally could lose your entire portfolio in 2 days if the ETF moves against you on one of the days the markets move 10%.

Mark,Did you hear the new ETF's3X leverage....whic...

2008-11-14T11:47:00.000-05:00

Mark,

Did you hear the new ETF's

3X leverage....which can free up some more cash for you as you can get same hedging with 33% less cash needed over 2X ETF's

they have financial bull/bear

and large cap bull/bear and small cap

BGZ is new SDS
and TZA = UWM

and FAZ is like SKF

FAZ was up 70% at yesterday's high from last week.

Fun stuff here.

:)

In case the market didn't need anymore volatility, they decide to add 3X etf's , historic times. LOL