Thursday, January 15, 2009

IB Olympiad Day Four

Into the green!! Thanks to the option writing strategy and a very nice market reversal.

Closing Liquidation Value: $1,000,912.19 +$48,576.2 (+5.1%)

13 comments:

Bhargav said...

What do you think about the competition this year compared to previous ones? previous years .. all the prizes were not awarded.. people who were just positive and not disqualified won 1000 dollars ..do you think same would be the case this year?

Bhargav said...

Nice day for you I guess ... Good to see your portfolio above 1M

pythagoruz said...

Hey chanti, it will depend on how many entries they had this year. In all previous years they had far few competitors than the maximum, I think last year was around 400 compared with the 2000 limit. Last year the number of entries doubled from 2007 so maybe it will do the same again this year. That being said, I think its reasonably safe to assume that if you profit you will get the $1k. Just because not many people actually get a program working and profit.

Unknown said...

Are you having any problems executing orders? As of this morning, only one of my trades processed, the others are just pending. Just curious if anyone else is experiencing.

pythagoruz said...

Jeremy, I think it is dependent on the liquidity of the equity you are trading. In the simulated system it can't always go out and get filled fast because the Olympiad account doesn't include level II information as far as I know. It only sees the "top" of the market. So if you are trading illiquid securities it may take a while for things to fill because the size at the top of the market is small. Do you mind me asking what it is that you are trading? Were there partial fills?

Unknown said...

Seems this is a little different. Very liquid stocks, RIMM & GOOG and orders just stay pending. Even in simulator, placing orders direct through TWS yields the same results. Just wanted to know whether anyone else was experiencing problems with IB TWS.

Bhargav said...

what orders did you place? Market or limit?

Unknown said...

I've confirmed that for some reason, I cannot trade Google or Amazon in either simulation or olympiad mode for standard market orders. Every other position I try to take seems to work fine. The downside is that I have been stock in AMZN and GOOG for quite some time now and went from a +15K trade to now -20K trade. Kind of frustrating.

Unknown said...

As a follow up, it is all NASDAQ stocks that won't execute

pythagoruz said...

Hmm that sounds like a strange error. My program has been sending order all day that didn't go through but its because DT2009 sucks at capital management and doesn't have sufficient buyingpower to execute the orders. lol

Unknown said...

Turns out there were (and still are) problems with the platform that are preventing me from closing these positions at all. It is a little discouraging because it has caused me to lose a lot of money instead of booking a decent amount in profits, but I guess that's why it's a game.

pythagoruz said...

That sucks dude. You can't close an open position in GOOG? That is no small problem, they prob need to be notified of this. You didn't sell options on the position(s)?

arhy said...

That sucks about NASDAQ, I wonder how they will resolve it, if at all?