Welcome Information

Hello and welcome to the LNAA. This blog is the home of a group of investors on the updown virtual stockmarket trading game. Every Friday after the US markets close, L-Anon will be setting its portfolio for the following week, whether that means acquiring new positions, selling old positions, or holding.

As losers, we realize the importance of a good risk management system. Therefore, accompanying each and every trade will be a stop limit sized at 2% of the total account equity. For example: If our account is valued at $1,000,000 and we open a $200,000 position, the stop will be based off of 2% of $1,000,000 which is $20,000. If the position ever reaches $180,000, it will be closed at market automatically.

At the same account value ($1,000,000), any position that is opened worth less than 20,000 does not require a stop loss.


At the moment, the group's portfolio is 1,000,000 even and it is distributed:
100% - Cash

You can see the portfolio at http://www.updown.com/Losers-non-anon-anonymous/group/4224


Thats it! Our first picks will happen over the weekend! If you would like to become involved in this group, open an account on http://www.updown.com/ and join up. Its free, and informative.

See you on the weekend!