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September 18, 2008 – Comments (10)

I have been here since pretty much December 2007, and have run quite the extremes when it comes to rankings.  I have been as low as 0.09, and as high as 99.92 (50th).  Currently I think it is in the 60s.  Here's where things are interesting, in my opinion.

My accuracy is in the 98th percentile, BUT, my score is -1.00.  When I clicked "how are these scores calculated", it said that my score was in the 53rd percentile!

That means that OVER HALF of the people on here have NEGATIVE SCORES!

I hope that's just temporary.  I'd hate to think that the community that I follow for advice is more than half under water.

10 Comments – Post Your Own

#1) On September 18, 2008 at 12:49 PM, dinodelaurentis (68.95) wrote:

like a score here matters, no offense.

were i lucky enough to climb to the 98th percentile i might have a different opinion about that. but i'm here for the debate and information on the market, the different strategies presented are a refreshing change from chasing dozens of theories on different sites. i've learned a lot in 4 months, kdakota630. BTW i read and enjoy your blogs too dude!

Fools like you help me win the big game in the real market! Thanks!!!!!

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#2) On September 18, 2008 at 1:13 PM, kdakota630 (29.76) wrote:

Thanks for the compliments.

When I first started, I could care less about my score or ranking.  All I cared about was beating the market consistently. But once I broke the top 1%, suddenly I cared.

I'm here for the same reasons as you and I've learned a ton as well, and am thankful I found the site.

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#3) On September 18, 2008 at 1:14 PM, dpid (88.60) wrote:

Its pretty hard in the volitality to remain above water. 

The markets seem more for people who trade often and fast at sector rotation... most Fools aren't professional traders and get caught up between the 7 day hold and busy work/family life.

Also, most Fools are thinking Long Term, which is a very good skill to have, unless you are in current market when values all seem arbitrary.  :(

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#4) On September 18, 2008 at 1:16 PM, dpid (88.60) wrote:

Its pretty hard in the volitality to remain above water. 

The markets seem more for people who trade often and fast at sector rotation... most Fools aren't professional traders and get caught up between the 7 day hold and busy work/family life.

Also, most Fools are thinking Long Term, which is a very good skill to have, unless you are in current market when values all seem arbitrary.  :(

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#5) On September 18, 2008 at 1:19 PM, DemonDoug (90.97) wrote:

That means that OVER HALF of the people on here have NEGATIVE SCORES!

Why is that surprising?  It's hard to beat the market.

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#6) On September 18, 2008 at 2:08 PM, kdakota630 (29.76) wrote:

DemonDoug, I would still hope that a group of people playing a stock market game/simulator/educational tool would at least be better than average.

Perhaps I just checked it at a weird time, but I still was surprised by that result.  

Another thing to consider is that there ARE stock pumpers on here that don't care about their scores which would bring the average down.

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#7) On September 18, 2008 at 2:40 PM, blake303 (29.47) wrote:

Why would you assume that more than 50% of the members of an online community, many of which with no financial/economic training and some of which are still in college i.e. no "professional" investing experience, can beat the market when most mutual fund (I know they can't short) and hedge fund managers fail to consitently beat the market? 

http://money.cnn.com/2008/06/04/news/newsmakers/buffett_bet.fortune/

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#8) On September 18, 2008 at 3:30 PM, kdakota630 (29.76) wrote:

True, BUT... the whole idea behind CAPS is that a community of people sharing information SHOULD be able to beat the market, at least that's what the Gardner brothers thought when they created it.

Plus, as people learn here, over time they should be able to beat the market.  Perhaps it just hasn't been here long enough for that to happen.

No matter the case, I was just a little surprised by it.  Perhaps it was just the timing of my checking as well.

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#9) On September 18, 2008 at 6:46 PM, blake303 (29.47) wrote:

Timing contributes to it, as there are people opening new accounts every day. You also have Fools with multiple accounts that utilize different investment strategies. However, if you think that eventually every account will beat the market, you are kidding yourself.

By the way - BOTH OF US ARE LOSING TO THE MARKET!!!

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#10) On September 19, 2008 at 9:44 AM, kdakota630 (29.76) wrote:

I certainly didn't expect every account to be beating the market, but did figure it would be more than half.

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