Trade executions at CAPS are clearly vintage 1975. I have had three trades pending for the last hour and a half and none of them have traded...at least according to CAPS. Two of the three trades are closes on short positions, DSX and PGPDR.PK. The other trade is a new short on GMCR, and even though the stock has traded 6.5 million shares, CAPS can't seem to get the handle on the execution for the past hour. I haven't traded like this since...well, at least 1975.
Let's talk about how 'good' an indicator CAPS really is when time critical executions take between an hour to two hours. How reliable a yardstick could this enterprise really be with such an incredible sluggishness to ALL of the trades. Why is it so slow? Does the speed of the trade have anything to do with the quality of the trader himself, or is that a representation of something entirely different? Why would anyone trade anything at CAPS in a wild market? How could you even be certain where entry points and exit points should be when they are constantly an hour or two late?
How does any of this reflect well on The Motley Fool to begin with, or those who score well or poorly here. If you are going to build a system for paper trading that is entirely reduced to a crap shoot, then why not just say so and be done with it. As we all know, trades in real life take an instant....not that I'm asking for that from CAPS, but certainly we should do better than 1 to 2 hours can't we? Or am I simply being too optimistic?