The game direction is actually three months, but still; short-term strategies should still apply.
It dawned on me when you said "business plan." I have been using method I believe what you called One Order Closes Another (OOCA). This in part while using the Average True Range (ATR) to better gauge entry and exit. I have been using the 1/4, gain/loss ratio. This part has been extremely helpful. So when it comes down to diversification, I should be diversifying 25% or in $25,000 increments.
As you know I'm a long-term investor. However; the past few months I have began learning how to swing-trade. I have been testing strategies, using the resources you have given me and using other resources that I have found helpful. I'm still not comfortable with the swing-trading strategy using real capital, but I will use it for the game.
Apparently, I'm the only student in the class of 30 who trades/invests. The professor told the class that he is a investor consultant and a technical trader. I wanted to speak to him about technical trading, but I didn't want to seem like a 'know it all' because I'm not and then have dismal performance in the game.
Your opinion is much appreciated. After these statements, I still can't decide weather I should trade on margin or not. I would feel more comfortable trading on margin if I was comfortable with the strategy weather it is real capital or in this case, paper trading. I need to make a decision before I go to bed because I need the orders ready for the morning. I'm leaning more towards margin trading. I will stick to the regular exit strategies and to the best I can.
Thank you for answering the question! I have been busy so I haven't been able to bug you with questions like I usually do!