jetsmets150
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- Jan 29, 2010
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I'm in!
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Who's up for a 2nd half stock market baseball game?
- Thread starter cjedmonton
- Start date
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kerryfan5
New member
Ill try my luck. Sounds fun.
pootshwan
Member
definitely interested in this one!
MansGame
Active member
Sounds fun... I'm in.
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Looking for Albert Belle cards! PM me!
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Looking for Albert Belle cards! PM me!
ArtVandelay
New member
- Jul 6, 2010
- 468
- 0
This sounds interesting! Im in.
Thanks!
Thanks!
- Thread starter
- #29
cjedmonton
Well-known member
Thanks for interest, everyone.
I think the rules are coming along nicely, but whoever decides to play will almost certainly have some questions. Let's make this a collaborative effort. Please read through the preliminary ruleset and see if everything makes sense.
----------------------------------------------
Welcome to my latest contest.
In order to proceed, we will need between 15-30 to play.
If interested, you must PM your portfolio to me before July 19th. No exceptions!
HOW TO PLAY
1. Each contestant is given 1,000,000 credits to build a portfolio of up to 8 position players and 4 starting pitchers. You do not have to buy shares for all 12 slots, but you may not hold more than one player at the same primary position or more than 4 pitchers at the same time.
2. Each hitter has a market value equal to 10x their 1st half OPS
3. Each pitcher has a market value equal to their 1st half K/9 rate
4. Contestants may buy as many shares of each player as they would like at their current 1st half market value, so long as they do not exceed 1,000,000 gross credits (shares x market price). Any unused credits are held in their portfolio as "cash".
5. A commission is charged for each share bought or sold. See below for details.
6. As the 2nd half of the season progresses (July 19 - Sept 29), a player's market price will rise and fall based on their 2nd half OPS or K/9 rate compared to the 1st half rate they purchased shares of that player.
For example, if you purchase a player with a 1st half OPS of 1.000 (10.00 market price), but his 2nd half OPS is .845 (8.45 market price), that player's market price has dropped by 1.55 per share.
7. Contestants are allowed to make up to 5 trades from July 19th - September 29th. Please see the buying/selling sections below for details.
8. The contestant whose portfolio realizes the highest net gain (post-commission balance + cash) at the end of the season wins a yet to be determined, but worthy prize.
OPENING YOUR PORTFOLIO
Please copy/pase the order form template at the bottom of this post when sending me a PM to open your portfolio. This template is required for each trade you make.
1. The inital player exchange will be open from July 8th-18th. You may lock in your player's price at any time during this period. Any losses or gains will be compared to your locked in price throughout the 2nd half of the season.
2. During this time, please go to each of the links below to select the players you would like to buy.
3. Each player's market value is based on either their 1st half OPS or K/9 rate. The initial player exchange links have been pre-set to include only those players with 100 plate appearances or 100 innings pitched. If you visit another site with a sortable stats feature, please remember that any player below these minimums will not be accepted.
Subsequent trades do not have a PA/IP min. requirement.
4. Again, you do not have to fill all 12 positions, but you cannot exceed 1,000,000 gross credits and you may not hold more than one player at the same primary position or more than 4 pitchers at the same time.
5. Once you have determined which players you would like to buy and how many shares you'd like of each, you have to pay a commission for each trade. The purchase commission is equal to 10% of the winning percentage of the team he plays on.
For example, you choose Justin Upton of the Atlanta Braves. If the Braves winning percentage at the All-Star break is .595 (59.5%), that means you pay a 5.95% commission for adding Justin Upton to your portfolio. This commission is deducted from the gross value of this trade (number of shares x market price).
SELLING PLAYERS
1. Although this game is tailored to strongly encourage a "buy & hold" strategy, you may make up to 5 trades, but no more than one per primary position player or pitcher slot.
2. Trades may be executed at any time. As the portfolio manager, you must copy/paste the order form provided at the bottom of this post and send a PM to me for execution.
No partial trades are permitted. 100% of your holdings for a player must be sold before you can replace him with another player at the same primary position.
3. The net value of the player you are selling will be deposited in your "cash balance" prior to buying shares of your replacing player.
Net Value = current market price x shares sold - sales commission
Please remember that the only funds you have at your disposal to purchase a new player is what you have in your cash account. No margins or leveraging in this game!
4. To deter manipulation of a short term hot streak, bailing out on a short term slump, or capitalizing on a 2nd half call-up, an aggressive commission scale has been established.
5. To determine the commission you will have to pay to sell a player, refer to the chart below. Simply find the date you are selling a player and read across the table to find the commission owed for that sale.
6. The only way to avoid paying any sales commission is to hold a player for the duration of this contest.
SALES COMMISSION TABLE
Commission Table
BUYING NEW PLAYERS
1. Buying shares of a new player to replace your old one is very easy. When you send me a PM to execute a trade, simply indicate which player you are buying, the date of the trade, and how many shares you are buying. You will be locked in to his current OPS or K/9 rate. That will be the benchmark for that player to assess future performance. Again, please ensure that you have enough funds available in your account to execute the trade. This means factoring in the commission charged for the sale of your old player.
2. Similar to the initial trades you made to open your portfolio, the market price you purchase a new player at will be equal to either 10x his current 2nd half OPS or his K/9 rate, minus the current purchase commission. Remember, the purchase commission is equal to 10% of the current winning percentage of that player's team.
SAMPLE PORTFOLIO
Here is a sample opening portfolio to give you an idea of how things are laid out. I will post periodic updates to everyone's portfolio, but you are encouraged to track your own performance. Simply refer to the regular player exchange links below to to track the current market price for each of your players.
Sample Portfolio
INITIAL PLAYER EXCHANGE (VALID JULY 7-18)
Catcher
1st Base
2nd Base
3rd Base
Shortstop
Leftfield
Centerfield
Rightfield
Starting Pitcher
REGULAR PLAYER EXCHANGE (VALID JULY 19-SEP 28)
Catcher
1st Base
2nd Base
3rd Base
Shortstop
Leftfield
Centerfield
Rightfield
Starting Pitcher
ORDER FORM
For each trade, please copy/paste this template in your PM. Trades will be excecuted the date of your PM.
Buy/Sell:
Position:
Name:
Team:
Shares:
Current OPS or K/9 rate:
Commission:
I'm sure there will be some questions, but once you build your portfolio, it really is as simple as tracking your player's performance throughout the 2nd half. Check it as daily or just set it and forget it. Your choice. I'll track everything in a spreadsheet and will post occasional updates.
Thanks for the interest,
Chris
I think the rules are coming along nicely, but whoever decides to play will almost certainly have some questions. Let's make this a collaborative effort. Please read through the preliminary ruleset and see if everything makes sense.
----------------------------------------------
Welcome to my latest contest.
In order to proceed, we will need between 15-30 to play.
If interested, you must PM your portfolio to me before July 19th. No exceptions!
HOW TO PLAY
1. Each contestant is given 1,000,000 credits to build a portfolio of up to 8 position players and 4 starting pitchers. You do not have to buy shares for all 12 slots, but you may not hold more than one player at the same primary position or more than 4 pitchers at the same time.
2. Each hitter has a market value equal to 10x their 1st half OPS
3. Each pitcher has a market value equal to their 1st half K/9 rate
4. Contestants may buy as many shares of each player as they would like at their current 1st half market value, so long as they do not exceed 1,000,000 gross credits (shares x market price). Any unused credits are held in their portfolio as "cash".
5. A commission is charged for each share bought or sold. See below for details.
6. As the 2nd half of the season progresses (July 19 - Sept 29), a player's market price will rise and fall based on their 2nd half OPS or K/9 rate compared to the 1st half rate they purchased shares of that player.
For example, if you purchase a player with a 1st half OPS of 1.000 (10.00 market price), but his 2nd half OPS is .845 (8.45 market price), that player's market price has dropped by 1.55 per share.
7. Contestants are allowed to make up to 5 trades from July 19th - September 29th. Please see the buying/selling sections below for details.
8. The contestant whose portfolio realizes the highest net gain (post-commission balance + cash) at the end of the season wins a yet to be determined, but worthy prize.
OPENING YOUR PORTFOLIO
Please copy/pase the order form template at the bottom of this post when sending me a PM to open your portfolio. This template is required for each trade you make.
1. The inital player exchange will be open from July 8th-18th. You may lock in your player's price at any time during this period. Any losses or gains will be compared to your locked in price throughout the 2nd half of the season.
2. During this time, please go to each of the links below to select the players you would like to buy.
3. Each player's market value is based on either their 1st half OPS or K/9 rate. The initial player exchange links have been pre-set to include only those players with 100 plate appearances or 100 innings pitched. If you visit another site with a sortable stats feature, please remember that any player below these minimums will not be accepted.
Subsequent trades do not have a PA/IP min. requirement.
4. Again, you do not have to fill all 12 positions, but you cannot exceed 1,000,000 gross credits and you may not hold more than one player at the same primary position or more than 4 pitchers at the same time.
5. Once you have determined which players you would like to buy and how many shares you'd like of each, you have to pay a commission for each trade. The purchase commission is equal to 10% of the winning percentage of the team he plays on.
For example, you choose Justin Upton of the Atlanta Braves. If the Braves winning percentage at the All-Star break is .595 (59.5%), that means you pay a 5.95% commission for adding Justin Upton to your portfolio. This commission is deducted from the gross value of this trade (number of shares x market price).
SELLING PLAYERS
1. Although this game is tailored to strongly encourage a "buy & hold" strategy, you may make up to 5 trades, but no more than one per primary position player or pitcher slot.
2. Trades may be executed at any time. As the portfolio manager, you must copy/paste the order form provided at the bottom of this post and send a PM to me for execution.
No partial trades are permitted. 100% of your holdings for a player must be sold before you can replace him with another player at the same primary position.
3. The net value of the player you are selling will be deposited in your "cash balance" prior to buying shares of your replacing player.
Net Value = current market price x shares sold - sales commission
Please remember that the only funds you have at your disposal to purchase a new player is what you have in your cash account. No margins or leveraging in this game!
4. To deter manipulation of a short term hot streak, bailing out on a short term slump, or capitalizing on a 2nd half call-up, an aggressive commission scale has been established.
5. To determine the commission you will have to pay to sell a player, refer to the chart below. Simply find the date you are selling a player and read across the table to find the commission owed for that sale.
6. The only way to avoid paying any sales commission is to hold a player for the duration of this contest.
SALES COMMISSION TABLE
Commission Table
BUYING NEW PLAYERS
1. Buying shares of a new player to replace your old one is very easy. When you send me a PM to execute a trade, simply indicate which player you are buying, the date of the trade, and how many shares you are buying. You will be locked in to his current OPS or K/9 rate. That will be the benchmark for that player to assess future performance. Again, please ensure that you have enough funds available in your account to execute the trade. This means factoring in the commission charged for the sale of your old player.
2. Similar to the initial trades you made to open your portfolio, the market price you purchase a new player at will be equal to either 10x his current 2nd half OPS or his K/9 rate, minus the current purchase commission. Remember, the purchase commission is equal to 10% of the current winning percentage of that player's team.
SAMPLE PORTFOLIO
Here is a sample opening portfolio to give you an idea of how things are laid out. I will post periodic updates to everyone's portfolio, but you are encouraged to track your own performance. Simply refer to the regular player exchange links below to to track the current market price for each of your players.
Sample Portfolio
INITIAL PLAYER EXCHANGE (VALID JULY 7-18)
Catcher
1st Base
2nd Base
3rd Base
Shortstop
Leftfield
Centerfield
Rightfield
Starting Pitcher
REGULAR PLAYER EXCHANGE (VALID JULY 19-SEP 28)
Catcher
1st Base
2nd Base
3rd Base
Shortstop
Leftfield
Centerfield
Rightfield
Starting Pitcher
ORDER FORM
For each trade, please copy/paste this template in your PM. Trades will be excecuted the date of your PM.
Buy/Sell:
Position:
Name:
Team:
Shares:
Current OPS or K/9 rate:
Commission:
I'm sure there will be some questions, but once you build your portfolio, it really is as simple as tracking your player's performance throughout the 2nd half. Check it as daily or just set it and forget it. Your choice. I'll track everything in a spreadsheet and will post occasional updates.
Thanks for the interest,
Chris
Last edited:
Ghumbs
Member
Thanks for yet another contest. They're so intriguing.
Johnny G
New member
This should be a blast. Gonna start building something tonight.
- Thread starter
- #32
cjedmonton
Well-known member
Great! Don't get too committed/attached to your portfolio, though. There are bound to be some minor tweaks before the official signup thread is launched.
- Thread starter
- #33
cjedmonton
Well-known member
I still have a few nagging issues with the ruleset. What are your thoughts about:
1. Increasing the risk/reward factor for higher priced players.
For instance, if someone locks in Chris Davis at 11.20 (1.120 OPS), not only are they getting fewer shares than a lower priced player for the same investment, but any gains from Davis exceeding that OPS rate over the 2nd half is probably negligible. I mean, how high can he possibly go? A lower priced player would have more room to move up.
To correct for this, I could calculate gains/losses this way:
(sell price - buy price) x (buy price) x (shares)
In Davis' case, each .001 increase/decrease in OPS over the locked in price results in an 11.20 gain/loss mulitplied by the number of shares held. This rewards a portfolio manager who has taken more risk by buying a higher priced player than one who plays it safe with a lower priced player. Of course, they are also more heavily penalized if their player's performance drops. Make sense?
2. Only offer access to 1st half players with the min. requirements (100 PA or IP) throughout the game. This will remove the opportunity of buying a late season call up with a 0.000 OPS or 0.00 K/9 rate. You can see what sort of outrageous gains are possible in this scenario with absolutely zero downside.
3. Allow multiple trades of the same position (for example, trading your 2nd baseman up to 5 times). This would add another layer of strategy.
4. If we were to allow access to all players in the 2nd half (no PA/IP restrictions) and allow multiple trades of the same position, I would amend the commission table.
In this case, the table would include a 3rd column showing the number of days a player was held. The longer they were held, the lower the sales commission. This would follow the same sliding scale as the date of initial sale column.
For example, the commission for an initial sale on July 19th = the sales commission for a player held for 1 day (80%)).
I would also force a season end liquidation of the entire portfolio, so late season acquisitions would carry a higher liquidation commission than those trades made early in the 2nd half. Players held for the entire game would not be assessed any liquidation commission.
Anyway, those are just a few other ideas I had. I'd love to be able to reward portfolio managers who do their homework, watch for trends, and execute trades at opportune times. Thoughts?
The official thread will be launched by mid-week.
1. Increasing the risk/reward factor for higher priced players.
For instance, if someone locks in Chris Davis at 11.20 (1.120 OPS), not only are they getting fewer shares than a lower priced player for the same investment, but any gains from Davis exceeding that OPS rate over the 2nd half is probably negligible. I mean, how high can he possibly go? A lower priced player would have more room to move up.
To correct for this, I could calculate gains/losses this way:
(sell price - buy price) x (buy price) x (shares)
In Davis' case, each .001 increase/decrease in OPS over the locked in price results in an 11.20 gain/loss mulitplied by the number of shares held. This rewards a portfolio manager who has taken more risk by buying a higher priced player than one who plays it safe with a lower priced player. Of course, they are also more heavily penalized if their player's performance drops. Make sense?
2. Only offer access to 1st half players with the min. requirements (100 PA or IP) throughout the game. This will remove the opportunity of buying a late season call up with a 0.000 OPS or 0.00 K/9 rate. You can see what sort of outrageous gains are possible in this scenario with absolutely zero downside.
3. Allow multiple trades of the same position (for example, trading your 2nd baseman up to 5 times). This would add another layer of strategy.
4. If we were to allow access to all players in the 2nd half (no PA/IP restrictions) and allow multiple trades of the same position, I would amend the commission table.
In this case, the table would include a 3rd column showing the number of days a player was held. The longer they were held, the lower the sales commission. This would follow the same sliding scale as the date of initial sale column.
For example, the commission for an initial sale on July 19th = the sales commission for a player held for 1 day (80%)).
I would also force a season end liquidation of the entire portfolio, so late season acquisitions would carry a higher liquidation commission than those trades made early in the 2nd half. Players held for the entire game would not be assessed any liquidation commission.
Anyway, those are just a few other ideas I had. I'd love to be able to reward portfolio managers who do their homework, watch for trends, and execute trades at opportune times. Thoughts?
The official thread will be launched by mid-week.
Johnny G
New member
I hear ya, thanks. Getting a few ideas and planning strategy I should say. Thanks for running this.
wildcat4
New member
Sounds like this is going to be a whole lot of fun.
goldenegg1
New member
- Aug 7, 2008
- 4,100
- 0
I'm in!
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