I have said a number of times that I agree with you that it would be wrong to include the gap between Friday close and Monday open (I understand the point you are making and agree with it). I have agreed with it from the outset.
On a chart, set the scale to daily candlesticks and charts on T212 and TradingView will show you the open for the day. That open is not the same as the previous trading days close (so doesnāt include the gap). You seem to be mistakenly thinking that Monday open is the same as Friday close. It isnāt and is a know, published and easily available value. It is the price that trading starts on the day AFTER the price has gapped up/down and the opening price is easily accessible.
I donāt care if you include or exclude Monday. I have simply tried to provide constructive comment and answer your comments constructively. I simply donāt want to personally contribute further where I receive the comments back that I have had. The problem appears to simply have been that you havenāt realised that Monday opening price is easily available and is after all of the price movement since Friday close (ie isnāt the ābottom of the gapā as you put it).
I assume by ābottom of the gapā you mean Friday close. I have always agreed with you that it would not be good to start the challenge from Friday close. What you donāt seem to have appreciated or known is that Monday open is the price after any price changes since the Friday close and pre-market trading and is easily available as a definitive number.
I havenāt read the last reply. Hereās the Roolz:
Edit
Now I have read it, and itās still obdurately choosing to miss the point, and has new errors. There will be no running off to Tradingview or anywhere else for a theoretical price nobody here can buy at, (as explained by āToo late to get your order inā, post #1). Thatās silly.
I didnāt know about Nasdaqās opening cross calculation, I donāt know what other exchanges use, and I donāt care because they arenāt avaiable HERE, neither are premarket prices on Invest, so mere mortals like us canāt buy at them so theyāre ridiculous and impossible to use for a game.
After all these unconstructive posts complaining and diverting, we only now have some sort of explanation of this (newly-found?) hair-split not used on our charts in text or graphic, so it turns out to be useless!
Just a bit of fun but the roolz are meant to make it like real, available dealing, but simple enough so someone can easily deal with them at the end of the week
Pick four instruments for the week.
You āorderā by Sunday midnight.
You get the price which is at the top (rising) or bottom(falling) of the body of the first H-A 15 minute candle Monday morning (so you canāt claim any premarket hike youāve read about). NY or London.
No leveraged stocks, as they arenāt available everywhere.
You can pre-announce:
A Trailing stop-loss like in CFD. State the offset you are setting. Wicks on 15 minute H-A candles WILL count.
A stop-loss. Say what price it is at.
During the week you can tell us youāre setting a new one of either of those, in advance.
You can say youāve sold, but you canāt get a higher price than exists at the time you tell us.
You canāt rebuy, except overnight, with the same conditions as above. Then your gains will be multiplied to get your weekly figure.
.
I think thatās clear and sensible. We get a result by taking the arithmetic mean of the four instrumentsā gains.
SO we get 1) a weekly winner.
ALSO 2) we keep a running total per person. Starting at Ā£10.00. Gains multiply as weeks go by. Winner of that is either
A) Last man standing or
B) First man to reach Ā£20, or Ā£30 if more than one reach Ā£20 together, or Ā£40 etc until thereās one left.