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Thursday, February 28, 2008

No Video Today. Today, we have Voice . . .

Challenge Accounts:

Investing Account Balance: $131.14

Stock / Futures Trading Balance: $604.89
Online Savings Balance: $2.06

Ok, today my video editor is giving me fits. I'll get the next videos out to finish my first investment series in the next few days.

However, today? Today we have voice chat. A program that will allow traders, at the push of a button, to voice chat with one another. I thought it might be a good idea to have a place that traders can go, and shoot the breeze. I've seen 'chat shoutboxes', and these work very well. Places that traders type out what they're thinking about numbers, trade ideas, and generally talk shop. So I thought, why not a place that you can do this with voice? I went ahead, and paid for a Ventrilo Voice chat server specifically for this topic. In addition, I've placed a widget in this blog, to show you who's in the Ventrilo Server at any given time. It 'just' went up. I'm "Dan" - for those that don't know.

If you are familiar with Ventrilo the following instructions will seem very easy. If you're not familiar with Ventrilo, I outline the directions below.

Here's a step by step process of what you'll need, and how to install everything if you're interested. If you're already familiar with Ventrilo, you can pretty much just jump down to the end of the instructions list for the IP, Port #, and password . . .

1) You can listen through just regular speakers. In order to talk, you'll need a headset, with a microphone.

2) If you don't already have it, you'll need to download the program "Ventrilo". It's free. Go to this page, and then download the version that says: Windows i386 bit for Windows. If you have another OS, download the appropriate client program for that OS.

3) If you don't already have the program, go ahead and install what you just downloaded, by running the program.

a) Please make sure in the Ventrilo program, when you
click the SETUP button - before you join, that
"Use Push-To-Talk Hotkey" box is checked.

b) Select a key to use for your "Hotkey". Personally I use F10. That's the key you'll push when you wish to talk.

c) You can then use the "Test" to see how your voice comes across in Ventrilo.

4) Once Ventrilo is installed, and you run it, you'll see a spot where it says "User Name: ___________________ ->"

Ok, that little arrow on the right? Click on that arrow. Then hit the button that says "New" Enter your name.

5) You'll see another area that says "Server: ______________ ->"

Click on the little arrow. Then hit the button that says "New" and name the server "Market Buzz"

Here's the information you'll need

Hostname or IP:
Port: 4584
Password: PFEC001root

That password is Penelope, Frank, Eric, Cat, zero, zero, one, Robert, Octagon, Octagoon, Tom.

Hit enter, and then CONNECT!

Wala. You're in.

(I'm going to be editing this post in a few days, and removing that password. If you are reading this after the first few days? Then leave a comment at the end of this blog, and I'll make sure to get you the password)

* * *

Investing Account Balance: $131.14
Stock / Futures Trading Balance: $604.89
Online Savings Balance: $2.06

Total Trades and Investments: 2
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 2
Average Drawdown: $82.56
Average Loss: $82.56
Accuracy Rate: 0%
Average Reward: $0.00
Risk Reward Ratio: N/A

This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research.

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