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  Prediction Market - Power Tools  
  Description
  Tools
  How Do I Start?
  What's Going On?

  FAQ
Power Tools can be used to
  • Teach Beginners how to make money trading.
  • Make life easier for Advanced Traders.
Power Tools provide information and capabilities that are already available for free on Cenimar. However, they package the information and tools in a form that makes it easier to manage certain types of trades.

Power Tools allow

  • 50 Free orders/day for new users for the first 30 days.
  • and cost $5 for 500 orders after the free orders are used up.

During your first 30 days you can choose to pay to use Power Tools if you want to use them to place more than 50 orders per day.

Whether or not you use Power Tools, you can still trade for free using our normal trading forms. Trades using our standard trading forms will not count towards the Power Tool total trades.

Don't be worried about the fees associated with Power Tools. You always pay up front (or they are free). You will never be presented with any surprise bills after you have finished placing orders. If Power Tools permit you to place orders then you are either using the free trial orders or you have already paid for the orders. Once you run out of your free and/or pre-paid orders you will not longer have access to the Power Tools (unless you make another payment).

   Description    
Power Tools make recommendations as to what Contracts you should invest in. They also suggest trade prices and quantities based on your holdings.

Since they provide a convenient way to place multiple trades at one time, they are great for advanced users.

Since they describe why they are taking the action they recommend, they are great for beginners who want to make money our of active trading rather than buy and hold trading.

Use of Power Tools will not guarantee any profit. But they are probably the quickest way to teach yourself how to trade on Cenimar.

You should be wary about investing in Contracts that have sudden jumps in predictions during the life of the Contract. (Entertainment Contracts often exhibit this behavior.) You should always weigh the recommendations of the Power Tools against your personal experience. For example, don't follow the recommendation of Power Tools to purchase a particular Option at a high price if you have personal knowledge that suggests that the price of that Option will soon fall drastically. Power Tool recommendations are based on recent historic data. They have no way to predict sudden changes.

   Tools    
Power Tools currently offers two Tools.
  • Market Maker Tool     Open the Market Maker Power Tool

    This Tool helps you to find Contracts with a wide bid-ask spread and high volume. It provides an estimate of the potential profit from your trades. These are ideal Contracts for active Market Makers.

    Once you find a great Contract, you are directed to the Contract Tool to do the actual trading.

    The Market Maker Tool tries to avoid periods where the prediction may be changing rapidly (such as the first few and last few days of a Contract). The Tool takes this approach because historical data trends may vary rapidly during these periods. However, you can override the restrictions on the recommendations if you are willing to take more control over your orders and are willing to accept more risk in your trading.

  • Contract Tool

    This Tool helps you to buy Bundles of Options and resell the individual Options to other users, at a profit.

    You can also make a profit from simply buying low and selling high.

    The Contract Tool will setup buy and sell orders for a complete Contract at one time. It will recommend price and volume to buy and sell individual Options. It will even recommend canceling old orders, when required.

    You can modify or totally override the recommended orders if you simply want to use the Tool as a convenient way to submit or cancel multiple orders in one go.

    This tool works best for registered Market Makers. If you are not one already, you can easily become a Market Maker for free.

    You can reach the Contract Tool from the Market Maker Tool, from your Portfolio or from your Market Maker View.

   How Do I Start?    
If you are using Power Tools within 30 days of it's release or 30 days of you signing up with Cenimar then you get 50 free orders per day. So make the most of them! Let's say that you have your I$250 signup bonus and you want to play the role of an active trader. You want to buy stock inexpensively and resell it quickly (for a profit) to other traders. If that's the case then Power Tools are for you.

With I$250 to play with, you might decide to put I$50 into each of five different Contracts. Our in-house testing suggests that an "Aggressive" approach works best for traders who want to revisit their trades once a day, or at least once a week.

Use the Market Maker Tool to list the best Contracts for you. You might aim for orders of about 5 shares if you want to spread I$250 over 5 Contracts. The best Contracts are normally the ones at the top of the Market Maker Tool list.

From that list, click on a Contract Name to open the Contract Power Tool for that Contract. The Contract Tool will now recommend how many bundles to buy and what price to set for your buy and sell orders.

Repeat this for four more Contracts and your I$250 (and your 50 free orders) will probably be gone! But that's OK, because (especially with "Aggressive" trading) you'll probably see some sales today or tomorrow.

Tomorrow you can list your Contracts by viewing your Portfolio. From there, re-select the Contract Power Tool for each Contract in turn. It will probably recommend small changes to some, but not all of your orders. You'll also be able to reinvest profits from earlier sales. You'll probably find that you can now fine tune your investments with Power Tools at least once a day without using up the free allocation.

Hopefully you'll soon be on your way to earning a profit!

   What's Going On!    
What's Going On! is an online forum for our users.
Cenimar staff may also use this forum to answer questions or pass information on to our users.
Forum category: Power Tools
Cenimar

11 Mar 2007

Hint for new users: start with a target of 5 shares per Option. That way you'll be able to actively trade on 4 or 5 Contracts with as little as your I$250 signup bonus.
Cenimar

17 Mar 2007

For the record: we just completed a test were we created three new accounts and used them once a day for a week to blindly follow one each of the three Power Tools recommendations: Aggressive, Average and Maximum. The account that followed the 'Aggressive' recommendations more than doubled it's initial I$250 balance. The 'Average' account increased it's balance by over 50%, the 'Maximum' by over 30%.

Because of these results we will change the default Power Tools setting from 'Average' to 'Aggressive'.
Cenimar

29 Mar 2007

As we continue to evaluate Power Tools performance we still believe that the 'Aggressive' setting is the best way to go. It appears to continually and significantly outperform both the 'Average' and 'Maximum' settings.
Cenimar

25 Mar 2007

Don't forget that Power Tools are free to all users for the next 16 days! It's also free to all new users for the first 30 days after you signup.

Don't miss out on your opportunity to try the Tools for free!
Cenimar

30 Mar 2007

We have had surprisingly little feedback on our new Power Tools. Are they too complex?
Tiger

31 Mar 2007

I have tried power tools, but I still prefer to place orders manually. For the less experienced trader, I believe power tools definitely are a helpful guide. However personally, I find that going through power tools takes essentially just as long as placing seperate orders. After choosing all of the settings, and then going through and changing all of the suggested buy and sell orders, it doesn't save much time for me. The idea is a good one however.

I would prefer a much simpler multiple buy and sell order form for each contract, that basically just combined each individual option page in to one long page, just to save clicking, but without all of the pretty yellow, red, green and blue bars ;-) I do think that newer traders should take advantage of power tools though.
Tiger

31 Mar 2007

O ya, and I don't really understand, or like, the fact that power tools cancels some of my existing orders. When I looked at it closely, it didn't seem to me that any of the orders it cancelled were going to result in a self trade...
Cenimar

31 Mar 2007

Thanks for the feedback. Power Tools only cancels old orders if it thinks they should be replaced by the new recommendations.

As with all recommendations, you can override them by unchecking the appropriate cancel checkboxes.
Cenimar

1 Apr 2007

We have now completed our third week of testing Power Tools on an Aggressive' setting and simply following recommendations. After starting with the normal I$250 signup bonus, we have doubled our holdings every week. Our test account balance is now over I$2000!

Note that these tests use only the free allocation (50 power tool trades per day) that are available to everyone.
Supermommy

2 Apr 2007

I just found it today, I didnt know I had this kind of tool! I wish I knew about it when I signed up, I only have 7 days left with it :(
Cenimar

3 Apr 2007

Thanks for the feedback. It looks like we need to do a better job of promoting the tools.
agent 53869

3 Apr 2007

Why would the market maker tool sell options without buying them? I am confused, don't I need to buy options before I can sell anything? It populates the sell boxes, but nothing in some of the buy boxes.
Cenimar

3 Apr 2007

The first recommendation in your Contract Power Tool form is probably a recommendation to buy bundles of options. That's normally the cheapest way to buy shares of all Options in one Contract. It also gets you shares immediately - so you can start selling them. The sell orders will be there to sell the shares that you are about to buy in the bundles.
agent Smurfpoo

17 Apr 2007

from my portfolio page, is there a way to tell if something has increased in value?
Tiger

18 Apr 2007

Well, in a way, yes. If you click on numbers of shares you own for a certain option of any contract, then it takes you to a page showing you the history of bought and sold shares of that contract.
agent 59422

10 Jun 2007

i am new to this but i really want to learn. Anyone who can help please do.
agent 63084

27 Jun 2007

i wish to make 50 free orders for the next 30 days.
Cenimar

27 Jun 2007

Looks like you are a new user. So you should be able to use Power Tools to make the the free orders without any additional interaction from us. (And, of course, conventional Prediction Market orders remain free for all traders.)
agent 70772

26 Sep 2007

i think i need a basic knowledge
19 records found.
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Forum category: Power Tools
 
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