Posted:
#1
I havent finished calculating last years contest results but here are the rules for this years contest.
-First picks must be made by the close of market on Friday Jan 14th
-Stocks must be on major market, no OTCBB or PK stocks
- Trades must be at market price, or closing price PRIOR to market opening (so if you make a pick at night it is based on market open price the next trading session) and prices will be verified as to the accuracy
- You can buy and sell FIVE round trips during the year, but cannot make an additional buy before the previous sell is placed
- New for this year, you can have TWO positions at a time, but at a 50% rate, so if you have two holdings they are for 50% of portfolio versus any other percentage. You must also specify this when making a trade, so if you want two holdings you have to state it when you buy..not after you have the first holding.
Winning calculations will be made as a percentage of gain, not based on the price of the stock.
Any questions feel free to ask, everyone is invited to join the contest.
-First picks must be made by the close of market on Friday Jan 14th
-Stocks must be on major market, no OTCBB or PK stocks
- Trades must be at market price, or closing price PRIOR to market opening (so if you make a pick at night it is based on market open price the next trading session) and prices will be verified as to the accuracy
- You can buy and sell FIVE round trips during the year, but cannot make an additional buy before the previous sell is placed
- New for this year, you can have TWO positions at a time, but at a 50% rate, so if you have two holdings they are for 50% of portfolio versus any other percentage. You must also specify this when making a trade, so if you want two holdings you have to state it when you buy..not after you have the first holding.
Winning calculations will be made as a percentage of gain, not based on the price of the stock.
Any questions feel free to ask, everyone is invited to join the contest.
0
$500 by next December
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