Stocks Investment Contest for March - Everyone welcome to join

[Dr. Jack]

Stocks Investment Contest for March - Everyone welcome to join



Sponsored by Bet Jamaica. You must have an account with Bet Jamaica to play. If you do not have one - click here to open a free account.



1. Contest begins on March 1st



2. Each investor will begin with $10,000 bankroll



3. You can join at anytime but if you join after March 5th - you will begin with a $5,000 bankroll. If you join after March 12th - you will begin with a $3,000 bankroll.



4. You create your own investment thread and use this thread for all your transactions for the entire contest.



5. All transactions will be done by quoting through Yahoo Finance. You need to use the price at the time of your post. So please check and make sure this is accurate. If you post something and someone checks and it's a falso number we are going to have a problem with you participating. We are all adults, let's do it right.



5. You may trade Monday-Friday only



6. You may only trade on anything listed on NYSE and NASDAQ



7. No short selling. Limit trading is allowed on a “good for day” basis. I.e. if your price target does not hit on the day you post, then the trade is cancelled and must be reposted the next day.



8. You are scoring your own investment thread.



9. Everyone will use their own thread titled something like - Jack's March Investments


PRIZES

1st place) - $200 BETJM
2nd place) - $100 BETJM

NOTE: If we get participation and people stick it out we may continue next month and get better prizes.

In order to qualify for 100% of the Bet Jamaica prizes, you must be an active client. If inactive prize will be 25% of prize values. Active means real money wagered at least once every 7 days. Standard rollover applies

We'll deal with any questions that come up as they come up.

[SecretStash]

these trades are 15 min behind then???...i jus recorded one and my time said between 1140 and 1141(depending on clock) and yahoo said it was 1126

[domafia]

Stash use whatever you normally use to get the live quote, but yahoo will be the "Final Line" if you will if there are any disputes. Nobody should be using the quotes that are 15-20 minutes behind since you could cheat and take advantage of breaking news.

[KellosJ]

When is the end of this contest? Close of Market March 30th? And is it graded based on your stocks at that time, or do we have to sell our shares before the last day?

[Dr. Jack]

Yes total dollars close of the 30th

[KellosJ]

So I can buy and sell, buy and sell as much as I want?

[ryhenry09]

yes you can kellos

[Dr. Jack]

I think this contest is a dud. Oh well we tried.

[sportsfan]

What's wrong Jack? I see at least 16 people playing.

[Dr. Jack]

Okay - I just didn't see a lot of activity but I guess it's Monday morning

[sportsfan]

I was kinda surprised that more people aren't daytrading. I think most just picked stocks they liked at the beginning of the month and hope to be up at the end of the month.

[Dr. Jack]

Yeah - I guess that is what I meant. I thought in the last one - there was activity every day. For those who are just playing and hoping to do well for a month - that is their perogative but does not really do much for the forum and the goals of this contest to pick it up in here.

I would like to see this section work out by itself but not sure it will

[KellosJ]

Maybe change the rules to pick new stocks everyday, etc.?

[ryhenry09]

Originally Posted by Dr. Jack

Yeah - I guess that is what I meant. I thought in the last one - there was activity every day. For those who are just playing and hoping to do well for a month - that is their perogative but does not really do much for the forum and the goals of this contest to pick it up in here.

I would like to see this section work out by itself but not sure it will

I agree Jack. Only a handful of us have made multiple trades. I think a few things can be done to make it more interesting. First, lets start with a larger bankroll. Say $25,000. THis will allow us to buy more stocks hopefully and trade in and out of them. Another thing, lets expand past just NYSE and NASDAQ, lets add AMEX and OTC. I think this will help the daytrading aspect. Maybe we can install a minimum amt of trades each week. Like, 5 trades/wk or something. I think the prizes are good. Maybe tell everyone they would increase with more participation or something.

On a side note, i do think the contest has been very helpful. About 15-20 people, whatever we have, have thrown out different stocks they like. I think its good we can share the different stocks ideas.

[Dr. Jack]

Originally Posted by ryhenry09

On a side note, i do think the contest has been very helpful. About 15-20 people, whatever we have, have thrown out different stocks they like. I think its good we can share the different stocks ideas.

Okay cool

Maybe we can come up with a stock of the day or week thread for fun. Maybe that would help? Just thinking out loud