Stock Market Practice Makes Perfect Trades
In a bid to sharpen my stock picking strategy, I've opened up an account with Market Watch Virtual Stock Exchange. Any one out there interested in testing out their strategies can join in.
With the US markets on a bear mode, this would be a good opportunity for anyone itching for trades or suffering from stock trading withdrawal symptoms. You start with $100,000 and trading ends in September 30 just about the time that we should be coming out of the slowdown or recession, depending on what you want to call it. I'm betting that the slowdown will last for 2 or 3 quarters. 4 quarters max, if it gets really bad.
Game ID: KenyansGame Password: 08221978
Open this link and read the competition summary: Join VSE Kenyans
Click on the 'Join Game' link. If you are an existing Virtual Stock Exchange member, enter your Email address and Password in the login panel and get set to trade. If you are a new user, follow the link to register - it's easy! Follow the instructions and start trading!
"Go ahead, pull the trigger Mr Chang".
Some people are just born to trade.Warning; Stock trading can be addictive as the brain is hard-wired for money. The human brain responds to high-stakes trading just as it does to the lure of drugs. And the riskier the trades get, the more the brain craves them.
2 comments:
Ssem:
Big difference trading with virtual money versus real money. Since your emotions are detached from the former, one tends to make bold moves and get the timing just right resulting in a much better performance in comparison with real portfolio trading--
--thats why in these CNBC trading competitions you have folks doubling their money in weeks but i bet you nobody would make follow the same strategy with their own million $$ at stake.
True dat. Many a retail investors don't have $100K too.
I'm hoping to use this avenue to learn from my mistakes. Primarily, I want to hone in on my selling skills.
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