Should I Try And Win Wall Street Survivor Game?

August 28, 2008 12:09 AM

There is an ad on my site that appears periodically, Wall Street Survivor that gives prizes based on trading results with paper money. Unfortunately they do not have SP futures or I would consider making that a living, lol. To win, you have to be up over 50% for the week, in geberal. i never have liked these games as it isn’t real as it does not account for risk. People will simply trade the “all or nothing” stocks and see if it works out. So the games are silliness, in general.

The question is, can I beat 50% a week to win the prize. I am not sure as it requires far more luck than skill. For instance, one weeks winner was long FNM. Well, that was an all or nothing trade, but the trade was long above $6.68 at the time, so I get that. But still, those are the type of stocks you HAVE to trade to try and win, so the concept has never appealed to me. But I may give it a whirl. 10% a day seems within reach if i intraday trade it.

Written by Tom@StockBlade.com · Filed Under General Investing/Trading Commentary

Comments

2 Responses to “Should I Try And Win Wall Street Survivor Game?”

Mark Berger on August 28th, 2008 9:04 am

Tom,
Lot of folks use the same strategy as you describe, so it’s a crowded play. But good luck to you. When you join, I’d like to see how you do, so visit my page at Wall Street Survivor (Survivor name: Mberger47) and ask to be my Buddy. Then, I can track your progress on my Buddy leader board and maybe learn a thing or 2.
Mark
Tom@StockBlade.com on August 28th, 2008 4:11 pm

Hi mark,

I may do that. i haven’t decided if I want to play the game or not as I think people will simply just take the most risky plays and see if they work out. It makes games like this a bit silly, as i see things.

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