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3 points   posted on 03/27/07
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What do you think of the CNBC Stock Challenge? What kind of contest would work best on Social Picks?



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Comments (9)

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Homer__alaska_gulf
Brad   48%     2 points   commented 559 days ago reply

I think a contest that does not require you to trade constantly to have the highest possibility of winning would be better than the CNBC Stock Challenge. This years CNBC Stock Challenge is more about traders than investors.



A contest that rewards swing traders as well as long-term investors could be most interesting and showcase the most talented traders & investors.

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Money_bags
Kerron Pierre   22%     0 point   commented 524 days ago reply

socialpicks definitely needs to put a contest in place where people can win real MONEY! thats the key! traders and investors alike will come with their individual strategies to take a piece of that pie

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Zane
zanewaltz   51%     0 point   commented 76 days ago reply

Reuters Stock Buzz and Socialpicks need a stock trading contest that is ongoing. It could have daily, weekly and all-time winners. It would drive web traffic to the website and be fun. See the articles on Zane's Business to follow my CNBC experience.

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074
Jeremy McDonald   72%     1 point   commented 76 days ago reply

- I didn't like the fact that CNBC would not let you trade stocks with a marketcap of less than 100 million. A big part of investing for me is taking real risks in hope of a real short term reward.

- Another downside was that their website runs very slowly (ie, the system was not designed well), so not only are you investing time in an effort that will likely not result in a gain of any sort, you are also spending time waiting for the system to respond.

- They would only allow you to trade during market hours and then record you trades at the 4 PM price. It basically interfered with my regular strategy and research. Allowing more freedom (ie, getting the stock at the price and time of your choice and then selling at the exact time and price of your choice) would help to save time, because you could do exactly what you would in real life.

In summary, I would have preferred that it was more like the real thing.

Maybe you could run it for them next year.

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traderdrew   71%     1 point   commented 74 days ago reply

A contest that best simulates real world trading while also allowing for recognition for the winners is in my mind it what would be best.

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allstarinvestor   82%     1 point   commented 71 days ago reply

what do you guys think would be a good prize for a web stock picking contest

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Kbe_4-14
nextfundmanager   N/A     1 point   commented 71 days ago reply

I think the CNBC challenge makes it harder for skillful investors than it should have been

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Jpeg_sun4agk
Locationh   36%     1 point   commented 71 days ago reply

Socialpicks should have a contest. As for CNBC I have to agree with Mr. Mcdonald

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Kbe_4-14
nextfundmanager   N/A     1 point   commented 71 days ago reply

Agreed, would be a nice way to recognize top tier investors on the site and could certainly help them get a nice dose of followers


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