The more appropriate name for this competition should be the Art of Speculation where the speculator with the most profits win! If you want to learn about the art of speculating the stock market without being burnt, this is the competition for you. Unfortunately, it will not help you in your trading or investing journey. Let's take a look at the winning criteria.
In order to win this competition, the winner will likely be one who takes concentrated positions and bet 'big' in a few stocks which is more volatile (i.e. have a higher beta). Players will probably try to catch all the upswings and downswings to maximize the opportunities of winning. I will be very surprised if the winner on 30 Nov is one who 'buys now and sells on 30 Nov". The winner will likely be a speculator who don't really practise money management and bet big. In any case, i will play it this way to win since this is just virtual money. I will be interested to find out and analyse the trades of the winner at the end of the competition if it is available. :)
I would consider this game as a form of entertainment as this will not be how you will play with real money. However, it may encourage players to trade more in real life to generate commissions for sgx.
Happy Speculating :-P
Nice article and i agree with you!
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Thanks for visiting sage. And all the best in your pursuit of financial freedom. :-)
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