Yahoo! Finance Fantasy – Stock Market Trader Competition 2012
So I thought I might as well apply and try to trade stocks. It’s actually seems more difficult to make money and trade a common stock then trading a more volatile option. My portfolio was down 3% and now it’s up around 1% after I changed my trading style. I sold all my winners and losers and have so far gotten into only stocks under $20 since being in Apple or Google no matter how much they move my %profit is so low. I need small stocks that are moving which are cheap bank stocks and new internet dot com stocks. I guess I’ll see how it works out. 3 stocks worth 33% of my portfolio is much riskier than 8 stocks with only the smaller stocks weighing in more. If you would like to compare my portfolio to yours my username is vabeachbizman.
To try your luck with your fantasy $100k portfolio
sign up here http://finance.yahoo.com/fantasy-finance/portfolio”
This entry was posted on March 21, 2012 by Paul. It was filed under trading stock options and was tagged with portfolio challenge, Stock Market Trader competition 2012, Yahoo! Finance Fantasy.
Paul Meyer 
Hey bro, are you still a fan of achievers choice quest as a starting point? I’m 80% in real estate at age 38, but sense that I’ll be looking to expand my knowledge into new avenues (even if just for the sport of it). Just hope to get a start that seems somewhat systematic and comprehensive from an education standpoint. Don’t want to stumble through Barnes & Noble until I get it right.
March 28, 2012 at 3:44 am
I think Gary’s methods are universal and well taught. Definitely go with it as a starting point, BUT proceed into the markets with grave caution. I do real estate too and to be honest even with a new booming market if you are 80% in real estate (granted, and making money I suspect?) then I would strongly STRONGLY suggest to keep to what you know and invest VERY lightly in companies you love. Right now you can buy up real estate cheap with a high margin for renting. If you are working a job invest more into real estate and quit with cash-flow. I personally believe trading takes a very high caliber disciplined personality – almost militant type. When you do it (online I guess) because you will let me know what you think. I’ve retaken it in 2003-2005. I’m back to practicing – if I had the cash reserves I’d only be in real estate at the moment.
March 28, 2012 at 12:08 pm