Which competition to choose

June 26th, 2008

Yalicoo has 4 different stock trading competitions: daily, weekly, monthly and quarterly. All games can improve your skills as an investor, that’s why it’s recommended that you play in few games simultaneously or switch between games from time to time.

In other words, you have the option to play in one game at a time or in a couple of games simultaneously; this is a very challenging mission which will further sharpen your trading skills.

You can view all competitions and choose the one to join from the competitions page.

The following descriptions can help you choose the initial games that will suit your character as an investor and your educational and practice goals. Again, do not forget you may switch between the games from time to time and even play in more than one game simultaneously so you’ll have more fun and gain more experience in the stock market.

The daily competition

This competition occurs every trading day of the week, Monday to Friday, from the time the stock exchange opens until it closes, offering cash prizes of $375.

This game is designed to assist you practice the very short term trading and can improve your instincts as a trader. Expert traders, such as day-traders or short run traders will find this game very challenging. Moreover, since trades are executed with real time quotes Yalicoo platform simulates the exact real money trading, and can be an outstanding replacement for practicing short term strategies on your real money portfolio.

Novice traders who choose to join the daily game will experience the excitement which accompanies the pressure involved with short term trading. They will learn to think fast and use the stream of news to pick the correct stocks.

The weekly competition

The weekly competition takes place every week with cash prizes of $500; it starts every Monday and ends on the following Friday.

Novice investors will find the weekly game easier and very convenient to train their basic trading skills without the pressure of fast stock picking. You’ll have more time to watch your portfolio and learn from the strategies of other investors.

More experienced investors can use the weekly game as a complementary game for the daily game, since they will have more time to test their short time strategy.

The monthly competition

The monthly game can be played every calendar month from the first trading day till the last day of the month with total cash prizes of $1600.

This competition is good for every investor – for novice to expert. You’ll have more time to test different strategies, read the financial news and learn from other investors.

The Quarterly competition

The quarterly game is the most prestigious competition with cash prizes of $12,500. It occurs every calendar quarter (January 1st – March 31, April 1st – June 30, July 1st – September 30, and October 1st – December 31). Joining this competition is equal to participating in about 90 daily games, 12 weekly or 3 monthly games.

Besides the impressive cash prices awarded to the winners, you will gain many benefits from participating in this competition. First, the relatively longer period can be used to closely watch and learn from the strategies of the most talented and experienced investors. You can watch and track every move each player makes almost in real time, thus improve your own skills.

You also have enough time to test a larger number of investing strategies of yourself without any pressure. You can learn how to hook up the financial news and updates shown on the site with the future behavior of these companies and their stocks.

In conclusion, this competition is a MUST for every one who wishes to advance his trading and investing skills.

Choosing the right competition

The variety of games may initially seem confusing, but you don’t have to worry. You’ll earn additional experience and education from each one of the games that you join – whether short or long term.

Finally, remember the following recommendation - reading this educational section is very important; but, the real trading practice is crucial for becoming a better investor. So, click here and choose a game!

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Entry Filed under: Yalicoo Stock Trading Guide