Posts filed under 'Yalicoo Stock Trading Guide'
Let’s face it, we all enjoy having money. However, most of us would prefer not having to work a nine-to-five job in order to accumulate a pile of greenbacks. Stock markets all over the world offer financial opportunities beyond our wildest dreams. Buy a few good stocks, sit back, hit the jackpot and the money will come rolling in. While it is true that some people who “play the market” have made millions, the real truth is that the great majority of “players” have lost their shirts.
Look to the Internet
For those who envision a rewarding future but have little or no experience in the stock market, the World Wide Web is the place to be. The Internet offers a variety of virtual stock market programs for self-instruction on financial markets and financial instruments and provides the trading experience necessary before moving on to the real thing.
Virtual Trading
Online financial stock games are a great way to learn the realities of a capitalist world without suffering through bankruptcy, insolvency, mortgage foreclosures and other Internet stock market games such real world hardships. There are several available Internet stock market games and stock market competitions. Virtual stock markets allow you to practice buying and selling real stocks using imaginary money for the purpose of gaining experience with stock trading. This is also known as paper trading or fantasy trading. Online stock simulation trading games provide the tools whereby “traders” can build and manage their own portfolio and compete in games against friends, classmates, colleagues or other players risk free. Online investment and trading workshops, seminars, conferences and live events abound, and they are all easily accessible. Many of them are even free! There are also virtual sites offering educational and challenging stock simulation specifically for high schools and college students, preparing them way in advance for the real world ahead.
Many virtual markets include stocks traded on NYSE, NASDAQ and AMEX and allow trading at any time, even when the real markets are closed. They also permit the purchase of unlimited shares of any stock at the Last Price, an action not allowed in real life where shares are limited and certain prices are not guaranteed.
Stock market competitions provide traders the opportunity to speculate on a variety of different financial instruments including stock, options, spreads, straddles, covered calls and even the future of popular blogs!
So put down the Wall Street Journal, warm up your PC and start trading!
August 3rd, 2008
Currently, Yalicoo’s competitions enable you to trade the 750+ largest market capitalization companies traded in the NASDAQ.
Click here to download the complete list
June 26th, 2008
Trading stocks in Yalicoo is very simple; just follow these steps:
Step One: Choose the stock you want to trade.
Currently, you can choose among the 750 largest companies traded at the NASDAQ exchange. You can review the complete list of stocks and evaluate the stock you wish to trade.
You may wish to review the “Investing strategies” section in order to understand which stocks fit your investing strategy and trading characteristic.
Step Two: Click on the Trading button.
Each stock is accompanied by a button leading to the actual trading of the stock. Click on this button and the trading window will open.
Step Three: Determine the order type.
Choose a buy or sell order, and the pricing type – limit or market.
A limit is an order to buy or sell a security at a specific price or better. In case of buy order, this would be the upper threshold on the execution price, and in case of sell order it will be the lower limit to execute the sell.
If you choose a limited price please specify the limit price in the limit box. Also, select the time duration for the execution of the order.
- Good till cancel – in this case the system will keep trying to execute the order until it is executed or until you cancel it.
- Daily - if not executed during the day it has submitted, your order will be canceled at the end of the trading day.
- A “market” is an order to buy or sell a stock at the best price currently available.
Step Four: Decide the amount of shares you want to trade.
Determine the number of shares or the amount of money that you want to buy or sell (the system will automatically calculate the other parameter).
Keep in mind that the maximal holding of one stock cannot exceed 10% of your current portfolio value.
Click on the “Place Order” button to place your order.
Continue to manage your portfolio
Trading stocks in Yalicoo is very easy; in addition, your orders will be executed using real time quotes. Continue to manage your portfolio, buy or sell as frequently as you like.
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!
June 26th, 2008
Starting to take part in Yalicoo is very simple; just follow the following steps:
Step one: Choose a competition.
Choose the competition that you wish to join. You may choose among Daily, Weekly, Monthly or Quarterly competitions. Keep in mind that you can join more than one contest at a time, so don’t hesitate to join additional games later on and gain various levels of experience.
If you need help choosing the competition that fits your investment characteristics and goals, please check “Which competition to choose”.
Step two: Join the competition.
Read the competition’s details, rules and explanations, and join the competition.
Step three: Register.
If you are already a member in Yalicoo - log in using your e-mail address and password.
Not registered yet? Sign up and fill a simple registration form. A confirmation letter will then be sent to your e-mail address including your initial password (do not worry, you can change it later).
Activate your account in Yalicoo using the activation link in the confirmation letter, and you are in.
Start to play the game
You can now start trading stocks and building your portfolio. You can use the “How to trade stocks” if you need any help.
Do not forget that you can join other games as well and acquire more experience while improving your trading skills significantly.
June 26th, 2008
Yalicoo is a unique educational online stock trading simulation which enables the user to perform stock trading using real time quotes, learn and gain actual experience in trading, and win cash prizes for creating winning virtual portfolios. All this without taking any of the risks involved with real money investments.
Since many investors are playing the games, you can watch the performance of their portfolios and learn from their strategies and mistakes. Thus, in Yalicoo you can have fun and win cash prizes while improving your stock trading skills.
How does Yalicoo work?
After joining one of the competitions, you’ll receive an initial amount of virtual $100,000 in cash to your account. Now you can start building the stock portfolio of your dreams. You are the manager of your portfolio and you can trade stocks - buy or sell, at any moment (during the trading hours) using real time trading price.
Real time stock trading means that the execution of the buy or sell orders that you submit will be executed in the real price currently quoted in the real market (i.e. the real time quotes from the exchanges). In simple words, your tradings are executed the same way it will be done in real brokerage software with real money.
During the competition period your portfolio total value will vary according to your tradings and holding; it will rise if your stocks price goes up, and it can fall if the value of the stocks drops. Your goal is to gain as much profit as you can by choosing the right stocks and holding them for the optimal period of time. In other words, the way you’ll manage your portfolio will determine your final ranking among all players in the competition.
The winners are the top 3 players with the most profitable portfolio at the end of the game. Each one of the winners receives cash prizes which may reach thousand of dollars.
In addition, all players listed on the highest 10% percentile of participants at the end of the game, win a free additional game.
The competitions
You can choose to join each one of the following games (you may join more then one at a time):
Daily Competition – conducted every trading day of the week (Monday - Friday) from the time the exchange opens until closing time, offering cash prizes of $375.
Weekly Competition – conducted every week (Monday to Friday) with cash prizes of $500.
Monthly Competition – conducted every calendar month (1st trading day to last trading day) with cash prizes of $1600.
Quarterly Competition – This is our most prestigious competition which takes place every calendar quarter with cash prizes of $12,500.
How to start
This is actually very simple. Just register to Yalicoo, choose a game to join and start building your stock portfolio; do it well and you’ll win the prizes.
Here you can find more detailed explanation on how to start.
June 26th, 2008
