Virtual Trading Game to Start 01 August
Author: Cone
Creation Date: 7/21/2009 5:09 AM
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Cone

#1
Some of you may have noticed that Virtual Trading was inadvertently enabled last week. We're still putting the finishing touches on it and plan to reset all VT accounts on 1 August when we'll officially start the VT game on this site.

Feel free to check it out and comment on it here. Notice that we've implemented rolling metrics, so once you start trading, we should never need to reset, but at the same time, we'll be able to show the top players' monthly, quarterly, and yearly results on a rolling basis.
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Cone

#2
For anyone trying out VT these last few days, all accounts have been reset. Let the games begin!
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swuzy

#3
It starts with $100 K cash. Is it a cash account or a margin account?

If cash, then if one buys and then sells same stock within 3 days several times, is there a "lock out" so that thereafter there a 3 day wait so that on the 4th day one can then safely make purchases with sales proceeds from earlier sale?

That is, is the system set up so that we will be restrained to playing by real world rules in this regard?
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Cone

#4
There is no change in VT in this regard. You're working with cash only and proceeds are available the next trading day always. It's rudimentary, but serves the purpose for which it is intended, and, everybody is using the same rules.

If you want, you can think of it as a $25,000 4:1 margin day trading account for which you can only place EOD trades, or, a $50,000 2:1 margin. Your choice.