We just rolled out a new feature here on the web site, called Wealth$im (https://www.wealth-lab.com/WealthSim). If you remember the old days of WL.com, we had a feature called "MarketCalls", and Wealth$im is the 21st century version of the old MarketCalls.
Everyone has a $100,000 simulated "account" to place end-of-day trades. You can place Market, Limit, or Stop orders only while the US stock market is closed. All WealthData symbols are supported (S&P500 stocks and major ETFs.) We process the trades each day after market close.
Not in place yet, but in Phase II of this project you'll be able to subscribe to other users' Wealth$im accounts and receive their daily signals.
Place your orders and let's see who will wind up on the Leader Board!
Everyone has a $100,000 simulated "account" to place end-of-day trades. You can place Market, Limit, or Stop orders only while the US stock market is closed. All WealthData symbols are supported (S&P500 stocks and major ETFs.) We process the trades each day after market close.
Not in place yet, but in Phase II of this project you'll be able to subscribe to other users' Wealth$im accounts and receive their daily signals.
Place your orders and let's see who will wind up on the Leader Board!
Rename
What's the difference between this and wealthsignals?
WealthSignals has the ability to upload backtest results and is generally geared toward strategies. Wealth$im is tied directly to your wl.com account instead.
Would help if, when daily portfolio changes are made, authors can know how much is left in their account that can be invested instead of guessing or getting out the calculator.
It's available here in the Dashboard:
Does Wealth$im use 2:1 margin?
No, but it does provide a fixed $5000 "margin" to avoid cases where prices gap just above the designated entry price on 100% of equity trades.
Is the plan to have wealth$im to replace the soon to be retired wealthsignals once the subscriber option has been activated?
That’s an idea we’ve been tossing around!
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