Why do you need my personal information?
We know you take your personal information seriously, and so do we.
The reason we need your personal information is because we’re giving away a lot of money which can lead some people to cheat. By obtaining a certain amount of information, we have a better chance of verifying that you are, well…really you.
We’re not spammers and we don’t make money by selling your information to 3rd parties. In fact, our database contains our personal information too, so whatever we do to you we’re doing to ourselves.
How can you afford to give away cash prizes without charging contestants any money?
Do I have to re-register every time there’s a new contest?
I have more than one account. Is that ok?
Sometimes people create multiple accounts by accident, and we won’t penalize you for that. However, you’re only allowed to trade one account during each contest.
So, if you have two or more accounts, make sure you’re using the same account every time you trade. If you’re actively trading in two or more accounts during a contest, we have to disqualify you…and we really don’t want to do that.
I’m just learning about investing, do I really have a chance to win?
Abso-lutely! On any given month, even a brand new investor can beat a pro. In fact, there’s even been research that suggests a monkey picking stocks can out-perform the pros. We’re not joking, Google it. Fortunately for the pros, monkeys are prohibited from entering our contest.
You literally have nothing to lose! Sign up and join our community. Who knows, you may surprise yourself and end up with a $10,000 check.
Where can I find a list of stocks that are over $5 billion in market cap?
There are lots and lots of stocks that have a market cap over $5 billion, and there are an infinite number of sites that list stocks that meet the contest criteria. But here are a couple of links that will provide a good place to start your research. We are not recommending any of the stocks on these lists.
How is my portfolio performance calculated?
* The solution set was provided by our friends at Competitive Analytics
Why do you use Evenly Weighted Average Return portfolio calculation?
There are several possible ways we could calculate portfolio performance for the contest, and we’ve chosen to take the Evenly Weighted Average Return, for two reasons:
First, the formula provides the most accurate simulation of the real world because it recognizes the importance of time when calculating gains and losses. If you were going to invest your money with a portfolio manager, you’d be far better off investing with someone who gained 5% per day, rather than someone who gained 5% in a month. Similarly it would be far better to lose only 5% for an entire month, rather than lose 5% every day for an entire month.
If we were to take everyone’s returns and simply average them, it would mean that a 5% gain or loss would be weighted the same whether it happened over three days, or three weeks.
That leads us to our second reason for selecting this calculation. We want to reward the best traders in our contest, and the Evenly Weighted Average Return is the best (and most fair) way to do that. The quicker you can accumulate gains, the more your score will improve. By the same token, the more your losses are spread out over time, the less impact they will have on your final score.
Why can’t I login?
There are only 3 possible reasons you can’t login:
- You didn’t verify your email address. When you set up your account, we sent you a verification email. If you didn’t take the extra step to verify your account, our system won’t let you login. This email can sometimes get caught in spam filters (we’re especially talking to you @Hotmail users), so be sure to check your spam folder for our email.
- You’re trying to login with your username and password. That won’t work! You must login with your email address and password.
- You’ve entered the wrong password. There’s a link to reset your password at the bottom of the login box.
I created an account, but I didn’t receive a verification email. What should I do?
Sometimes it can take a few minutes for the verification email to come through, so it might just require a little patience. After about 5 minutes if you still don’t have an email from us, check your spam folder. If it’s not there, then contact us at email@example.com, and we’ll resend the verification email.
There appears to be a problem with the Leaderboard. Why doesn’t my Current Performance match the performance number on the Leaderboard?
The Current Performance reflected at the bottom of your portfolio is updated approximately every 15 minutes throughout the day. The leaderboard however, is only updated at the top of every hour.
So depending on when you check the leaderboard, there may be a discrepancy between what the leaderboard shows as your total score, and the Total Performance number on your dashboard.
For the most accurate standings, check the leaderboard at the top of every hour, or after the market closes.