The r/StockMarket Weekly Stock Picking Challenge for the Week of (12/5 - 12/9) is now OPEN for picks! *RATIONALE REQUIRED!*

Welcome to the r/StockMarket Weekly Stock Picking Challenge for the Week of (12/5 - 12/9)

PLEASE READ THESE RULES THOROUGHLY BEFORE POSTING UP YOUR STOCK PICKS!

If you want to be eligible to participate in this week's challenge here is what you need to do (REQUIRED!):

• 1.) Post 2 tickers (ex. AAPL = Apple) but YOU MUST pick 2 not just 1 or else I will not add you to our list of contestants!
• 2.) Choose either Long or Short for each ticker (Obviously LONG - if you think it will go up ... or SHORT - if you think it will go down this week...)
• 3.) Both of your picks MUST each be at least $2 at the very minimum! If you pick something that is under $2 then you pick will not count, and you will not be entered into this week's challenge!

Contest Rules (READ THESE AND FOLLOW THEM!):

• 1.) No OTC or Foreign companies.
• 2.) No Options, Futures, Forex, stuff like that... Equities ONLY that trade on the U.S. Stock Exchange!
• 3.) If you don't post both the ticker AND the direction (LONG/SHORT) you won't be added to the list of contestants for this week's stock picking challenge!
• 4.) You cannot duplicate someone's exact play! For example- If someone picks AAPL - Long and BAC - Long first then you can only pick AAPL - Short and BAC - Long or AAPL - Long and BAC - Short <-- you may only duplicate 1 pick but not BOTH! This is a first come, first serve basis here.
• 5.) Picks absolutely MUST be posted in here before the 9:30AM eastern cash market open on Monday morning!
• 6.) You are only allowed 1 leveraged ETF. If you choose two, the second of the two does not count and is still up for grabs. If incorrect picks go un-noticed, you risk your position being forfeited! (These are the 2x/3x ETF's)
• 7.) RATIONALE - You MUST post up a rationale (either technical or fundamental) for both of your picks or you will NOT be entered into this week's challenge!
• 8.) Please DO NOT EDIT your picks!! If you absolutely must choose another pick, please use a separate post and state that you are changing your original pick to something else!

I will post up the live challenge spreadsheet a little after the market closes on Monday with everyone's picks posted, this will include your opening prices, current prices, P&L, & Total ROI for each of your picks, as well as an overall total ROI and an overall average ROI between 2 of your picks, and that will be what we will use to total up both of your 2 picks!

In addition, since we're doing this challenge on Reddit, no one will be able to close out their picks during the trading week... Everyone's picks will close at Friday's close! And also everyone's picks will start at Monday's opening prices.

Good luck to everyone in here! Let's see who can deliver the 2 best picks for this week and take bragging rights as the best stock picker of the week here at r/StockMarket! :P

If you have any questions about anything feel free to fire away on this thread...

Hope to see a pretty nice show of participation in here this week from everyone at r/StockMarket! :)

Again please try to get those 2 picks in before the 9:30am eastern cash market open on Monday! Ready, set, GO!!!

I know it has been a few months since I last ran this challenge here at r/StockMarket, but seeing as I have some free time during these next couple of weeks with the big holidays upcoming I figured to attempt to restart these up again for this week at the very least!

Have fun all and GLTA this upcoming trading week ahead! :)

EDIT: Oh and here are this week's upcoming earnings releases for those who are thinking of playing earnings for this week's challenge -> CLICK HERE FOR THIS WEEK'S MOST ANTICIPATED EARNINGS RELEASES!

Submitted December 04, 2016 at 11:56AM by bigbear0083 http://ift.tt/2fWBhgL