Welcome to the r/StockMarket Weekly Stock Picking Challenge for the Week of (1/2-1/6)
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!
Challenge Rules (PLEASE READ THESE AND FOLLOW THEM!):
- 1.) No OTC, ADRs, 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 Tuesday 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!
- 9.) You may choose to close out one or both of your picks at any time during the trading week. PLEASE POST YOUR OWN CLOSING PRICE(S)! We will be using the intraday 1 minute closing price using the time stamp of your post here on r/StockMarket for when you closed out your pick. You need to state which pick(s) you are closing out as well as the price when you closed it out. I will be confirming that your closing price is indeed correct by looking up the 1 min intraday chart. If it is not correct, I will then post up and input the correct price into the live spreadsheet.
I will post up the live challenge spreadsheet a little after the market closes on Tuesday with everyone's posted picks, this will include your opening prices, current prices, P&L, & 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!
Everyone's picks will start at Tuesday'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 on this very first trading week of 2017 at r/StockMarket! :)
Again please try to get those 2 picks in before the 9:30am eastern cash market open on Tuesday! Ready, set, GO!!!
Have fun all and GLTA in this upcoming trading week ahead! :)
Happy New Year everyone!
Submitted January 02, 2017 at 12:40PM by bigbear0083 http://ift.tt/2i2WhzJ
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