New Stock Screener
We have a new Stock Screener which we think will be much more helpful to Survivors looking for stocks to buy or short.
This new Stock Screener from Zacks has many, many options by which to screen for companies in the 10,000+ stock universe.
Changes to the Forums
EDIT FORUM TITLE
Changed Health & Bio-tech to: Medical, Health, Pharmaceutical
Changed Energy, Oil, Gas to: Commodities – Oil, Metals, Materials
FORUM ADDED
ETFs – Exchange Traded Funds that trade like stocks
FORUMS ELIMINATED:
U.S. Housing Market – weak activity
Investing and trading/Read these books – weak activity
Tech Talk – weak activity
WSS weekend games – no longer needed
Wall Street Survivor Mobile Has Arrived
Feel like your portfolio is being neglected because you aren’t near a computer during market hours? Heard a great stock tip but didn’t take advantage of it? Ever want to make a trade while stock in traffic?
We at Wall Street Survivor are excited to inform you that we have released a mobile version of WSS! You will be able to trade all the same equities and securities that you can on the web from any mobile phone with an Internet connection. You will have access to all of your portfolios including your 100k contest, permanent and options portfolio. This service will come at no extra charge to you, aside from your existing data package.
In addition to making trades, on WSS Mobile you will be able to check your account balances (long and short), open positions and order history. You can also get updated quote details on your favorite equities including updated price, volume, change and day range. Finally, you will be able to view a market summary giving you details on the NASDAQ, S&P 500 and the NYSE.
We are pleased to announce these features and hope that you will take advantage of them. If you have any questions or comments you can leave them below or you chat with us on twitter at twitter.com/wallstsurvivor!
Survivor Spy
Would you like to know when your favorite Survivor Makes a Trade?
Imagine getting an email alerting you a top Survivor has just bought Sold, or Shorted some stock. That’s the premise behind a new premium service called “Survivor Spy”.
For a nominal monthly fee (about $19.95), you will be able to get instant emails delivered to your inbox as soon as one of your favorite Survivors makes a trade.
Look for this to arrive later this summer.
Level II Options
With the successful launch of level I options, Wall Street Survivor is proud to announce that level II options trading is on its way. Level II options are a more advanced type of option play that allows traders to add hedges to their investments and diversification to their portfolio. Currently, Wall Street Survivor allows traders to simply buy and sell call options and puts. However, with level II options, traders will be able to take their skills to the next level.
Level II options at Wall Street Survivor will permit traders to write covered and naked calls and puts in additions to buying and selling them. This basically means you will be able to write your own calls and puts backed by underlying stocks that you have in your portfolio, or on margin. This will greatly enhance the types of plays you can make with options and we encourage you to try them all out at Wall Street Survivor before testing them out there in the real world. We will have options articles, tips and lessons for you at Survivor U, so be sure to do your homework first!
We are extremely excited about getting level II options up and running and are anxious for you to try them out and to hear how your experiences are. Feel free to use this post to discuss anything level II option related with us, including lessons you would like us to publish. We will do our best to get back to all of you.
Manage your Tax Refund this Year
If you have received or will receive a tax refund from the IRS this year, what should you spend it on?Paying down debt, a vacation or invest it in the stock market?
Before investing, it is a good idea to make sure that you have an emergency fund and that you have paid down debt. And before you focus too much on investing or reducing debt, be sure to concentrate on building your cash security fund first, so that you can endure any rough events that occur in your life.
In our current economic crisis, most financial planners now recommend that individuals keep at least 6 months of their current income in cash (just a year ago the consensus was only 3 months of income in cash). If your cash fund is adequate, then, pay off any credit card debt first that you may have accrued over the years. It’s important to realize that this debt usually carries an interest rate (18 percent or more!) that is higher than what most investments have the potential of earning before taxes.
How will you spend your tax refund?
Jim Cramer or Jon Stewart: Who’s Right?
Buyer Beware. Most everyone understands that concept. But for some reason, this idea doesn’t always translate to investing in the stock market. We have to ask: who is to blame? Jim Cramer, or ourselves for not being educated enough on the market to make our own decisions.
Jim Cramer was very clear during his interview with Jon Stewart, offering a mea culpa even though for most it was too late. CNBC’s Mad Money is designed to attract the casual trader and it is one of the few financial programs that can be enjoyed by people from all backgrounds. That is why Jon Stewart was right when he emphasized the importance of Cramer taking responsibility for his actions when he, for example, told people not to sell Bear Stearns stock days before the bank failed.
But the public can’t go on a witch hunt for who is to blame for all their financial problems. True, we trust news organizations and “experts” to give us tips and advice on ways to invest our money. Does that mean though that we take everything at face value without doing some due dillegence ourselves? Of course not.
Even though the stock market does not have a warning label on it, it is the everyone’s responsibility to realize that they can’t jump off the Wall Street bridge just because everyone else just did. Take responsibility for what you do with YOUR MONEY. Know the market, learn how it works so you don’t have to look for someone to blame because you made your own choices.
I look forward to hearing your opinion in this matter.
New Weekend “Mystery Stock” Game
We’re about to launch a new game designed to keep Survivors engaged during the long weekend when stock markets are closed.
It’s the “Mystery Stock” game! Every Friday after the market closes, we’ll post in the Forums one or two clues about a “mystery” stock. On Saturday, we’ll post one or two more clues about this stock. On Sunday, we will provide one or two last clues about this mystery stock.
The first person to email the WSS Community Manager (community at wallstreetsurvivor dot com) the correct name of the stock, their survivor name and their T-shirt size, will win a WSS T-shirt. All other correct entries received before Monday at 9:30AM will be entered into a random drawing for 50,000 Loyalty Points, 1 month of free Real-time Quotes and a Bull/Bear puppet.
The first game will start at 4:30PM on Friday, February 6th in the forums, here. Please let us know how you like the “Mystery Stock” game by leaving a comment below.
Changes to the Prize Pool – Loyalty Points Prize Cancelled
Starting February 1st, there are going to be several changes to the Survivor prize pool:
- The number of Monthly Investor and Trader prizes will decrease from 50 to 10. The reason being that the large number of prizes were difficult to fulfill and the $15 prize was not considered valuable enough. Most Survivors never even bothered to claim it.
- The number of Weekly overall prizes will decrease from 10 to 5.
- The Monthly Loyalty Points prize will be eliminated. As noted before, there has been rampant fraud in friend referrals in an effort to win this prize.
- The Daily random prize for placing a trade will decrease from $50 to $25.
- The overall yearly prize pool will decrease from $250,000 to $100,000.
Unfortunately, these changes are due to the economic downturn and the reduced advertising rates we have been able to secure for your participation in the game. Nonetheless, Wall Street Survivor will continue to be a free service so that anyone can learn how to trade stocks and experienced traders can experiment with new trading strategies.
Next Tick Game
We’re rolling out a new game called the “Next Tick” game.
Here’s how it works:
1) Go to: http://www.wallstreetsurvivor.com/Private/Games/NextTick.aspx
2) You’ll see a ticker symbol, its last price (delayed by 15-20 min), and a chart.
3) Guess if this stock will go up or down in the next minute
4) If you’re right, you win 50 Loyalty Points. If you’re wrong, you lose 50 L.P.
There is no limit to the number of times you can play this game during the day! The game is open from 10AM to 4PM every trading day.
Enjoy, and please let us know how you like the game!
