Expert Stock Picks
Many Newbie Survivors understand about stocks and the stock market but don’t have any idea of how to find stocks to trade.
As one Survivor, brainiac, wrote on her Blog:
I signed up for the “fantasy stock market” and perused the pages of Google finance. And I have no idea what to do with all of that information! There’s a big search window to “get quotes,” but what am I getting quotes for? I understand the idea of buying and selling shares, but that represents the entire body of my knowledge on the subject. How do I figure out what companies I want quotes for?
So, we have Starter Stock portfolios for anyone who signs up (TIP: they are also available if you reset your portfolio).
OK, then you’ve got about 10 stocks picked by someone. But then what to do?
That’s when we came up with the idea of Expert Portfolio picks! We are going to replace the “Balanced” “Conservative” and “Agressive” starter Portfolios with Portfolios created by some real stock picking experts. One of them we hope will be Peter Navarro, who is an Economics Professor at UC-Irvine and is Harvard educated.
And those experts will then update their picks every week, so that you can get some guidance, some new stock trading ideas and start to understand why these picks are getting made.
Expect this to be on the site in about 2-4 weeks.
New Contest and Prizing Format!
The new contest starts Tuesday, September 4th, right after Labor Day. We are moving to a perpetual contest format where your portfolios NEVER get erased. Prizes are awarded based upon percentage gains rather than absolute dollar gains.
So, after the current contest ends on Friday, August 29th, your contest portfolio will not not change or be reset. You will be able to continue to trade through the Labor day weekend and your trades will get filled at Market open on Sept 2nd.
The new prizing structure features Monthly, Weekly, Daily prizes and a brand NEW Loyalty Points prize! Every Week and Month, a new contest will start and you will be able to see how you stack up in each category on the Leader board.
Every month we will give away over $20,000 in cash and prizes to more than 200 Survivors! Here is the breakdown:
Monthly Trader Prizes
(more than 15 Trades/month):
| 1st Place | $ 6,000 (Trip to Mexico for 2 or $1,500 Cash) |
| 2nd Place | $ 750 |
| 3rd Place | $ 500 |
| 4th Place | $ 300 |
| 5th Place | $ 100 |
| 6th Place | $ 75 |
| 7th Place | $ 50 |
| 8th Place | $ 40 |
| 9th Place | $ 30 |
| 10th Place | $ 25 |
| 11th-50th Place | $ 15 |
Monthly Investor Prizes
(15 trades or less/month):
| 1st Place | $ 1,500 |
| 2nd Place | $ 750 |
| 3rd Place | $ 500 |
| 4th Place | $ 300 |
| 5th Place | $ 100 |
| 6th Place | $ 75 |
| 7th Place | $ 50 |
| 8th Place | $ 40 |
| 9th Place | $ 30 |
| 10th Place | $ 25 |
| 11th-50th Place | $ 15 |
We are keeping the Investor/Trader distinction. The new limit will be 15 trades per month. If you make more than 15, you are a Trader.
Weekly Prizes
(overall):
| 1st Place | $ 500 |
| 2nd Place | $ 300 |
| 3rd Place | $ 200 |
| 4th Place | $ 100 |
| 5th Place | $ 75 |
| 6th Place | $ 50 |
| 7th Place | $ 40 |
| 8th Place | $ 30 |
| 9th Place | $ 20 |
| 10th Place | $ 15 |
Daily Random Prize
Given to anyone who places a Trade that day: $50
New Loyalty Points Prize!
New for this contest, we will give $1,500 every month to the Survivor who earns the most Loyalty Points that month (not the Survivor with the most Loylaty Points overall).
Are we in a Sucker’s Rally?
This interesting video suggests that the current mini-rally that started on Friday with a 300-point rise in the Dow is just a small rally inside of a much larger Bear market down trend. Can you say “Sucker’s Rally”?
What do you think?
Thank you wallstreet survivor. Now I can actually use those weekly prizes towards paying for my tuition fees lol 
