It started off as a personal challenge. Two traders were to choose a group of stocks that will create a watchlist in which he could only trade for a specified time-frame. It is supposed to help these two traders focus and be as objective as possible when it comes to trading. The main concept behind this project is to prove that money can be made with ANY stock at ANY time using technical analysis and trading strategies if they are supposedly real.
Additionally, we will try to be as conclusive and extensive on our thoughts that goes through in the process of trading. Our comments for each other will serve as a learning experience for ourselves as well as the readers of this website.
The Rules:
1. Trader may trade any stock, long or short, for any period of time.
2. Trader may only trade stocks that are in their own watchlist.
3. Stocks must be above $5 in price and below $1000 per share.
4. Every transaction, successful or failed, must be accounted for and posted on this website. This includes the incorporation of transaction fees into the trade result.
5. The “score” in this duel will be the net profit in dollar terms. The trader with the highest wins. The prize is nothing, but will be rewarded with a potentially unlimited amount in profits from trading.