Well done to Kevin Gilroy on winning the school’s first online stock competition. The competition ended on New Year’s Eve.
Kevin made a total profit of $344,467.65 – an excellent return considering 2008 was the third worst year in the history of the New York stock market. Not as bad as 1931 though:
Source: Chart of the Day
The competition only allowed you to trade in US shares. 85 students took part in the competition and over half beat the stock market i.e. their percentage return was better than the fall in the stock market. So there are some very good traders in St. Gerald’s.
Here are the Top 3 traders:
| Ranking | Username | Net Worth | Total Return |
|---|---|---|---|
| 1 | Kevin Gilroy | $1,344,467.65 | +34.45% |
| 2 | Benedikt Daschner | $1,180,651.05 | +18.07% |
| 3 | Thomas | $1,070,545.50 | +7.05% |
There will be another competition starting soon with some prizes. Details will be posted on the blog.
Post your comments if you have any suggestions on how to improve the next competition.
Hey, I just came upon an article in a poker magazine about a FOREX Trading site, E-toro. It’s features are similar to online poker as it includes live chat boxes and tournaments etc. You can watch a demonstration video at
http://www.eyeviewdigital.com/Clients/eToro/prod1.html
You can play with a play money account. I have yet to try it but it looks pretty cool and was highly rated on internet forums. Check it out.
http://www.etoro.com
its kevin gilroy…