Dear Friends,
I am proposing a concept of demonstrating trading and investment portfolio here on this forum. This is in continuation of the flow in my other theard 'A bird's eye view....". I would like your views and if some of you trading since quite a few years now would like to participate in this.
This concept is not new and there are online medias and contest conducted overseas but I have not heard or seen any such in India. I am talking about trading on virtual money and uploading the virtual trading and investment portfolio here on this forum. We can set rules, have standard format, performance parameters and evaluation parameters. We can start off with a few of us participating in this game which will start on a particular day with a given amount. This contest will have end time too viz 6 months or a year or whatever period we all can decide.
Since time to be spent here will he a constraint to a lot of us we can make this trading - investment game on the basis of end of the week prices and make all our buy - sell on Friday's closing prices. This will mean that we will have to exclude intraday trades as well as overnight trades. We can also try and do it on daily closing basis too if most of you think so (but I would restrict myself here since I am not spending time daily on the Indian markets).
For the above thing to kick off, we will need volenteers who can devise excel formats for trade entry, exit and report generation etc. We will also need someone to monitor the validity of the trades / prices. This will be real life scenarios and while we take the trades, we can give a gist /reason (in the remarkes section in the format) for undertaking the trade, target price or period of holding for exit. This will help other game participants, non participating members and newbies too.
I know to start this wont be easy as we will need someone (who is a good techie and understand all market instruments) to take down the requirements from me / or some of us who are going to participate in this game.
I request your constructive feedback on this subject.
Regards,