Welcome to the "Equinox to Solstice Challenge".
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Post Number: 75
|Sunday, May 16, 2010 - 06:23 pm:||
As the name suggests this Challenge will begin on March 22nd and run till June 22nd.At which time a acknowledgment will be made towards the top 3 achievers and also to last place.
The original Weekly Comp was aimed at the layman with $5000 drawn off his mortgage or visa card ,,a standard trading account and a day job,,,probably had a wife and kids also.
Based on the previous Weekly Comp this stock tipping Challenge will use Mondays open price for an entry and Fridays close as an exit.
An intra week Stop may be nominated after market close on any day Monday to Thursday and the closing price of that position will be the next days open price that being the nearest exit price.Thus closing your position till the start of the new week where you may enter a new entry.
Only long positions maybe be nominated at a price no lower than 5c.No warrants or such devices simply stock tickers.
Nominations must be accompanied with a chart and clearly show the TA used with a short explanation of that TA.May i suggest that IC's software be used for your chart postings.
"Long Continuous" positions maybe be announced prior to 4pm on Friday to maintain your nomination for the forth coming week.
Anyone that has not used their "Stop" or the "Long Continuous" facility will have Fridays close as their exit.
An entrant that has his nomination go into Trading Halt will also have their position halted untill the stock resumes trading.
Each entrant will be awarded a starting capital of $5000 (cyber dollars) profits will compound forward and anyone reaching a capital of $10,000 maybe split their (cyber) capital into 2 positions of $5000 each or continue with no money management and use the $10,000 on a single entry.
Short term weekly awards such as 1st,2nd,3rd and last place will be acknowledge and recorded as i have done previously along with the % of profit or loss.
Any new entrant to the challenge can feel free to ask for help regarding posting as many here are familiar with the above conditions and methods used.
Please place your tips and chart here in this thread.
ON BEHALF OF RAGS