Marketocracy vs. Wall Street Survivor
Filed Under Wall Street Survivor |
In the world of virtual hedge fund management Marketocracy has for a long time been the leader by a large margin, but then comes along the new kid on the block Wall Street Survivor. Both have a lot of similarities; for example, both use fairly basic stock market tracking software to follow your free online portfolio. Both are "free" services, although Marketocracy has a paid area, while Wall Street Survivor is entirely free.
My biggest qualm with Marketocracy is that you have to manage seperate longs and shorts accounts, so it doesn't really track your "portfolio" per se. Wall Street Survivor does let you manage joint longs / short accounts, although it doesn't really work like a real portfolio either. You can hold a total value in longs and shorts, whereas really, if you add to your short positions you should be able to invest more in longs.
The BIG advantage Wall Street Survivor has over Marketocracy is the thing that investors care about most, money. The prizes offered by Wall Street Survivor are really a huge incentive to play even if they are not THAT much ($5,000 is more to some then it is to others). Right now there are only about 10,000 people playing, so that's not bad odds when you consider the total prize pool is $50,000. The site is run by the Motley Fool team so you can expect it to grow, quickly, hopefully the prizes will grow along with it.
Personally since Wall Street Survivor is essentially paying me to play, and lets me have a joint long/short account that's where I'll be until something better comes along. I like using it along with my stock market trading software to follow along and see how well I'm doing compared to others. It's a great incentive for youth who are interested in investing to honing their skills, so if your kid interested in the stock market sign them up today.
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5 Responses to “Marketocracy vs. Wall Street Survivor”
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My account is down below my starting position now… so I guess it’s the time to hop in as I’m still better off than 50% of people lol.
Sounds like some good educational fun…I might have to give it a go when I get a chance..
Sounds interesting i might have to give it a try.
Hi there, great post!
You might want check us out! While we don’t pay you to trade, you don’t need to pay either.
We have the world’s first (and probably only) tradable virtual hedge fund simulator. Yup, you get your own ticker symbol and you can try to woo other fellow members to invest in your “hedge fund”. Investors hand you their assets for you to manage and deploy, and they ride on your coat tails for good and bad times! You can also set your terms for Lockup Periods and Incentive Fees, etc.
Here are some other cool things:
- Long / short stocks, mutual funds, ETFs
- Options (covered or naked buy / writes)
- Exercise / Assignments of Options
- Basic FOREX
- Private / public portfolios
- Market / Limit / Stop Loss orders
- King-of-the-Hill rankings
- Per-user blogs
- Everything is FREE, and will stay that way
Oh, and we are the first to offer Market Impact simulation. Which limits the tradable “float” based on our proprietary algorithms.
We believe we are the most comprehesive FREE, non-brokerage simulator out there today!
This is a lot of good information that I didn’t know about till now. Kind of excited and want to get over there and get started right away.
I have always been too nervous to invest on my own before, but this sounds like it is right up my alley and something I can handle. If nothing else I think I will be able to learn a lot and get over the nervousness that overcomes me when I think about trading.
Even the one Primate mentioned sounds neat.