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Marketocracy vs. 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. Read the rest of this entry »