Monday, April 5, 2010

The 2K to 10K Challenge

This is the 1st TraderSpectacle Challenge meant to spur wealth creation via trading. The rules are simple:
1) The amount of money in each person account will start @ $2,000.

2) The goal is to turn it into $10,000.

3) Each trade (buy/sell) will cost each person/group $8.95 (per stock per trade)

4) Stocks and securites that trade like stocks can only be used. An example of this would be an ETF. Bonds and Mutuial Funds are not an example of this.

5) Buy Sheet should look like this:
6) Sell Sheet should look like this:

My first post will be posted shortly. Good luck to everyone who attempts the challenge!

1 comment:

  1. This sounds like a fun little exercise. I will be following :P

    U know that story where the old man traded a paper clip for new things and eventually traded his last item for a house?