Last month for this sharemarket game is February 2018
Welcome to the new ASX Sharemarket Game!
This ASX Sharemarket Game carries a $500 monthly prize for the member who increases the value of their portfolio the most within the rules.
The comp will be reset at the end of each month and all portfolios/cash will be reset.
- The member with the most gains (*) during the month wins.
- Stocks under 20c are not allowed, and volume rules are in place to stop trading in illiquid stocks.
- Trading is only available on ASX stocks over 20c. Buys or sells placed after 10am will take the next close price, and buys and sells placed after 4.30pm will take the next open price.
- Every member starts with AU$ 50,000 cash
- There is a 30$ transaction fee on each Purchase/Sell
- Stock prices are 20 minutes delayed
- Splits and consolidations ARE NOT supported by the system, and trades on them to benefit the member will be purged at end of month checking.
- Winner will be announced after a judging period of two weeks
- The game will run monthly (portfolios/cash reset first day of the month)