Saturday, October 17, 2009

More Paper Trading Sites

Still trying another site, still looking for a place to paper trade.

www.ptrades.com - just signed up for this one and they trade futures, it's also a fantasy futures exchange, not sure what that means, maybe that the prices are not the same as the real world.

https://www.wallstreetsurvivor.com/ I remember signing up for this site before, but I can't remember if it was any good or not?

found my old password, and my account has
"Cash Balance $101,151.12" - this is an odd amount, maybe I put on a trade when I opened it and it made 1100 bucks?
too bad that has never happened in a real live account.
I have over 100k, but I am capped at buying 225 shares of SPY.

Rules
Stocks Contest Trading Rules:
You can invest up to 25% of your Portfolio Value in a single stock.
You can trade up to half of the actual volume traded today.
Trades are filled at real-time bid-ask prices, although, due to exchange rules, only delayed data can be shown in the basic game. Upgrade to Realtime Bid / Ask Pricing to see data updated as it happens.
Not Permitted:
Short sells for stocks less than $3.00
Buying stocks on margin (loan) priced less than $3.00


http://fpstockchallenge.com - this account also has an odd balance,

CASH BALANCE $101,193.06 -
You can purchase up to 217 shares of SPY

looks like they have similar rules about only buy limited shares also.


http://www.howthemarketworks.com/ - this is the one I think lets you set your commissions, and it give you delayed quotes, so you can enter limit orders based on real time and they will hit 15 minutes later.
They only keep 30 days of data on your trades.
no 200 share per trade restriction, can trade entire account.


http://www.updown.com/ - just signed up for this one, they give you a million to start so better chance of being able to realisticly trade.
You can only buy up to 20% of your portfolio value for any stock (1830 max shares for SPY)
that's probably enough to make it work.

This one is a little goofy because it asks you for the stock symbol then the dollar amount you want to trade, then does some strange conversion to shares then places the order, not sure if it's end of day price or not?

Found another screen that give you the ability to enter limit orders.

commissions are fixed at $10 per 1000 shares.

I guess you just have to stay away from penny stocks.

just found this on order price...

"The last price shown is delayed 15 minutes but orders are processed according to a real-time price. Consider using limit orders to avoid price surprise."

so live prices, that's nice.

has a place to enter a portfolio and track it. This site looks like it might work also, would be nice to know how long they keep track of your trades.

Paper Trading the Stock Market, and Stock Market simulators.

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