Track, Analyze, and Evaluate Your Trading Activity With Marketocracy
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Since about 1998, I’ve been using Marketocracy to keep track of stock recommendations, tips, etc. They start you off with $1 million in bogus cash with which to shop around (which equals a Net Asset Value [NAV] of $10.00). So, if you read the SmartMoney Mag article about the Where To Invest In 2007, you can pick and choose stocks you would have purchased if you had the money. I managed to get my NAV up to about $22.00 with a portfolio that included 50% solid, bonafide stocks, and the rest with speculative stocks. After abandoning my portfolio for a couple of years, I had to rebuild my account back from just under a $2.00 NAV. Ouch. I’m at about $14.53 now.
Stocks are categorized in a variety of formats including industry, percentage held, and by how they are being traded by other Marketocracy managers. There are also helpful forums to discuss your stock picks or queries. There are over 60,000 users to date and counting.
Membership Benefits include
- Real trading environment (enter trades & watch them fill via our data feeds - the same ones used by the brokerages).
- Timely reports on your portfolio’s performance to help you evaluate & improve. You will also have the chance to upgrade to Premium Tools and take advantage of the tools of investment professionals.
- Full history of your trades.
- Proper calculation of your returns over time to gauge your ability.
- Industry portfolio management rules - the same ones that professional fund managers must follow.
And if you are interested in Premium Membership, you can get additional perks like real-time service and research for as little as $12.50 per month..and they give you 30 days for free to try it out.
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January 9th, 2007 at 10:19 pm
Marketocracy is great. I use it too. But they don’t have OTCBB stocks. I use Stockalicious for my OTCBB portfolio since they allow addition of OTCBB stocks to the portfolio.
January 9th, 2007 at 11:00 pm
Great suggestion, Roy. I’ll have to check that out. You’re right about Marketocracy. I think they do that primarily because the purpose of the site is to discover potential fund managers. And I know they don’t want them using OTCBB stocks.
April 4th, 2007 at 11:13 am
I love Marketocracy. I have had a simulated portfolio with them for a little over a year now. The statistics are very detailed and I enjoy seeing where I rank against other site users.