Our fantasy stock game returned last week, as those who read This is Money regularly and our newsletter will know.
This year we are offering players the chance to win a jackpot prize of £ 15,000 and runner-up winners of £ 5,000 and £ 2,000, but it was the £ 500 weekly prize that turned out to be one of my highlights last time.
That’s because it gave me the chance to hear some great stories from our readers when I got in touch to let the weekly winner know they picked the top performing pick of the week – and ask them about themselves for our weekly game sharing email.
A little prospector proved the pick of the week in our subgame, but it was the player who made the story
There were some good stories – including the family playing against each other and scoring bragging rights in several weeks – and this year’s first weekly winner delivered another one.
In a week that has turned out to be somewhat depressing as the coronavirus restrictions ramp up again and fears of a full lockdown to follow looms, I thought I would share with you guys.
The winning stock selection last week was gold traveler Greatland Gold, who saw its stocks skyrocket on positive news.
So far, so share in the small capitalization of gold companies. But it was the player who chose it who made the story.
The winner of our weekly prize with a profit of 33.66 percent during the week from Greatland Gold picking was the 76-year-old grandmother of three Saratha Devi Sivagnanasundaram.
The retired radiographer told me that she lives in London with her husband and moved to the UK from Sri Lanka in 1974.
She has never bought or sold any stock, but Saratha said she was tempted to play the Fantasy Share Picking Game after her family told her about it.
“When I started playing this game I told my grandson, who is 11 years old, that my goal is to win one of the weekly prizes,” she said.
Saratha, whose hobby is puzzle solving, chose Greatland Gold after reviewing the stock price performance charts to pick ten stocks.
She said, ‘I looked at it and on Friday I was very disappointed that I didn’t sell it when it was high. I had a feeling it would go up again on Monday. So from the beginning I looked at the This is Money day chart for Greatland Gold and when it went up I sold it.
“I just follow the graph and my gut feeling.”
Whether they come from long-standing readers or people new to This is Money, it’s this kind of story that we love to hear from our readers and podcast listeners.
And it’s the kind of thing that makes doing things away from the daily financial news, like the Fantasy Share Picking Game or podcast, pay.
The stock pick game will run until December 4th and there is still plenty of time to sign up and play – either for the prizes or for fun – but this column is not meant to be a shameless plug for the game, so I’m just going away. leave things here with the note if you can sign up to play here or get some tips below to pick stocks and get it right.
Tactics to play the game
Players’ tactics for playing the game differ.
Some choose to use their maximum weekly selection and accumulate a significant number of outstanding shares.
But while this opens up the possibility of bigger profits from more companies, it also increases the risk of holding stocks falling and your overall performance being affected.
Anthony Pepler: The musician won This is Money’s Fantasy Share Picking Game last year
Alternatively, others may decide that a focused and tight, smaller number of shares is a better option.
That means they need big profits to win from a smaller selection of stocks, but have less risk of the stock price turning against them.
Last year, the game allowed an unlimited number of stock picks, but only 20 live picks at a time.
This allowed some players to use a tactic to trade in large volumes and get a lot of small winnings.
That was used to great effect by the game’s winner, 25-year-old musician Anthony Pepler, who played as Big Trade Bull.
To make the game different this year, we’ve changed the rules: the limit of 20 live picks has been dropped, but players can make up to 10 picks per week in the prize competition – and they can’t buy the same company twice in the same competition. day.
This means that the high volume trading strategy doesn’t work the same way, so you have to decide what will.
One thing to keep an eye out for is the early morning official stock market announcements Regulatory News Service.
These statements are released before the market opens and companies that have done better than expected are likely to see their shares open – while those that disappoint will fall.
Often that momentum continues throughout the day, so these stocks can be worth buying.
Also, watch for momentum over time – stocks are making higher peaks and troughs, rising above their 200 or 50 day moving average and seeing consistent gains with greater trading volume.
Make sure to read our Midas Share tips column on Sundays. Stocks tipped here often go up on Monday – and keep an eye out for tips from rival publications, too.
How to look for stocks
This is Money has a wealth of information that will put you on your way to becoming a winner.
Our daily business and market news includes stories about the events that can affect stock prices.
The in-depth analysis in our two investment channels looks beyond stock prices and the daily news. We provide investing tips and report on fund managers who study companies for a living to decide if they are the ones backing for their investors.
Follow our special Fantasy Share Picking Game Twitter feed too, where we provide information about companies on the move, the latest business stories and what’s going on in the game.
If you like our Market data channel you will find a wide variety of facts and figures to help you assess whether a stock price is properly supported by the company’s fundamentals.
One thing to keep an eye out for is the daily highest risers and falls in the stock market, we have a table of them in the Market Data section of This is Money.
We recommend that you bookmark these pages:
You can also find more information about stocks and companies on the move on the website of game sponsor Fidelity International at their Shares Insights Hub and our game partner The Stockomendation website.
Some of the links in this article may be affiliate links. If you click on it, we can earn a small commission. That helps us fund This Is Money and use it for free. We do not write articles to promote products. We do not allow commercial relationships to affect our editorial independence.