No Pain No Gain – “Shutup n Trade”
After a fantastic response to “Be a Gyani contest” where thousands of people participated from across the country. We’re back with a new contest for all the stock market enthusiasts – “Shutup n Trade”. While most of the rules remain the same, the award theme of the contest is focused on fitness – after all health is wealth😉. Showcase your investing skills with zero risk (invest virtual money), compete against 4k fellow investors on TradeGyani & beat the Sensex to win some cool fitness gadgets like FITBIT Charge 2 fitness wristband!!
Eligibility Criteria –
- All the contestants must be over 18 years of age.
- Contestants must be permanent residents or citizens of India.
- All the contestants must be registered TradeGyani users.
- All the interested participants must register before 3rd September, 2018. While those who register after 3rd September will not be able to play for the final prize, they can still participate and win daily prizes.
- Contestants must build their portfolio by 3rd September 2018.
- Contestants must fully complete their social (including original photo) and investment profiles on TradeGyani.
All contestants will be given Rs. 5 lakhs in virtual money to build their investment portfolios. During the “contest period”( 3rd September, 2018 – 21st September 2018) – the contestants must outperform S&P BSE Sensex returns. Here are a few rules that the contestants need to keep in mind:
- Trade is applicable only in Cash Segment.
- Intra-day trade settlement is prohibited. Any contestant who does this will be disqualified.
- Any contestant buying stocks with m-cap of less than 1000 crore will be disqualified
- Transaction Limits – Participants can invest a maximum of 25% of their simulated portfolio value in any one stock
Awards Details & Criteria-
- Winner – Contestant whose portfolio outperforms the returns of S&P BSE Sensex and has the highest return (15 days gain) gets a Fitbit Charge 2 : a heart tracking & fitness wristband
- 1stRunner up – Contestant whose portfolio outperforms the returns of S&P BSE Sensex and has the second highest return (15 days gain) gets a ECVISION Digital Outdoor and Indoor Wireless Cordless Diet Skipping Rope with Digital LCD Screen Showing Time, Calorie And Jump Counter
- Star Award– Contestant with the highest number of followers, and maximum number of engaging posts gets a Mi Band 2 fitness tracker
- Daily Winners –
- Contestant will have to submit their intra-ideas with following information : Stock Ticker: Use #company ticker for us to track it, buy price, target price, stop loss and investment rationale.
- All the investing ideas need to be submitted before the market opens everyday. A contestant will have to submit the intra-day idea after the market closes (3:30pm) the previous day and before the market opens during the trading day (9:15am)
- Winners will be identified based on the un-realized gain% by their investing idea
- In case of a tie and if they have the same stock – contestant who has submitted the idea first will win the award
In case of a tie for the final prizes, the contestant with the highest number of comments on social feeds and followers will win.