3 Simple Ways to Play the Online Stock Game
Are you surrendered to the second wave of pandemics and not sure about how to progress as an aspiring Investor? Well! You don’t need to start investing immediately. Grab the positive of the scenario and learn how to deal in a highly volatile market at an almost negligible risk.
Volatility is the nature of the share market. And there’s no better time to practice trading then now.
A virtual trading game or fantasy stock game is a real money game where the earning is dependent on the real market situation. The share market game offers an aspiring investor or non-investor an opportunity to indulge in stock analytics and challenge their knowledge and earn at the same time.
Stocktry is one such legitimate stock fantasy game where you can learn the drill of the stock market exchange and earn real money. It helps you learn to deal with real time market scenarios while practicing the ‘buy’ and ‘sell’ as a part of the fantasy stock.
A highly accessible and processible app, Stocktry, is designed to benefit the players in various ways, be it in form of skill development or rewarding wins and contest offers.
The easy to use app can be played with 3 basic steps:
1. Select Game -
Simply register and choose an upcoming game you want to play and create a team. You can select from among three options:
A) SUPER 3 - In Super 3, multiple users compete for top spots. One has to select 3 stocks from Sensex 30 Stocks. These stocks carry equal weightage in the points system.
B) FANTASTIC 4 - In Fantastic 4, you have to select 4 stocks from Nifty midcap 50.
C) LUCKY 5 - In Lucky 5, you have to select 5 stocks from Sensex 30 stocks.
2. Create Team -
Now, as mentioned in the above point. Once you select a game from among Super 3, Fantastic 4 and Lucky 5, You need to secret a stock each from various segments. This helps you analyze multiple portfolios and practice investing in diversified segments like pharma, motors, chemicals and more. It also reduces risk of losing, as if one stock performs bad, the other might rise high.
You need to select stock on the basis of their recent performance rather than past performance. Generally the players tend to forget that it is a one day stock game and must not select considering long-term gains. Instead the stock should outperform on the same day.
Also, the decision of buying or selling stock in a stock market game is different from real-time investment. If you think the price of a stock will fall by the time the market closes, you should select the 'sell' option of that stock or if you think it’s going to gain value then select the 'buy' option of that virtual stock.
3. Join Challenge -
Choose between free and paid Challenges and Win Money. The game of stock begins at 9:00 am, so you need to select the contest and freeze the team before the time. The result of the same is announced by 3:45 pm.
During the daily contest, players can edit the portfolio before closing is announced. However, the players cannot make changes to the team in a challenge. They can make changes in upcoming challenges.
Ever thought of taking the plunge into the stock market but afraid of losing money? Try our Challenges for FREE. Build your teams and track your ranking throughout the day! Download and compete with thousands of Equity Market Enthusiasts just like you!