Join the Share Trading Challenge - the Adam Gilchrist Challenge

There is a new share trading challenge starting next month and and the prize for the best stock portfolio performance is $50,000! It costs $49.95 to join but the cash goes to a good cause. The event is supporting Arthritis Australia which is seeking a cure to the ailment which plagues 1 in 5 Australians. When you join you start with $50,000 virtual money and allows you to trade any stock in the top 300 companies listed on the Australian Stock Exchange. The share trading challenge closes registrations on Friday close of business November 2nd and starts the following Monday 5th November and runs for the next four weeks or 20 trading days.

A closer look at the trading rules of this share trading challenge gives some reality to the game by having brokerage charges of $19.95 per trade. And there is no short selling so, share traders are limited to trading "real" stocks and not their derivatives. As for the strategy you would use in this game: since there is no leverage involved and no short selling, you would have to go long (duh!) but everyone is on a level playing field. I would figure that there would be a lot of luck involved in winning this game, but you could still increase your probability of winning by implementing the "right strategy". So what is the right strategy? It definitely isn't diversifying. By diversifying you are spreading your risk, but you are also spreading your possible profits. Your best bet in winning the share trading challenge is simply to choose a few companies, two or even just one and hope for the best. If you were wise and lucky enough to choose stocks that rise dramatically during the week like Paladin last week then you would certainly be in the winner's line. Good luck!