Ideal Strategy
The winner of this thing will likely:
1. Trade no more than 4 positions at a time;
2. Make picks that do not require precise intra-day entry;
3. Make picks that are in alignment with emerging trends;
4a. Ride winners, and ADD to winners
4b. Cut losers quickly with stops, limiting them to no more than 5% per position (this is probably way too high);
5. Preserve cash(no rebuys) if no home-run probabilities can be perceived and identified.
The structure of this game does not model the real world at all, and as such one can "throw dimes on it" (criticize or belittle, disrespect). Participanting may actually encourage some very bad trading habits, like concentrating all equity in one position-- a 100% sure recipe for trouble in the real trading world.
The reality is that players with some experience who are capable of some adjustments in light of the structure of the game are going to do very well.
The comments and insights from these players (Wildwood for example) are likely going to be very valuable to market students.
Successful trading is more about beliefs than money per se. It will be interesting to see what specific working beliefs are expressed (implicitly and explicitly) by the leaders that appear at the top of the list every week.
I suggest that starting traders would be wise to believe they "may lose/probably will lose" all their trading capital at least one time during the first 4 years of experience.
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