Think you are good at trading stocks? Here’s a good Friday afternoon time waster for those of you who prefer more grown-up games than you can find on Mytopia.
Test your trading skills at Inspectd. The site, which has been around for a while, shows you a historical stock chart with nothing more than the price and the moving average. You are given $100,000 in fake money and you have to decide whether to buy, skip, or sell based on nothing other than the price. Once you decide, it tells you the name of the stock, what it actually did over the next 20 days, and adjusts your account accordingly.
It is pretty addictive, and cheaper than day trading with real money.
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i made a million dollars in 5 minutes by using my well crafted and financialy sound “always buy” strategy
You just got lucky. Keep flipping that coin.
Actually was trying to find a site where you trade based on historical data just last night.
Inspectd looks like a great resource, except that is “$100/month server” is about to become a $200/month server after the TechCrunch/Reddit/Digg effect hits/continues to hit.
this concept is VERY old, asia companies are doing it for a few years now. they even have touraments for people to enter, and see who makes the most with the fake money and win a millions.
are you sure there is no other NA companies that do this for years?
I didn’t exactly spend a lot of time researching this, sd.
I just like the site. Thought I’d share. There could be others. Anyone know?
@4
fantasy stock games are a dime a dozen. most are pegged to real time stats while this is based on old charts. there was an older and more complex implementation of this idea but this one is quite simple and easy to use so i can see the appeal for beginners.
http://chartgame.com/
a lot more complex
@sd
Well, this differs from sites like MarketWatch’s VSE and other places where you invest fake money in real time, as if you had an actual brokerage account. This site gives you instant results on how the stock performed historically without waiting.
@8
Your level of perception is astounding.
Yep this is a time-waster! Speaking of time wasters I personally just uninstalled everything that could possibly waste my time on the computer. Including firefox, stumbleupon, the gimp, and many others. If it does not say microsoft in the title I am not using it anymore.
I user microsoft office, microsoft internet explorer, microsoft visual studio 2005, windows media player, and more. Don’t care what people say it is the microsoft products that keep my system up and running. The rest of the time wasters seem to lock up my computer to much. Firefox needs to fix their memory leaks now. I have 2 gig of ram and that darn program locks me up all the time.
Anyway be more productive stop with the time wasters!
Shane Coffey
I’d like to see some of the technical analyst blowhards be subjected to this test, particularly the Elliot Wave theorists. They always have a bulletproof case for why “we are entering a 3rd degree Fibonacci retrace and will be moving 20 points” or some such, and then always have an equally plausible excuse when their prediction fails.
Shane I just visited your website…talk about a complete waste of time. Why even bother linking to it?
This is kind of a waste of time.
The game is obviously based on technicals, but by pulling from historical data, you have no idea how quarterly earnings reports, news articles, and the like have been impacting the “current price” or recent “price moves.”
Maybe with a little tweaking, and more strictly technical data, it would be more fun.
http://www.updown.com
You can earn real money, with nothing down.
Gives you more than just prices. Gives you everything Nasdaq.com would offer: company docs, etc. coupled with user analysis.
TechCrunch has been on the forefront of recognizing the onset of the Age of Aggregators. Friendfeed’s feed for their feeds is perfect example of the ludicrosity of the movement… though the recent post on Mytopia shows that aggregation can be done creatively still.
So, on that note: UpDown aggregates the trading behavior of its users. Statistically, you’d think, there’s some very valuable information being collected here. Now, I can’t see anyone’s stats but my own, but I’d like to think that the creators of the site are using the data effectively to bolster their own wealth…
yeah they have been doin that for a while now.
In the “time waster” category, Investopedia.com has provided a Stock Simulator/game for some time. That game lets you invest a virtual $100,000.00 to trade online. The site touts it’s game as useful for everybody from beginners to sophisticated investors wanting to test more advanced investment strategies and provides rankings. The site also has lots of info on market jargon and financial terminology.
http://simulator.investopedia.com/
@10 Shane: you might want to take that to the next level. Remove all your Microsoft products do everything within (cygwin) emacs. 500% productivity boost.
Awesome site, could be a little better though at “investing” side of it.
No Love Erick…No Love.
Hi, I’m the founder of Inspectd.com. The current version was actually coded in about four hours, so I’m working on adding more features, such as EPS, Bollinger Bands, EMA, and any indicator your heart desires, along with such features as stop-loss orders. I appreciate the awesome response so far. Thanks!
It’s really a shame that these kind of sites are being reviewed by TechCrunch. There are a lot of great sites out there which are being left out.
Even if reviewing of all the great sites out there is nearly impossible…atleast, reviewing these kind of sites should be avoided.
Also, there are a lot of sites out there which are similar to this one and have been operating for many years now as some ppl have pointed out in the comments. So, Erick (@5), if you can’t spend a lot of time researching something, then its better to not publish it. I am saying all this because, some guys could have a great site on their hands, but might not have received a review from TechCrunch. It really pisses these kind of ppl off.
Food for thought: is someone crowdsourcing people’s implicit knowledge/feelings about investment and gathering rules/patters for automatic investment application ?
– MV
there’s also a good one for portuguese-speaking people: http://www.investidorvirtual.com
Quite funny,
should have made my day during the last weeks trading porsche.
I beat it:
http://www.uglychart.com/2008/.....-trillion/
I encourage everyone who is successful on this site to go attempt their strategies in the real market, so that the rest of us have a little more alpha to chase. The efficient market hypothesis certainly has anomalies it can’t quite explain, but the evidence for Level I efficiency (that past prices are not good predictors of future prices and mechanical trading systems based on price information cannot over time outperform the market) is pretty damn good.
Humphrey - you can see my results, dude. There are these things called TRENDS. The efficient market hypothesis is a load of BS.
Very cool. It’s amazing how much balls one can have when not playing for real money.
I like this site, i bookmarked it thanks.
Check out my blog for legit ways to make money online.
http://mikesmoneyclub.blogspot.com
well I am surprised techcrunch reviewed an unfinished site….
Humphrey - this one’s for you:
http://www.uglychart.com/2008/.....spectdcom/
I just wasted time reading 33 comments.