How To Cheat At Stocksquest
Not too long ago, I wrote an article about why I thought stocksquest.com is lame. It would appear that a lot of people want to cheat at stocksquest's market simulation, so I'm going to describe in depth, a very simple way to make tons of money at stocksquest.
(Note, just reading the indented sections will give you the bare minimum you need to know to beat stocksquest.)
Stocksquest doesn't update their stock prices in real time. That is, there is a noticeable lag between the real stock prices and prices displayed on the stocksquest website. If you're using stocksquest then you're probably using Yahoo Finance to track prices, and like most stock price trackers, Yahoo Finance is behind the real time stock prices by about fifteen minutes. But stocksquest is at least thirty minutes behind the real time stock prices. Which means that you can buy stocks in stocksquest and know that they'll go up in price in a very short amount of time, because you've already seen them go up in Yahoo Finance (or whatever site you use for tracking prices).
Now, most teachers already know of this flaw in stocksquest and so they'll require that you hold a stock for a certain amount of time before selling it. The idea is, is that a volatile stock that jumps in price in the space of ten minutes probably isn't going to stay high till the next day. Thus, by enforcing a minimum holding period, the ability to "know the future" becomes useless.
But there is another way to predict the future.
Stocksquest, A Review
There are numerous schools that use stocksquest.com, an online stock market simulation, as a teaching tool. The point of the simulation is to mimic perfectly the real stock market, the only exception being the use of fake money. Real stocks can be bought and sold at real market prices, and students can perform market research and read news articles in order to help their performance in the simulation, just like in real life (theres a lot of "real" here for a simulation) The point of course, is to show students how the stock market functions and how to make money in a relatively easy manner. Stocksquest even adds a little extra fun in, allowing teachers to create class or school wide competitions so that students can battle each other out for financial success. My high school economics class engaged in a stocksquest competition, and you can see the final class rankings here. As you can see, a few students ended the contest with ridiculously huge amounts of money. While most of the class had made or lost between 15% of their money, there were a few that ended with unrealisticly huge percent gains. Once would of course assume that these students cheated. Although in this case, cheating is rather a strong word, especially since the system invites it.
There are other online stock market simulations available, some of them as free as stocksquest, and I would highly encourage teachers to sample other sites before selecting stocksquest for use in the class room. Hopefully, some of the flaws of stocksquest that I will investigate later in this article will be evidence enough to convince teachers to select a different simulation.
more stocksquest
Contest Rankings | |||||
---|---|---|---|---|---|
Rank | Name | Total Value | % Gain | # Trades | |
1. | View | chi |
85519.44 |
755.19 |
80 |
2. | View | michael mendoza |
24866.90 |
148.67 |
40 |
3. | View | Ben Driscoll |
15778.95 |
57.79 |
78 |
4. | View | Bharath Ganesh |
14174.96 |
41.75 |
31 |
5. | View | Travis Coots |
13646.89 |
36.47 |
90 |
6. | View | Sarah Czarnecki |
12800.59 |
28.01 |
39 |
7. | View | john ward |
11793.03 |
17.93 |
59 |
8. | View | Melissa Gray |
11419.12 |
14.19 |
13 |
9. | View | Bob Wright |
11285.18 |
12.85 |
17 |
10. | View | daniel ngui |
10956.86 |
9.57 |
109 |
11. | View | Chris Meyers |
10893.37 |
8.93 |
22 |
12. | View | kortney slater |
10850.86 |
8.51 |
114 |
13. | View | Elizabeth Allen |
10746.80 |
7.47 |
48 |
14. | View | Josh Ruff |
10577.27 |
5.77 |
26 |
15. | View | cody goodridge |
10572.36 |
5.72 |
18 |
16. | View | Zack Conley |
10434.36 |
4.34 |
40 |
17. | View | Lauren Sedgwick |
10404.00 |
4.04 |
19 |
18. | View | Lindsay Dworman |
10395.54 |
3.96 |
32 |
19. | View | Claire Campo |
10361.92 |
3.62 |
20 |
20. | View | audrey gandy |
10344.96 |
3.45 |
13 |
21. | View | ChristyAnna Zimmerman |
10330.15 |
3.30 |
17 |
22. | View | Chris Kwee |
10325.39 |
3.25 |
26 |
23. | View | Matt Bogert |
10188.31 |
1.88 |
30 |
24. | View | joe sowa |
10184.25 |
1.84 |
22 |
25. | View | Lauren Bernau |
10175.82 |
1.76 |
46 |
26. | View | Anthony Wiedrick |
10157.54 |
1.58 |
31 |
27. | View | Christina Davis |
10149.64 |
1.50 |
19 |
28. | View | Danielle Brill |
10130.03 |
1.30 |
18 |
29. | View | Lucas Clark |
10104.90 |
1.05 |
18 |
30. | View | Joanna Gross |
10061.50 |
0.61 |
61 |
31. | View | Elliott Hull |
10025.74 |
0.26 |
0 |
32. | View | danny ngui |
10025.19 |
0.25 |
0 |
33. | View | david umina |
10025.19 |
0.25 |
0 |
34. | View | pete tate |
10025.19 |
0.25 |
0 |
35. | View | Vanessa Miranda |
10019.53 |
0.20 |
1 |
36. | View | robyn lashley |
10006.15 |
0.06 |
64 |
37. | View | Kevin Schumm |
9990.90 |
-0.09 |
35 |
38. | View | Elizabeth Guza |
9986.93 |
-0.13 |
25 |
39. | View | Emily Christensen |
9959.17 |
-0.41 |
31 |
40. | View | Erica Wilens |
9931.59 |
-0.68 |
8 |
41. | View | John Bartel |
9921.46 |
-0.79 |
30 |
42. | View | Claire Heller |
9915.74 |
-0.84 |
7 |
43. | View | Ashley Garrett |
9913.15 |
-0.87 |
29 |
44. | View | nick thomy |
9904.98 |
-0.95 |
15 |
45. | View | Meredith Price |
9899.61 |
-1.00 |
26 |
46. | View | Camden Ash |
9898.92 |
-1.01 |
38 |
47. | View | Elliott Hull |
9888.55 |
-1.11 |
50 |
48. | View | Donell Cooper Jr |
9847.79 |
-1.52 |
33 |
49. | View | Erika Caietti |
9832.24 |
-1.68 |
32 |
50. | View | Ivan Otsuka |
9828.00 |
-1.72 |
40 |
51. | View | Kaity Whittaker |
9826.60 |
-1.73 |
48 |
52. | View | Alexandra Broyles |
9814.06 |
-1.86 |
37 |
53. | View | Kaity Tully |
9805.28 |
-1.95 |
41 |
54. | View | Claire Hellar |
9800.44 |
-2.00 |
22 |
55. | View | Matthew Yost |
9785.64 |
-2.14 |
39 |
56. | View | Eric Presnall |
9779.08 |
-2.21 |
47 |
57. | View | Mike Terranova |
9774.95 |
-2.25 |
24 |
58. | View | Emily Alpert |
9773.82 |
-2.26 |
24 |
59. | View | Brandon Davis |
9768.21 |
-2.32 |
30 |
60. | View | Shane Morosky |
9765.42 |
-2.35 |
19 |
61. | View | Caitlyn Huber |
9762.49 |
-2.38 |
37 |
62. | View | Ivan Otsuka |
9749.97 |
-2.50 |
42 |
63. | View | Matt Hanson |
9737.70 |
-2.62 |
25 |
64. | View | pete tate |
9724.96 |
-2.75 |
18 |
65. | View | Sara Miller |
9723.98 |
-2.76 |
16 |
66. | View | Dana Mangseth |
9718.22 |
-2.82 |
22 |
67. | View | alex anticevich |
9698.52 |
-3.01 |
29 |
68. | View | Dana Stoller |
9651.62 |
-3.48 |
14 |
69. | View | Amanda Gulyas |
9615.35 |
-3.85 |
38 |
70. | View | Matt Anderson |
9601.48 |
-3.99 |
22 |
71. | View | Shannon Lee |
9597.80 |
-4.02 |
57 |
72. | View | Christina Shuler |
9584.83 |
-4.15 |
23 |
73. | View | maziar salimi |
9583.28 |
-4.17 |
23 |
74. | View | Jacob Ricks |
9548.03 |
-4.52 |
36 |
75. | View | Kayla Schureman |
9529.86 |
-4.70 |
38 |
76. | View | Ashley Keefer |
9516.27 |
-4.84 |
55 |
77. | View | Jason Shaffer |
9487.65 |
-5.12 |
20 |
78. | View | Wesley Birrer |
9483.96 |
-5.16 |
32 |
79. | View | Matt Borasi |
9458.34 |
-5.42 |
55 |
80. | View | Anna Wehr |
9413.00 |
-5.87 |
42 |
81. | View | Eric Nakano |
9400.19 |
-6.00 |
22 |
82. | View | Matthew DOoge |
9398.44 |
-6.02 |
33 |
83. | View | Jarad George |
9382.81 |
-6.17 |
21 |
84. | View | Ian Privitt |
9371.17 |
-6.29 |
10 |
85. | View | Jen Smit |
9348.65 |
-6.51 |
24 |
86. | View | alyssa beatty |
9347.01 |
-6.53 |
19 |
87. | View | Jordan Embree |
9320.53 |
-6.79 |
32 |
88. | View | Matthew Yunge |
9315.69 |
-6.84 |
21 |
89. | View | Jonathan Manzi |
9300.21 |
-7.00 |
37 |
90. | View | maninder singh |
9291.00 |
-7.09 |
118 |
91. | View | David Umina |
9288.12 |
-7.12 |
16 |
92. | View | Heather Rains |
9236.87 |
-7.63 |
52 |
93. | View | Elhom Mirmazaheri |
9192.27 |
-8.08 |
33 |
94. | View | Brent Hottman |
9153.37 |
-8.47 |
20 |
95. | View | Jen Barisone |
8906.85 |
-10.93 |
74 |
96. | View | Brittney Heil |
8874.16 |
-11.26 |
74 |
97. | View | kevin trommer |
8857.42 |
-11.43 |
52 |
98. | View | Brett Armstrong |
8788.73 |
-12.11 |
25 |
99. | View | Erik Gregory |
8761.83 |
-12.38 |
26 |
100. | View | 12 1 |
8385.14 |
-16.15 |
1 |
101. | View | taylore collie |
7714.22 |
-22.86 |
124 |
stocksquest rankings, oh boy!
Contest Rankings | |||||
---|---|---|---|---|---|
Rank | Name | Total Value | % Gain | # Trades | |
1. | View | chi |
85512.31 |
755.12 |
80 |
2. | View | michael mendoza |
24980.30 |
149.80 |
39 |
3. | View | Ben Driscoll |
15777.63 |
57.78 |
78 |
4. | View | Bharath Ganesh |
14173.78 |
41.74 |
31 |
5. | View | Travis Coots |
13645.75 |
36.46 |
90 |
6. | View | Sarah Czarnecki |
12799.52 |
28.00 |
39 |
7. | View | john ward |
11776.81 |
17.77 |
59 |
8. | View | Bob Wright |
11284.24 |
12.84 |
17 |
stocksquest!
DATE | NAME | PRICE | QTY | DAY CHG |
CURR PRICE |
SUB TOTAL |
GAIN/ LOSS |
%GAIN | NOTES |
04/17/07 | ACCREDITED HOME (LEND) | 9.90 | 5555 | 0.08 | 10.94 | 60771.70 | 5777.20 | 10.51 | Accredited Home Lenders hires new auditor |
02/19/07 | BOSTON SCIENTIFIC (BSX) | 17.01 | 1 | 0.36 | 15.98 | 15.98 | -1.03 | -6.06 | stents |
03/26/07 | CAMBREX CP (CBM) | 24.60 | 1 | 0.05 | 25.04 | 25.04 | 0.44 | 1.79 | wasting money, yeah... |
04/18/07 | INTROGEN THERAPE (INGN) | 5.16 | 956 | -0.09 | 5.18 | 4952.08 | 19.12 | 0.39 | Introgen Cites Positive Study Results |
02/26/07 | MUTUAL BEACON FD (BEGRX) | 17.47 | 1 | 0.11 | 17.93 | 17.93 | 0.46 | 2.63 | berkshire hathaway |
04/17/07 | NOVACEA, INC. (NOVC) | 6.70 | 2400 | 0.22 | 8.22 | 19728.00 | 3648.00 | 22.69 | low volume, rather risky |
02/19/07 | ONYX PHARM INC (ONXX) | 27.75 | 1 | 0.17 | 26.73 | 26.73 | -1.02 | -3.68 | just because |
02/26/07 | STATS CHIPPAC AD (STTS) | 9.38 | 1 | 0.01 | 12.22 | 12.22 | 2.84 | 30.28 | |
02/02/07 | SUN MICROSYS INC (SUNW) | 6.55 | 1 | 0.04 | 5.93 | 5.93 | -0.62 | -9.47 | |
02/15/07 | TALX CORP (TALX) | 32.05 | 1 | 0.55 | 34.28 | 34.28 | 2.23 | 6.96 | equifax attempting to buy talx |
02/05/07 | VANGUARD INTERNAT (VINEX) | 22.06 | 2 | 0.27 | 23.49 | 46.98 | 2.86 | 6.48 | |
Long Portfolio Subtotal | 85636.87 | ||||||||
Short Portfolio Subtotal | 0.00 | ||||||||
Cash Account Subtotal | 35.68 | ||||||||
Portfolio Total | 85672.55 |