PSL contests commentary-
I would like to point out that although the contest is fun, it likely won't mimick very closely ones real net porfolio results if you trade a lot. For example, I'm up 41% for the year on my net at present, but my PSL results would make you think I'm breaking even at best for the year. I think the main problem is you can't possibly mimick your net portfolio resluts when you do 100+ trades in 14 weeks(that's been about my average),with a pick six contest. For example, I bought NGA last week at $9.40, and the stock is now $12.60. I also bought INRB last week at $6.50, and the stock is $9.50. I also bought CNRD less than 2 weeks ago at $7, and the stock is $11.35. These kinds of quick scores would almost never be recognized in a PSL contest because of the quickness, and volumes of such trades. Also, liquidity issues weigh heavy for me. For example I bought over twice as much NGA as INRB. So in reality, assuming equal % gains, NGA would be weighted much heavier in reflecting gains on my net porfolio than INRB. I in fact will rarely touch stocks with super low liquidity no matter how good they look. Anyway, just thought I'd throw in my two cents. Wade
