Congratulations to the winners and thanks to Sskillz and Lentinman for all the hard and high quality work tracking and reporting. I really do get invested in my relative standing and get excited and bummed out when my picks go up and down--especially since I have always owned most or all of my picks in real life. It felt good to win the last week and end up 18th in the contest especially since 1)my picks reflect my bias in real life to invest in higher market cap stocks with higher $ trading volumes on higher exchanges and 2)I have only done 1 or 2 trades in the history of PSL consistent with my "hold and mold" investment strategy in real life. I realize going in I'm not "playing to win" which may seem like an odd way to participate, but I am most interested in seeing how my real life strategy performs over 13 weeks against the shorter term trading strategies of expert stock pickers. For this contest I had 3 NYSE picks(BX,DFR,EGY),2 NASDAQ picks (HRBN,FSIN) and CML.V. In real life I don't own BX or EGY but the others make up a significant % of my portfolio.
I think the minimum trading volume requirement that was imposed clearly makes the contest more reflective of real life investing. As the $ size of my portfolio has increased, there are still many stocks picked in this contest in which I couldn't take any meaningful position given the very small average dollar trading volume. Given all the statistics you guys generate, I would ask you to consider for the next contest ranking each participant at the beginning of the contest based upon the average $ trading volume of his picks. One issue would be whether a very large cap stock (like BX above) would skew the results. There could be some cap imposed or perhaps stocks could be assigned a "1" through "5" based on average trading volume. I realize it's easy to think of work for others to do, but this would be particularly interesting to me, and I thought others might appreciate its relevence as well. Also, it only needs to be done once at the beginning of the contest.
Whether or not you take up the idea please know how appreciative I am of all the enjoyment and learning you have provided me by sponsoring the PSL tournaments.
AI
