How does StockFriend Work?
StockFriend is a new social network for
investors that allows you to make predictions
about stocks, see others' stock picks, aggregate
community opinions, track their performance,
and make new friends.
When
you register on StockFriend, you automatically
get your own virtual fund. This fund starts
with a virtual amount of US$1,000,000 Dollars
for you to trade with, and currently supports
trading on stocks that are listed on the
NYSE, Nasdaq, and AMEX exchanges. Users
are provided with a virtual cash balance
and can place virtual trades using real
market data.
What's the Portfolio & Fund?
StockFriend
lets you manage a virtual portfolio(fund)
of $1M in a simulated trading environment,
allowing you to track your performance accurately
and compare your fund management skills
to other investors and professional fund
managers. It's a great place to learn, and
a great place to prove your talent.
Funds allows you to create,
manage and review the funds you’re
participating in. You can create and play
in multiple funds with the switch fund button
on the Portfolio page.It looks like this:
 |
|
Your portfolio & Fund is a fun, simple,
and convenient way to experiment with the
ideas you find on StockFriend and other places,
to practice becoming a better investor.
Return to top
What's the contest?
Contests are stock picking competitions that
run for a limited duration. StockFriend.com
host a monthly stock picking contest. Joining
a contest is optional and does not effect
your StockFriend portfolio performance. It's
all about winning and fun!
For contest rules and detail information please
click
here.
Return to top
What is the add@ price and close@
price for my picks?
We uses 20-minute delayed stock quotes. If
the market is open, the add price will be
the price of the stock approximately 20 minutes
delay price. If the market is closed, the
starting price will be the next market open
price of the stock.
What's the group?
Groups are investment clubs created by StockFriend
users. You can create a group with friends
or join an existing group. Connecting
with other groups will help you to diversify
your market knowledge! You can compete with
your friends or co-workers, Meet and
chat with other StockFriend members.
Return to top
What's the watch list?
Watch list is a stocks list of your interesting.
You can add any stocks to your Watch List
as long as you are logged on. Just click on
the "Add to Watch List"
on the stock quote detail page. You
can track and share stocks in watch list.
In watch list stocks, they do not effect your
StockFriend portfolio performance. You can
remove a stock from your watch list anytime.
Return to top
When can I make a trade?
You may make a trade anytime you wish. Orders
made during market close will be pending until
the next market open. After market closed,you
can monitor your active stock order on your
"Active stocks ordes" page. From
this area you can choose to remove orders.
Return to top
How to virtual trade stocks?
There are four basic ways to trade stocks:
buy, sell, short, and cover. When buying a
stock, you are taking a long position with
the hope that the price per share will increase.
When you sell a stock, you close that long
position. Short is selling stock that you
do not own with the hope that the price per
share will decrease so that you can later
buy the stock back at a lower price. When
you buy the stock back to close your short
position, it is called "covering"
your short position.
In order to trade a stock, first, you must
know the stock symbol (sometimes called the
ticker symbol) for the stock you'd like to
trade. These symbols are used to identify
the stock of a corporation. They range from
one to five letters and are usually similar
to the company's name. For example, the ticker
symbol of Microsoft is "MSFT" and
the ticker symbol of General Electric is "GE".
We provide a Symbol Lookup tool where you
can enter a company's name and get the symbol.
After
you know the ticker symbol, you can simply
click clicking "Add Stocks"
after you login "my account":
or clicking on "Get Quote"
from the top menu then enter your stock
ticker.You should get a page that looks
like the following:
You may buy shares ("going
long") and Sell
Short by placing trade orders(market
order).
Assuming
there are no problems with the trade you'll
be able to see the stock in your portfolio.
If you trade the stocks after market closed,
You can monitor your active stock order
on your "Active Stock Order"
page. All Orders placed after hours will
be transacted at the opening price of the
next regular trading hours.
 |
Return to top
Explanation of trade types
All orders placed on our website as a market
order. A market order is an order to buy
or sell immediately at the best available
price. These orders do not guarantee a price,
but they do guarantee the order's immediate
execution. Typically, if you are going to
buy a stock, then you will pay a price near
the posted ask. If you are going to sell
a stock, you will receive a price near the
posted bid.
Buy Market: An order to
buy equity shares at the current available
market price. This order will be filled
at the current market price, provided there
is enough trading volume to process a given
trade.
Sell Market: An order to
sell equity shares at the current available
market price. This order will be filled
at the current market price, provided there
is enough trading volume to process a trade.
Sell-Short Market: An order
to short sell equity shares at the current
available market price. In a short sale,
you essentially borrow shares from your
broker and sell them on the market, in the
hope that the share price will decrease.
If it does, you can buy the shares back
in the open market and return them to your
broker, pocketing the difference between
the (higher) sale price and the (lower)
purchase price. This order will be filled
at the current market price, provided there
is enough trading volume to process your
trade.
Buy-to-Cover Market: An
order to cover a short position in your
portfolio by repurchasing shares at the
current market price. To complete a profitable
short sale, you need to first short sell
a stock, and then (with any luck) repurchase
the shares on the open market at a lower
price. When you repurchase the shares, this
is called “covering” your short
sell and, therefore, the trade is called
“buy to cover”.
Return to top
|