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Contest Rules
Published February 18, 2009 |
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1. Registration Period - Participants may sign up at any time and are eligible for all prizes and need not re-register to play if already registered. Wall Street Survivor reserves the right to limit or turn off registrations as it deems necessary.
2. Trading Periods - The monthly trading period for determining monthly prizes begins on the first trading day of the calendar month and ends at market close on the last trading day of each calendar month. The weekly trading period for determining weekly prizes begins on the first trading day of the calendar week (usually Monday) and ends at market close on the last trading day of each calendar week (usually Friday).
3. Initial Cash Balance - New Survivors will be given an initial cash balance of US $100,000 of fictitious funds in each of their three Wall Street Survivor portfolios: $100k Stock Contest, Permanent Stock Portfolio and Options Contest.
4. Eligible Securities - Survivors can buy any common stock, preferred stock, or ETF listed on NYSE, NASDAQ, or AMEX exchange that is quoted by our data vendor with a bid of $0.25 or higher. Survivors cannot trade pink sheet stocks, mutual funds, futures, or bonds. Survivors can also trade options in their options portfolio.
5. Order Types and Trade Execution - Market, limit, and stop orders will be accepted. All orders are executed at the real-time bid/ask prices as provided by our data vendor when placed during market hours. However, due to exchange rules, all stock quotes displayed are delayed by at least 15 minutes, unless you have a subscription to real time quotes.
Market orders placed while the markets are closed or before the market opens will be executed at an appropriate bid/ask price shortly after the market opens and contingent to trading volume on that particular stock. However, if the requested stock does not yet have sufficient volume to trade (refer Trading Volume Limits rule), order will remain pending until there is sufficient volume. Once the order has executed, the transaction will automatically appear in the Player's Portfolio and Transaction History.
Trades placed after market hours can be viewed in the Pending Orders screen. Pending orders can be cancelled until 9:25 am ET on the day the trade is scheduled for execution. Pending market orders placed on halted stocks will be cancelled if trading does not resume by the end of the day.
Limit and stop orders may be placed as "Day" orders which are good for the day only, or as "GTC" orders, which are good until cancelled.
If a Player does not have adequate cash or buying power to process a trade, then the number of shares will be adjusted to allow the trade to be filled.
6. Commissions - Each trade will incur a broker commission fee of $10.00 which will be subtracted from their WSS cash balance.
7. Buying on Margin - Buying on margin is allowed for all securities with a price of $3.00 or higher. This means that the trader can borrow additional funds from Wall Street Survivor based on an initial margin requirement of 50%.
8. Short Sells - Short sell is permitted and short orders do not need an uptick to be filled. Short sells where the bid price of the most recent trade is less than $3.00 are not permitted. Proceeds from the short sell are restricted and cannot be used to buy additional stocks. Options cannot be written (sold short).
9. Splits, Dividends and other Corporate Actions - Most stock splits, dividends, and other corporate actions reported by the news wires will be accounted for in Player’s account. These situations may cause account values to be misrepresented until the reconciliation occurs.
10. Trading Halts - Halted, restricted, and blocked stocks will not be available for trading. Any trade that is confirmed after trading has been halted will be reversed.
11. Canceling Market Orders - Traders cannot cancel market orders placed during market hours.
12. Discrepancies - Traders should report any account discrepancy within one (1) week from the transaction date. WSS will, at its sole discretion investigate and adjust any legitimate discrepancy. Discrepancies reported after one (1) week may or may not be adjusted.
13. Position Limit - Traders may invest a maximum of twenty-five (25) percent of their portfolio value in any one stock.
14. Trading Volume Limits - Order quantity cannot exceed 50% of the volume at the time the trade is submitted. If the order does not meet the volume limits, your order will remain open for 1 trading day. For the duration that order is open, if there is sufficient volume, order will be filled. This rule applies to only ‘buy’ or ‘short’ orders.
15. Initial Public Offerings - Initial Public Offerings (IPOs) may only be traded once they are listed on the exchange and their quotes are carried by the WSS data vendor. Pending trades on Initial Public Offerings (IPOs) will be executed at the market price, not the IPO price.
16. Transaction Limits - The maximum number of trades allowed per month is 5,000.
17. Exercising Options - In-the-money options that remain on account at expiration will be sold off at their intrinisc value. Out-of-the-money and at-the-money options will expire worthless. To exercise an option, users must contact customer support.
18. Cash Prizes - Monthly and Weekly prizes are determined based on the greatest portfolio percentage gain, one prize per individual, at the end of the trading period as per the following schedule:
* Requires one login during time period. Traders Must make more than 15 trades per month. Investors may make up to 15 trades per month.
** Requires one trade
19. Options Contest Cash Prizes – The month of April, 2009 will be considered a practice time for Survivors and there will not be any prizes awarded in the Options Contest. Beginning the week of May 4th, 2009, the Weekly prizes are determined based on the greatest portfolio percentage gain, one prize per individual, at the end of the trading period as per the following schedule:
20. Prize Eligibility - Weekly Prize Eligibility Rule: To be eligible for weekly prizes, you must login at least once between Saturday 12:00AM and Friday 4:00PM Eastern Standard Time. If you do not log in, your ranking for the week will be ZERO and you will not show up on the weekly rankings page. Additionally, your Starting Portfolio Value for the week must be at least $50,000.
- Monthly Prize Eligibility Rule: To be eligible for monthly prizes, you must log in at least once during the calendar month. If you do not log in, your ranking for the month will be ZERO and you will not show up on the monthly rankings page. Additionally, your Starting Portfolio Value for the month must be at least $50,000.
21. Winners and Leaderboard - Player positions on the leaderboard are unofficial. Survivors listed on the leaderboard may not be the actual winners. WSS conducts audits to determine daily, weekly and end-of-contest winners. All pricing information is received from Thomson Financial, an independent data provider, and Wall Street Survivor is not responsible for the accuracy of such data. All prices are an approximation of market value at the time each trade is executed. We will make a commercially reasonable effort to ensure that trades are filled at actual price at the time of trade, but we make no guarantee that the price at which a Participant buys or sells a stock will match any other price that may be found outside of the contest. If WSS finds trades counter to or outside the scope of rules WSS has final trading adjustment authority to rectify.
22. Winner Notification - Winners will be notified by us in a commercially reasonable timeframe, after the account audit process has concluded. Winner acknowledges that is it his/her responsibility to ensure that his/her contact information is valid and accurate. Winners must be over the age of 18 at the time of entry into the contest in order to be eligible to win prizes. Wall Street Survivor requires all winners provide proof of age of majority, residency and identity prior to the award of all prizes. Wall Street Survivor accepts no responsibility for inaccurate or invalid information submitted to us. Winners are responsible for any taxes due as a result of winning prizes. If all supporting documentation (including a signed release, photo i.d. and affidavit, if applicable) is not received by us within 14 days of notification, the result will be forfeiture of any prize or award or earned. Separate signed releases, a photo i.d. and an affidavit, if applicable, are required to be submitted for each prize claimed.
23. Survivor Name - User Names must not be inappropriate, as determined by StockTrak Group Inc. or the Site’s support staff in their sole discretion. This includes, without limitation, names that are harmful, defamatory, racist, ethnically derogatory, obscene, vulgar, sexually explicit, profane or objectionable, whether in English or any other language. User Names must not violate any applicable laws, rules or regulations; this specifically pertains to copyrighted names and/or possible trademark infringements.
24. In the event of disputes, the decisions of Wall Street Survivor are final.
2. Trading Periods - The monthly trading period for determining monthly prizes begins on the first trading day of the calendar month and ends at market close on the last trading day of each calendar month. The weekly trading period for determining weekly prizes begins on the first trading day of the calendar week (usually Monday) and ends at market close on the last trading day of each calendar week (usually Friday).
3. Initial Cash Balance - New Survivors will be given an initial cash balance of US $100,000 of fictitious funds in each of their three Wall Street Survivor portfolios: $100k Stock Contest, Permanent Stock Portfolio and Options Contest.
4. Eligible Securities - Survivors can buy any common stock, preferred stock, or ETF listed on NYSE, NASDAQ, or AMEX exchange that is quoted by our data vendor with a bid of $0.25 or higher. Survivors cannot trade pink sheet stocks, mutual funds, futures, or bonds. Survivors can also trade options in their options portfolio.
5. Order Types and Trade Execution - Market, limit, and stop orders will be accepted. All orders are executed at the real-time bid/ask prices as provided by our data vendor when placed during market hours. However, due to exchange rules, all stock quotes displayed are delayed by at least 15 minutes, unless you have a subscription to real time quotes.
Market orders placed while the markets are closed or before the market opens will be executed at an appropriate bid/ask price shortly after the market opens and contingent to trading volume on that particular stock. However, if the requested stock does not yet have sufficient volume to trade (refer Trading Volume Limits rule), order will remain pending until there is sufficient volume. Once the order has executed, the transaction will automatically appear in the Player's Portfolio and Transaction History.
Trades placed after market hours can be viewed in the Pending Orders screen. Pending orders can be cancelled until 9:25 am ET on the day the trade is scheduled for execution. Pending market orders placed on halted stocks will be cancelled if trading does not resume by the end of the day.
Limit and stop orders may be placed as "Day" orders which are good for the day only, or as "GTC" orders, which are good until cancelled.
If a Player does not have adequate cash or buying power to process a trade, then the number of shares will be adjusted to allow the trade to be filled.
6. Commissions - Each trade will incur a broker commission fee of $10.00 which will be subtracted from their WSS cash balance.
7. Buying on Margin - Buying on margin is allowed for all securities with a price of $3.00 or higher. This means that the trader can borrow additional funds from Wall Street Survivor based on an initial margin requirement of 50%.
8. Short Sells - Short sell is permitted and short orders do not need an uptick to be filled. Short sells where the bid price of the most recent trade is less than $3.00 are not permitted. Proceeds from the short sell are restricted and cannot be used to buy additional stocks. Options cannot be written (sold short).
9. Splits, Dividends and other Corporate Actions - Most stock splits, dividends, and other corporate actions reported by the news wires will be accounted for in Player’s account. These situations may cause account values to be misrepresented until the reconciliation occurs.
10. Trading Halts - Halted, restricted, and blocked stocks will not be available for trading. Any trade that is confirmed after trading has been halted will be reversed.
11. Canceling Market Orders - Traders cannot cancel market orders placed during market hours.
12. Discrepancies - Traders should report any account discrepancy within one (1) week from the transaction date. WSS will, at its sole discretion investigate and adjust any legitimate discrepancy. Discrepancies reported after one (1) week may or may not be adjusted.
13. Position Limit - Traders may invest a maximum of twenty-five (25) percent of their portfolio value in any one stock.
14. Trading Volume Limits - Order quantity cannot exceed 50% of the volume at the time the trade is submitted. If the order does not meet the volume limits, your order will remain open for 1 trading day. For the duration that order is open, if there is sufficient volume, order will be filled. This rule applies to only ‘buy’ or ‘short’ orders.
15. Initial Public Offerings - Initial Public Offerings (IPOs) may only be traded once they are listed on the exchange and their quotes are carried by the WSS data vendor. Pending trades on Initial Public Offerings (IPOs) will be executed at the market price, not the IPO price.
16. Transaction Limits - The maximum number of trades allowed per month is 5,000.
17. Exercising Options - In-the-money options that remain on account at expiration will be sold off at their intrinisc value. Out-of-the-money and at-the-money options will expire worthless. To exercise an option, users must contact customer support.
18. Cash Prizes - Monthly and Weekly prizes are determined based on the greatest portfolio percentage gain, one prize per individual, at the end of the trading period as per the following schedule:
Monthly Overall Traders* Prizes
| 1st Place | $1,000 |
| 2nd Place | $400 |
| 3rd Place | $250 |
| 4th Place | $100 Amazon Gift Card |
| 5th Place | $75 Amazon Gift Card |
| 6th Place | $50 Amazon Gift Card |
| 7th Place | $40 Amazon Gift Card |
| 8th Place | $30 Amazon Gift Card |
| 9th Place | $20 Amazon Gift Card |
| 10th Place | $15 Amazon Gift Card |
Monthly Overall Investors* Prizes
| 1st Place | $1,000 |
| 2nd Place | $400 |
| 3rd Place | $250 |
| 4th Place | $100 Amazon Gift Card |
| 5th Place | $75 Amazon Gift Card |
| 6th Place | $50 Amazon Gift Card |
| 7th Place | $40 Amazon Gift Card |
| 8th Place | $30 Amazon Gift Card |
| 9th Place | $20 Amazon Gift Card |
| 10th Place | $15 Amazon Gift Card |
Weekly Overall* Prizes
| 1st Place | $200 |
| 2nd Place | $100 Amazon Gift Card |
| 3rd Place | $75 Amazon Gift Card |
| 4th Place | $50 Amazon Gift Card |
| 5th Place | $25 Amazon Gift Card |
Random Daily** Draw for Any Trade on that Day
| 1st Place | $25 Amazon Gift Card |
** Requires one trade
19. Options Contest Cash Prizes – The month of April, 2009 will be considered a practice time for Survivors and there will not be any prizes awarded in the Options Contest. Beginning the week of May 4th, 2009, the Weekly prizes are determined based on the greatest portfolio percentage gain, one prize per individual, at the end of the trading period as per the following schedule:
Weekly Overall Options Contest
| 1st Place | $200 |
20. Prize Eligibility - Weekly Prize Eligibility Rule: To be eligible for weekly prizes, you must login at least once between Saturday 12:00AM and Friday 4:00PM Eastern Standard Time. If you do not log in, your ranking for the week will be ZERO and you will not show up on the weekly rankings page. Additionally, your Starting Portfolio Value for the week must be at least $50,000.
- Monthly Prize Eligibility Rule: To be eligible for monthly prizes, you must log in at least once during the calendar month. If you do not log in, your ranking for the month will be ZERO and you will not show up on the monthly rankings page. Additionally, your Starting Portfolio Value for the month must be at least $50,000.
21. Winners and Leaderboard - Player positions on the leaderboard are unofficial. Survivors listed on the leaderboard may not be the actual winners. WSS conducts audits to determine daily, weekly and end-of-contest winners. All pricing information is received from Thomson Financial, an independent data provider, and Wall Street Survivor is not responsible for the accuracy of such data. All prices are an approximation of market value at the time each trade is executed. We will make a commercially reasonable effort to ensure that trades are filled at actual price at the time of trade, but we make no guarantee that the price at which a Participant buys or sells a stock will match any other price that may be found outside of the contest. If WSS finds trades counter to or outside the scope of rules WSS has final trading adjustment authority to rectify.
22. Winner Notification - Winners will be notified by us in a commercially reasonable timeframe, after the account audit process has concluded. Winner acknowledges that is it his/her responsibility to ensure that his/her contact information is valid and accurate. Winners must be over the age of 18 at the time of entry into the contest in order to be eligible to win prizes. Wall Street Survivor requires all winners provide proof of age of majority, residency and identity prior to the award of all prizes. Wall Street Survivor accepts no responsibility for inaccurate or invalid information submitted to us. Winners are responsible for any taxes due as a result of winning prizes. If all supporting documentation (including a signed release, photo i.d. and affidavit, if applicable) is not received by us within 14 days of notification, the result will be forfeiture of any prize or award or earned. Separate signed releases, a photo i.d. and an affidavit, if applicable, are required to be submitted for each prize claimed.
23. Survivor Name - User Names must not be inappropriate, as determined by StockTrak Group Inc. or the Site’s support staff in their sole discretion. This includes, without limitation, names that are harmful, defamatory, racist, ethnically derogatory, obscene, vulgar, sexually explicit, profane or objectionable, whether in English or any other language. User Names must not violate any applicable laws, rules or regulations; this specifically pertains to copyrighted names and/or possible trademark infringements.
24. In the event of disputes, the decisions of Wall Street Survivor are final.
(1) Amazon.com is not a sponsor of this promotion. Amazon, Amazon.com, and the Amazon.com logo are registered trademarks of Amazon.com, Inc. or its affiliates. Amazon.com gift certificates are issued by AMZN Gift Certificates, Inc. and are redeemable only at www.amazon.com. See www.amazon.com/gc-legal for terms and conditions of use of Amazon.com gift certificates.
(2) Hotel rates based on rack rates determined by hotel management.
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All information is provided on an "as-is" basis for informational purposes only, and is not intended for actual trading purposes or market advice. Quote data is delayed up to 15 minutes. Quotes provided by Thomson Financial. Neither Wall Street Survivor nor any of its independent data providers are liable for incomplete information, delays, or any actions taken in reliance on information contained herein. By accessing the Wall Street Survivor site, you agree not to redistribute the information found within. Wall Street Survivor is a product of Stock-Trak, a provider of web-based financial simulations for business, education and entertainment.
