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I knew someone who won a similar stock trading contest held by a radio station about 30 years ago. He put all his pretend money into a low volume penny stock. T
by randerson 2y ago
I knew someone who won a similar stock trading contest held by a radio station about 30 years ago. He put all his pretend money into a low volume penny stock. Then in real life he bought enough of that same penny stock to raise the stock price substantially. He'd somehow calculated that the cash prize would exceed the cost of manipulating the stock. IIRC the stock price got another boost when they announced his winning trade on the radio, enabling him to make a tidy profit.
- rjrdi38dbbdb 2y agoThat's exactly how clients beat bucket shops as well. If they don't set their risk limits low enough and fees high enough, you can profit by manipulating the underlying markets.